The Socio-Economic Implications of Tourism Sharing Economy

The COVID-19 pandemic has revolutionized the global economic map and the economic patterns which were anticipated to be a catalyst for the economic and developmental advancement of contemporary societies. It has consolidated the vigorous role of numerous economic connotations and systems that are co...

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Main Authors: Mohamed Ramadan Ragab Abdelhady, Fatma Shaban Sayed Ameen
Format: Article
Language:English
Published: Istanbul University Press 2022-12-01
Series:Journal of Tourismology
Subjects:
Online Access:https://cdn.istanbul.edu.tr/file/JTA6CLJ8T5/116DC50D780D42DFAF7D5929F8FDB033
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author Mohamed Ramadan Ragab Abdelhady
Fatma Shaban Sayed Ameen
author_facet Mohamed Ramadan Ragab Abdelhady
Fatma Shaban Sayed Ameen
author_sort Mohamed Ramadan Ragab Abdelhady
collection DOAJ
description The COVID-19 pandemic has revolutionized the global economic map and the economic patterns which were anticipated to be a catalyst for the economic and developmental advancement of contemporary societies. It has consolidated the vigorous role of numerous economic connotations and systems that are considered outdated. The sharing economy is on the topmost of those economic systems as a substantial economic and social transformation. It is considered one of the historically fastest-growing trade tendencies. The study’s primary objective was to estimate the magnitude of national income generated by tourism-related sharing activities and the magnitude of sharing-based national investments. A qualitative technique was used as the research methodology in this study. A sample of 510 Egyptian tourism-sharing service providers and tourists who received tourism services in Egypt under one of the sharing economy systems participated in a mixed electronic questionnaire. The significant findings revealed that the national tourism income accomplished in 2021 through tourism sharing economy is predestined to be 1% (EGP10 billion) of Egypt’s national income, and is anticipated to increase to EGP 177 billion by 2035.
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spelling doaj-art-93576d0eaa9c4ebb89a820d9e4b768562025-08-20T02:15:59ZengIstanbul University PressJournal of Tourismology2459-19392022-12-018235136610.26650/jot.2022.8.2.1104727123456The Socio-Economic Implications of Tourism Sharing EconomyMohamed Ramadan Ragab Abdelhady0https://orcid.org/0000-0002-3998-3126Fatma Shaban Sayed Ameen1https://orcid.org/0000-0002-1839-3063Fayoum University, Fayoum-City, EgyptFayoum University, Fayoum-City, EgyptThe COVID-19 pandemic has revolutionized the global economic map and the economic patterns which were anticipated to be a catalyst for the economic and developmental advancement of contemporary societies. It has consolidated the vigorous role of numerous economic connotations and systems that are considered outdated. The sharing economy is on the topmost of those economic systems as a substantial economic and social transformation. It is considered one of the historically fastest-growing trade tendencies. The study’s primary objective was to estimate the magnitude of national income generated by tourism-related sharing activities and the magnitude of sharing-based national investments. A qualitative technique was used as the research methodology in this study. A sample of 510 Egyptian tourism-sharing service providers and tourists who received tourism services in Egypt under one of the sharing economy systems participated in a mixed electronic questionnaire. The significant findings revealed that the national tourism income accomplished in 2021 through tourism sharing economy is predestined to be 1% (EGP10 billion) of Egypt’s national income, and is anticipated to increase to EGP 177 billion by 2035.https://cdn.istanbul.edu.tr/file/JTA6CLJ8T5/116DC50D780D42DFAF7D5929F8FDB033sharing economyairbnbubergdpp2pegypt
spellingShingle Mohamed Ramadan Ragab Abdelhady
Fatma Shaban Sayed Ameen
The Socio-Economic Implications of Tourism Sharing Economy
Journal of Tourismology
sharing economy
airbnb
uber
gdp
p2p
egypt
title The Socio-Economic Implications of Tourism Sharing Economy
title_full The Socio-Economic Implications of Tourism Sharing Economy
title_fullStr The Socio-Economic Implications of Tourism Sharing Economy
title_full_unstemmed The Socio-Economic Implications of Tourism Sharing Economy
title_short The Socio-Economic Implications of Tourism Sharing Economy
title_sort socio economic implications of tourism sharing economy
topic sharing economy
airbnb
uber
gdp
p2p
egypt
url https://cdn.istanbul.edu.tr/file/JTA6CLJ8T5/116DC50D780D42DFAF7D5929F8FDB033
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