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Total contribution of Travel and Tourism to GDP (source: authors according to World Travel and Tourism Council, 2021)
Source publication
Purpose – The paper evaluates the applied macroprudential measures in selected countries by testing their efficiency in tourism and reducing the revenue gap in tourism sector during the pandemic crisis.
Research methodology – The effects of macroprudential policy were tested using the Granger causality test and PVAR model. The research used data f...
Contexts in source publication
Context 1
... implements a classic tourist model of "sun and sea" with a seasonal concentration on coastal areas. Before the pandemic caused by COVID 19 the share of foreign exchange income of tourism activities was approximately 24% of the country's GDP, and after the pandemic shock, it fell to 10% of GDP (see Table 2). The World Bank (2022) shows that 60.021.000 ...Context 2
... tourism is a growing economy-leading service sector offering sun, sea, and sand (Papatheodorou & Arvanitis, 2014). The contribution of the Greek tourism industry in total GDP in 2019 was 20% while in 2020 this percentage fell to 8.7% (see Table 2). International arrivals of tourists according to The World Bank (2022) in 2019 amounted 34.005 000, while in 2020 arrivals fell drastically to 7.406.000 ...Context 3
... key pillar of Cyprus's economy is tourism where tourism supply focuses on the "sun and sea" policy. Dependence on tourism is also evident in the share of foreign exchange income of the country where Cyprus recorded a total of 14% in 2019, and in the following pandemic year this percentage fell to 3.7% (see Table 2). ...Context 4
... arrivals in 2019, while in 2020 only 718.000 were recorded. The contribution of tourism to state GDP in 2019 was 15.9% while in 2020 Maltese tourism recorded a 5.4% (see Table 2). ...Context 5
... strong link between Portuguese culture, the country's geographical location and history is positively reflected through international tourist arrivals (OECD, 2020a). In 2019, the share of foreign exchange income generated from tourism was 17% of GDP, while in 2020 this percentage fell by more than half (see Table 2). According to the World Bank (2022), international arrivals of tourists in 2019 recorded 17.283.000 ...Context 6
... driver of Spain's economic and social development is tourism (OECD, 2020b), with using heritage as new proximity tourism routes ( Martínez-Hernández et al., 2021). The share of foreign exchange income generated from tourism in 2019 amounted 14% of GDP, while the following year it recorded a big drop to only 5% (see Table 2). According to The World Bank (2022), in 2019, the international tourist recorded 126.170.000, while in 2020, recorded only 36.410.000 ...Context 7
... is evident that tourism contributes in south and southern-eastern European countries in a significant way and provides a significant number of beneficial economic impacts on the country. The selected EU countries have been putting huge effort to increase tourism supply and they are focused on increasing the flow of visitors ( Đorđević et al., 2017 Table 2 presents data for selected countries. ...Similar publications
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Citations
... The researchers pointed to the need to develop long-term strategies to minimise losses and restore the tourism sector after crisis episodes. P. Popek Biškupec et al. (2022) joined the discussion on macroprudential measures to mitigate the impact of such crises on tourism. Their study examined regulatory and policy initiatives that can be leveraged to stabilise the tourism market in times of economic uncertainty. ...
Choosing the best strategy for the functioning of a tourism enterprise is a considerable factor that affects its safety and development. Such choices depend on a considerable number of variables, including environmental, economic, and legal challenges, which are exacerbated by the hyper-dynamic environment. The purpose of this study was to develop a methodical approach to evaluating the strategies of functioning of a tourism enterprise. The key research methods were the expert analysis method, which helped to determine the impact of certain challenges, and the BOCR method, which formed the basis for modelling. The study created a model for evaluating the proposed two variants for the strategy of functioning of a tourism enterprise according to the four BOCR criteria: positive effects, costs, opportunities, and risks of environmental, economic, and legal nature. Thus, it was possible to create a basis for building an information framework for the development and implementation of an optimised strategy that will satisfy all the environmental, economic, and legal needs of the modern tourism industry. It was found that martial law in Ukraine leads to an increase in the dynamism of the external environment, wherein an adaptive approach allows such open socio- economic systems as modern tourism enterprises to function safely. The study found that the best strategy for tourism enterprises as of 2024 is a dynamic adaptive one, which involves dynamic actions and allocation of own resources for the development of domestic tourism with the expansion of international corporate cooperation and partnership. The study described how the proposed strategy of operation affects the legal security of tourism enterprises. The practical value and significance of the findings obtained is that the proposed methodological approach to assessing the strategies of functioning of a tourism enterprise can be used by the subjects of both economic and legal security, which include the management of the enterprises themselves and persons making managerial decisions in the field of ensuring their security
... Besides, impulse response showed the significant impact of SIB on revenue gap (RG) reduction, enabling policymakers to promote appropriate measures for recovery policies and to maintain long-term economic stability. These outcomes are promising to guide the design of exclusive measures that support the tourism recovery and the environmental sustainability of the whole tourism industry (Biškupec et al, 2022). ...
