ECONOMICAL – FINANCIAL CRISIS AND THE TOURISM TRENDS IN THE CRISIS PERIOD

Cosmin Tileaga (), Oana Nitu and Claudiu Valentin Nitu
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Oana Nitu: "Ovidius" University, Constanta, Romania
Claudiu Valentin Nitu: Dimitrie Cantemir Christian Uniersity, Bucharest, Romania

Studies in Business and Economics, 2015, vol. 10, issue 1, 146-155

Abstract: Challenges generated by the global economic crisis, terrorism, epidemics, wich therefore directly affected global tourism industry, raised the global question to approach the tourism in a new vision, more complex. Thus, WTO and the World Travel & Tourism Council considered that this will be important condition for the reception destinations and local communities development. The new tourism ventures to include a new dimension of travel and tourism, as a mature response to a world more complicated. Global awareness of the importance of tourism has triggered a new vision on the opportunities offered by global tourism.This article provides information on the latest statistics on tourism in the European Union (EU). The tourism is an important sector due to its economic potential, employment of labor and its social and environmental implications. Tourism statistics are used to monitor not only EU policies in tourism but also regional policy and sustainable development policy. The role of tourism, for both business and citizens, has grown considerably in recent decades. According to the estimates of DG Enterprise and Industry of the European Commission, tourism accounts for over 5% of the EU-27 GDP. Tourist accommodation sector provides 2.3 million jobs in the EU-27 and the total number of jobs in the entire tourism sector in the EU-27 is estimated to be between 12 and 14 million people (according to preliminary estimates of tourism satellite accounts).

Keywords: tourism; economic and financial crisis; globalization; finance; tax system (search for similar items in EconPapers)
Date: 2015
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