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Impact of COVID-19 on Tourism Industry: A Review

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  • S H T, Kumudumali

Abstract

The outbreak of COVID-19, labeled as a black swan event, causes significant damage globally due to its fatality. The COVID-19 pandemic has expanded across the world by creating shocks in almost all the industries due to the restrictions, curfews, stay-home and work-from-home policies, and quarantines. As a result of the health and economic crisis with the COVID-19 pandemic, the tourism sector got severely affected. The UNWTO has estimated a loss of approximately 1.1 billion international tourist arrivals, with a loss of US$ 910 to 1.1 trillion export revenues and 100-120 million jobs due to the wider spread of the novel coronavirus. Therefore, this paper aims to determine the impact of the COVID-19 outbreak on the tourism industry on a global scale. The study focuses on all countries in the world and discovers the challenges they confronted in tourism and the strategies to overcome those challenges in the short- and long-term while minimizing the economic shocks due to the pandemic. The researchers use a secondary source of data due to the unavailability of essential data for further statistical analysis. The significant findings highlighted the negative impact of the Virus outbreak on the tourism industry and the decline of supporting sectors such as air travel and hospitality industry in a global context. The paper illustrated the adverse effects of COVID-19 on the tourism industry with data available. The findings will help to face challenges in the tourism industry, and strategies to overcome viral infections in the future are recommended.

Suggested Citation

  • S H T, Kumudumali, 2020. "Impact of COVID-19 on Tourism Industry: A Review," MPRA Paper 102834, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:102834
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    References listed on IDEAS

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    Cited by:

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    2. Ahmadisedigh, Hossein & Gosselin, Louis, 2022. "How can combined heating and cooling networks benefit from thermal energy storage? Minimizing lifetime cost for different scenarios," Energy, Elsevier, vol. 243(C).
    3. Rossi, Lorenzo & Casson Moreno, Valeria & Landucci, Gabriele, 2022. "Vulnerability assessment of process pipelines affected by flood events," Reliability Engineering and System Safety, Elsevier, vol. 219(C).
    4. Kohnert, Dirk, 2021. "Sur l'impact socio-économique des pandémies en Afrique : Leçons tirées du COVID-19, de la trypanosomiase, du VIH, de la fièvre jaune, du choléra," AfricArxiv uda5j, Center for Open Science.
    5. Schröder, M. & Abdin, Z. & Mérida, W., 2020. "Optimization of distributed energy resources for electric vehicle charging and fuel cell vehicle refueling," Applied Energy, Elsevier, vol. 277(C).
    6. Edwin Yingi, 2022. "Beyond the pandemic: Implications of COVID-19 on regional economic integration in Southern Africa," International Journal of Research in Business and Social Science (2147-4478), Center for the Strategic Studies in Business and Finance, vol. 11(2), pages 270-279, March.
    7. Negri, Camilla & Ricci, Marina & Zilio, Massimo & D'Imporzano, Giuliana & Qiao, Wei & Dong, Renjie & Adani, Fabrizio, 2020. "Anaerobic digestion of food waste for bio-energy production in China and Southeast Asia: A review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 133(C).
    8. Horesh, Noah & Quinn, Casey & Wang, Hongjie & Zane, Regan & Ferry, Mike & Tong, Shijie & Quinn, Jason C., 2021. "Driving to the future of energy storage: Techno-economic analysis of a novel method to recondition second life electric vehicle batteries," Applied Energy, Elsevier, vol. 295(C).
    9. Bartosz Orzeł & Radosław Wolniak, 2022. "Digitization in the Design and Construction Industry—Remote Work in the Context of Sustainability: A Study from Poland," Sustainability, MDPI, vol. 14(3), pages 1-25, January.
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    More about this item

    Keywords

    COVID-19; Economic shock; International tourism; Travel restrictions;
    All these keywords.

    JEL classification:

    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development
    • Z0 - Other Special Topics - - General

    NEP fields

    This paper has been announced in the following NEP Reports:

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