Climate change mitigation in the tourism sector is expanding research areas due to the importance of this sector and its rapid expansion. Aviation's contribution was found to be the most important source of GHG emissions from tourism. Also, the hospitality sector contributes a lot to GHG emissions in tourism destinations. Hospitality, constituting an essential component of the tourism industry, is a sector that has a high potential to reduce GHG and use of energy and water resources. Therefore, it is important to monitor the climate change mitigation performance of tourism destinations to achieve decarbonization of the tourism sector. The main objectives of this paper are to develop indicators of climate change mitigation performance of tourism destinations based on GHG indicators for the transport and hospitality sectors and apply this framework to assessment and ranking based on climate change mitigation performance of 4 main EU geographical regions as tourism destinations: Central, Northern, Southern, and Western Europe. This paper's main methodological approach is comparing and ranking different geographical regions in the European Union by assessing their climate change mitigation performance as tourist destinations. The study's main results showed that Finland, representing North Europe, is the best-performing country in climate change mitigation in tourism destinations. The second-best-performing geographical region is Western Europe. The worst-performing EU region based on climate change mitigation in tourism destinations was Central Europe. The South Europe region was found to be in a slightly better position than Central Europe but worse in comparison with Western Europe and especially in comparison to Northern Europe. The study's main implications provide policy recommendations for Central Europe as a tourism destination to increase energy and water use efficiency and the carbon footprint of the tourism sector.
Transportation has demonstrated its hegemonic position in the aftermath of the pandemic. In fact, despite the paralysis of many industries, transportation has continued its activity, demonstrating its value and resilience. As a result, it is one of the sectors with the more significant presence in global economies. Therefore, this research analyzes the thematic evolution of the relationship between transportation and the economy through scientific mapping and performance analysis. For this purpose, a study was carried out with all articles published on the Web of Science from 1900 to June 2022. The concurrence of authors, journals, research centers, keywords, documents, countries, and h-index was analyzed. SciMat and VOSviewer were used for insertion, de-duplication, normalization, categorization, analysis, interpretation, and graphical representation.The results have shown that, during periods of crisis such as the last pandemic, scientific production increases and the number of topics also doubles. However, sustainability, environment, and impact studies are the driving themes, so future lines of research may focus on different aspects or delve into relationships that do not only measure the economic and environmental impact of a transport infrastructure.
During the last decades, the deepening of globalisation has led to an intensification of two forms of international human mobility – tourism and migration. Considering the high proportion of migrant workers in the tourism industry, migration’s possible negative or positive impact on international tourism comes to the forefront. The current article aims to explore the influence of migration, including labour migration, on tourism flows and the impact of tourism flows and migration on the labour market both in donor and host countries. The statistical basis of the analysis was the annual panel data on labour market and tourism indicators for selected EU member states. We have built three panel data econometric models on 17 member states of the European Union on the data from 2005 to 2019. The results suggest that migration and labour migration are significant factors for international tourism and the labour market, with immigration positively impacting both the tourism industry and labour market. At the same time, emigration has a negative effect mainly due to the possible “brain drain” in the donor countries. On the other hand, international tourism has a strong positive influence on the labour market, providing strong evidence for the phenomena of migration-led tourism in the selected member-states of the European Union. Our primary assumption in this regard is that immigration and labour migration contribute to the increase in international tourism arrivals through VFR tourism and cultural enrichment of the destination countries. The current study contributes to the modern research on the interconnections between labour market and tourism. Policy makers can use the results to improve labour market and tourism conditions.
The tourism industry is one of the priorities. Each country in a represented tourism industry reflects its unique natural resources and cultural and historical heritage. These components are used to form a tourism brand. Thus, to assess a tourism brand, it is necessary to use a comprehensive methodology aimed at defining the impact of factors on the attractiveness of the tourism brand, which allows to analyze and identify those factors that positively and negatively affect the level of tourism brand and need strengthening or leveling. The issue is becoming increasingly important in the field of tourism. Given these facts, the article aims to develop a scientific and methodological approach to modeling the assessment of the impact of factors on the attractiveness of a country's tourism brand and formulate recommendations for improving a country's tourism brand management. The construction of the model is based on the analysis and calculation of statistical data using the method of calculating the integrated indicators. Based on the study, the components have been analyzed, and integrated indicators for assessing the impact of factors on the attractiveness of the country's tourism brand have been calculated. The appropriate methodology has been tested in the case of Ukraine.
