Impact of the COVID-19 crisis on European tourism

• Lucie Plzáková ^[2] ; Egon Smeral ^[1]
  1. [1] MODUL University Vienna

     MODUL University Vienna

     Innere Stadt, Austria

     
  2. [2] Czech Technical University in Prague

     Czech Technical University in Prague

     Chequia

     
• Localización: Tourism economics: the business and finance of tourism and recreation, ISSN 1354-8166, Vol. 28, Nº. Extra 1, 2022 (Ejemplar dedicado a: Post-COVID-19 Tourism Economics and Economic Geography Research), págs. 91-109
• Idioma: inglés
• Texto completo no disponible (Saber más ...)
• Resumen

  • The COVID-19 pandemic and the containment measures imposed damaged the world economy severely. As a consequence of the stringent restrictions on business and social life, as well as the consequent economic downturn, tourism demand has seen a unique dramatic slump in the year 2020. This study concentrates on analysing and forecasting demand for international travel of the euro area in terms of tourism imports. Starting out from a description of the key macroeconomic factors, it then analyses their effects on tourism demand and develops a forecast model using contemporary approaches considering asymmetric income elasticities of tourism demand. Scenarios are elaborated to project demand for foreign travel of the euro area until 2022.