THE ECONOMIC-FINANCIAL AND SOCIAL EFFECTS OF THE PANDEMIC ON TOURISM
Affected by high debt, online competition and geopolitical uncertainty, global tourism has been hit hard by the coronavirus pandemic crisis, halting traffic and staggering the lockdown of all countries. This paper analyzes the factors that caused tourism to collapse in 2020 and implicitly precarious...
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| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
University of Agricultural Sciences and Veterinary Medicine, Bucharest
2021-01-01
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| Series: | Scientific Papers Series : Management, Economic Engineering in Agriculture and Rural Development |
| Online Access: | https://managementjournal.usamv.ro/pdf/vol.21_2/Art72.pdf |
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| Summary: | Affected by high debt, online competition and geopolitical uncertainty, global tourism has been hit hard by the coronavirus pandemic crisis, halting traffic and staggering the lockdown of all countries. This paper analyzes the factors that caused tourism to collapse in 2020 and implicitly precarious economic effects. Romania will be the country studied for analysis, even if the direct contribution of tourism to GDP was 2.70% (2019) and total contribution (direct and indirect) of 5.2% (2019). The key questions posed are those related to the search for means to return to normalcy and to find ways to recover the hospitality industry |
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| ISSN: | 2284-7995 2285-3952 |