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Restart the Hotel, Restaurant, and Travel Industry in Romania After the COVID-19 Pandemic

In: Economic Recovery After COVID-19

Author

Listed:
  • Tigu Gabriela

    (Bucharest University of Economic Studies)

  • Ciora Costin

    (Bucharest University of Economic Studies)

  • Petcu Monica Aureliana

    (Bucharest University of Economic Studies)

  • Boboc Dan

    (Bucharest University of Economic Studies)

  • Crismariu Oana Diana

    (Bucharest University of Economic Studies)

  • Curteanu Adrian Bogdan

    (Bucharest University of Economic Studies)

Abstract

Beginning with the final of 2019, the whole world has faced the challenges of a new disease. Each country has dealt with it in a proper way, but all of them adopted radical measures for the sectors major affected. One of the sectors that have been immobilized is tourism. Despite the Romanian tourism it is not a significant contributor to Gross Domestic Product, the lockdown had many strong effects. The present paper contains three main components: the analysis of the hotel, restaurant, and travel industry (the industry evolution between 2014–2019, the analysis of the correlation of the sector with the other sectors of the national economy—Leontief model); the impact of the COVID-19 pandemic on the industry (social and economic impacts) and the plan of proposed measures to reduce the effects of COVID-19 and to relaunch the field in the short and medium terms (measures proposals for large companies and for small and medium enterprises and households, etc.). The aim of this paper is to study the situation of hotel, restaurant, and travel industry in Romania and to find the solutions to restart the activity safely.

Suggested Citation

  • Tigu Gabriela & Ciora Costin & Petcu Monica Aureliana & Boboc Dan & Crismariu Oana Diana & Curteanu Adrian Bogdan, 2021. "Restart the Hotel, Restaurant, and Travel Industry in Romania After the COVID-19 Pandemic," Springer Proceedings in Business and Economics, in: Alina Mihaela Dima & Ion Anghel & Razvan Catalin Dobrea (ed.), Economic Recovery After COVID-19, pages 87-107, Springer.
    • Handle: RePEc:spr:prbchp:978-3-030-86641-9_5
    DOI: 10.1007/978-3-030-86641-9_5
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