Impacts of the coronavirus pandemic on Europe's tourism industry: Addressing tourism enterprises and workers in the undeclared economy

Williams, Colin C.

doi:10.1002/jtr.2395

Cited by 108 publications

(98 citation statements)

References 31 publications

(27 reference statements)

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“…The right to travel and enjoy hospitality facilities has been restricted in way which was unprecedented since the world wars [6]. This situation has led to enormous revenue loss for tourism enterprises due to restrictions on movement [7], amplified by high uncertainty related to global travel restrictions [8]. The coronavirus outbreak also alters images of particular destinations, and may harm especially those suffering from high infection rates, while in contrast, can be beneficial for some other destinations [1].…”

Section: Introductionmentioning

confidence: 99%

Effect of the COVID-19 global pandemic on tourists’ preferences and marketing mix of accommodation facilities – case study from Czech Republic

Dušek

Cudlínová

2021

SHS Web of Conf.

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Research background: Two related effects of the COVID-19 global pandemic on tourism and hospitality in the Czech Republic are already evident for the upcoming summer months. In the first place, it is the effect on the Czech tourists’ preferences. The pandemic forced them to reconsider their plans and, as a result, it is evident that more tourists will spend summer only in the Czech Republic. This change in preferences is connected with a second effect, concerning the strategies of the domestic accommodation facilities - their managers should adapt marketing mix to meet the demand of Czech clients, because unlike the previous years, these tourists will become their main target group. Purpose of the article: The aim of the paper is to identify the preferences for summer holiday in 2020 of the Czech tourists who have decided to spend summer holiday only in the Czech Republic because of the COVID-19 global pandemic as well as to find out their wants in terms of accommodation facilities’ marketing mix. Methods: During spring 2020, a survey of 637 respondents was conducted to determine the preferences of the Czech tourists for summer holiday in 2020. This paper is focused on the analysis of data from respondents who decided to spend this year’s summer holiday only in the Czech Republic (a total of 202 respondents). Findings & Value added: Based on the results, we will define findings for accommodation facilities regarding the possible update of marketing mix to meet the actual demand of Czech tourists.

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Section: Introductionmentioning

confidence: 99%

Effect of the COVID-19 global pandemic on tourists’ preferences and marketing mix of accommodation facilities – case study from Czech Republic

Dušek

Cudlínová

2021

SHS Web of Conf.

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“…Insurance and subsidy programs for employees; support the survival of the hotel and airline industry [3,[13][14][15][16][17] Play the function of the informal sector Cooperation between the informal sector and government departments; provide microfinance; provide bank insurance [18,19] Prioritize actions Quick response to the tourism industry in crisis [13,15] Formulate public policy Prohibit or restrict the arrival of giant cruise ships and promote the development of small cruise ships; issue policies to support the aviation and hotel industry; government supervision of policy implementation [12,20,21] Table 5. Government crisis management: after the crisis.…”

Section: Financial Supportmentioning

confidence: 99%

“…However, government support currently depends on voluntary disclosure by companies. Williams [14] found that even if the government provides short-term financial support to the affected workers and enterprises, this can only offset the loss of income declared by the enterprises, employees, and self-employed individuals. Businesses, employees, and self-employed individuals in the undeclared economy will not receive this support.…”

Section: Conduct Recovery Marketingmentioning

confidence: 99%

The Impact of a Global Crisis on Areas and Topics of Tourism Research

Persson-Fischer

Liu

2021

Sustainability

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Tourism research has placed considerable emphasis on the pandemic and its impact, which is not surprising given the impact of the pandemic on tourism. However, what specifically do tourism scholars write about the pandemic and its consequences for tourism? What new insights does the literature on COVID-19 provide to guide our practice in sustainable tourism? The pandemic can be seen as a sustainability challenge. Dealing with the pandemic and other sustainability challenges like climate change will not require exactly the same remedies, but the same kind, building resilience, adaptivity, flexibility, collaboration, and co-creation. We thus argue that the literature on tourism and the pandemic may function as a “thermometer” of the way scholars view sustainability and tourism, and that exploring this literature gives us a space to reconsider our understanding of sustainable tourism. Therefore, we have conducted a literature review of the COVID-19 literature on tourism in 2020. A total of 87 articles, in 17 journals, from 4 databases were analyzed to explore how current scholars perceive COVID-19 and tourism, in light of sustainability perspectives. As a result, through the content analysis, this study has found six leading themes in COVID-19 and tourism and has provided valuable information with descriptive statistical analysis for its distributions by theory, methodology, and study area.

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“…Moreover, Government restrictions had an effect in businesses downturns and changes in consumer behaviour (Sheth, 2020). This new reality brought also opportunities for some business, as for example, a significantly strengthened of the online sales channels (Williams, 2020;Hao et al, 2020). However, in general, the economic activity has been disrupted.…”

Section: Introductionmentioning

confidence: 99%

Integration in Central European capital markets in the context of the global COVID-19 pandemic

Pardal

Dias

Šuleř

et al. 2020

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Research background: Covid-19 pandemic had a strong impact on the economy and capital market. In times of crisis, it is important for investors to be able to diversify their investment portfolio in order to mitigate risk. However, the growing trend towards capital market integration may make it ineffective. Research on financial integration, during the Covid-19 period, has started to develop, mainly in major global capital markets. It is, therefore, important to extend this research to other capital markets. The purpose of the article: This contribution aims to analyze financial integration in the stock indexes of the capital markets of Austria (ATX), Slovenia (SBITOP), Hungary (BUDAPEST SE), Lithuania (OMX VILNIUS), Poland (WIG), the Czech Republic (PX PRAGUE), Russia (MOEX) and Serbia (BELEX 15), in the context of the global pandemic (COVID-19). Methods: To measure the unit roots in the time series, we used ADF, PP, and KPSS tests, and Clemente et al. (1998) test to detect structural breaks. To ana-lyse financial integration, we applied the Gregory and Hansen integration test, and to validate the robustness of results, we use the impulse-response function (IRF) methodology, with Monte Carlo simulations, as they provide a dynamic analysis generated from the VAR model estimates. Findings & Value added: The results suggest very significant levels of integration, which decreases the chances of portfolio diversification in the long-term. Evidence shows 47 pairs of integrated stock market indexes (out of 56 possible). The stock indexes ATX, BUDAPESTE SE, BELEX 15 show financial integration with all other indexes. On the contrary, the index of OMX VILNIUS shows only 3 integrations. Results also show that most of the significant structural breaks occurred in March 2020. The analysis of the relationship between markets, in the short term, shows positive/negative co-movements, with statis-tical significance and with a persistence longer than one week.

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Impacts of the coronavirus pandemic on Europe's tourism industry: Addressing tourism enterprises and workers in the undeclared economy

Cited by 108 publications

References 31 publications

Effect of the COVID-19 global pandemic on tourists’ preferences and marketing mix of accommodation facilities – case study from Czech Republic

Effect of the COVID-19 global pandemic on tourists’ preferences and marketing mix of accommodation facilities – case study from Czech Republic

The Impact of a Global Crisis on Areas and Topics of Tourism Research

Integration in Central European capital markets in the context of the global COVID-19 pandemic

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