Tourism Demand: Emerging Theoretical and Empirical Issues

Agbola, Frank W.; Doğru, Tarik; Gunter, Ulrich

doi:10.1177/1354816620956747

Cited by 12 publications

(8 citation statements)

References 7 publications

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The contribution of the tourism industry to the global economy in the past few decades has continued to increase and, for many countries, it has become the most active and fastest-growing sector of their economy (Agbola et al 2020). Its importance is manifested in the fact that it helps increase revenues (Alam and Paramati 2016), creates jobs (Habibi 2017), eliminates poverty (Blake et al 2008), develops infrastructure (Lee and Chang 2008), and promotes economic growth (Mariolis et al 2020).

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confidence: 99%

The impact of the COVID-19 outbreak on Chinese-listed tourism stocks

Lee

Xing

et al. 2021

Financ Innov

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This research explored the effects of the coronavirus disease (COVID-19) outbreak on stock price movements of China’s tourism industry by using an event study method. The results showed that the crisis negatively impacted tourism sector stocks. Further quantile regression analyses supported the non-linear relationship between the government’s responses and stock returns. The results present that the resurgence of the virus in Beijing did bring about a short-term negative impact on the tourism industry. The empirical results can be used for future researchers to conduct a comparative study of cultural differences concerning government responses to the COVID-19.

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The impact of the COVID-19 outbreak on Chinese-listed tourism stocks

Lee

Xing

et al. 2021

Financ Innov

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“…За складовою рівня безпеки туризму країна ввійшла до десятки країн з найнижчим рівнем безпеки, й зайняла 127 місце (The Travel & Tourism Competitiveness Report, 2017) 1 . В 2019 р. позиції країни покращились як у загальному рейтингу -78 місце (найбільший показник зростання у субрегіоні), так і за рівнем безпеки -107 місце (з індексом 4,8 із 7 можливих) (The Travel & Tourism Competitiveness Report, 2019) 2 .…”

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“…URL: https://www3.weforum.org/docs/ /WEF_TTCR_2017_web_0401.pdf (дата звернення: 10.10.2021). 2 The Travel & Tourism Competitiveness Report 2019. URL: https://www3.weforum.org/docs/WEF_TTCR_2019.pdf (дата звернення: 10.10.2021).…”

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“…сил туристичного попиту для розробки ефективних стратегій для розв'язання цих проблем (Agbola, Dogru, & Gunter, 2020).…”

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“…Загалом втрати туристичної галузі в Україні оцінюються у понад 1,5 млрд дол. США (Міністерство культури та інформаційної політики України, 2020) 2 .…”

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Threats to Economic Security of the Tourist Industry of Ukraine in the Conditions of Modern Challenges

Chvertko

Kyryliuk

2021

Social Economics

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The purpose of the article is to substantiate the patterns of tourism development in Ukraine, formed under the influence of threats to the economic security of the industry, and outline the measures, the implementation of which will overcome the existing negative trends. The article outlines the tourism industry of Ukraine, given the financial and socio-economic crises of recent years, political instability, the war in the east, and the spread of the COVID-19 pandemic, which pose threats and risks and affect the economic security of tourism, significantly loses of competition with other countries in the world. The survey proves that at the present stage, the key direction of modernization of the tourism sector is to ensure the safety of tourism by minimizing the impact of these threats on all participants in the tourism market and the industry as a whole. The conceptual apparatus of economic security of the tourism industry is characterized, threats to its stability and the ability of tourism enterprises to ensure stable results of activity and to occupy steady positions in the tourist market. Installed classification of factors threatening the economic security of the tourism industry on the basis of «level emergence» (megalevel, macrolevel, mesolevel). Generalized theoretical developments on counteracting threats and challenges to the economic security of the tourism industry by preventing and eliminating the impact of their negative effects on the development of this sector of the economy. The authors analyze the influence of external and internal destructive factors on tourism development. We found that modern threats have created conditions of increased risk in the tourism industry of Ukraine, which has led to a reduction in external tourist flows and contributed to the growth of demand for domestic tourism, which is less dependent on external factors. The authors of the article identified the need to form a special system for managing threats to the economic security of the tourism industry, both at the national level and at the level of individual tourism entities. The article substantiates that the set of circumstances created by the COVID-19 pandemic determined the emergence of new threats and dangers to the effective operation of the tourism industry. This necessitates a solution to the problem of ensuring a sufficient level of security for the development of tourism in the conditions of modern challenges. Research determines that in resolving a wide range of issues related to tourism development and ensuring its safety, an important role is given to the consolidated work of government agencies, the public, and businesses. It is proved that overcoming the existing negative trends in tourism, which were formed under the influence of threats to its economic security, will be possible with the active use of innovations, among which special attention should be paid to digital technologies and the information positioning of tourism in cyberspace.

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