DIGITAL TRANSITION AND READJUSTMENT ON EU TOURISM INDUSTRY

Antonio Sanchez-Bayon ()

Studies in Business and Economics, 2023, vol. 18, issue 1, 275-297

Abstract: This is a heterodox review of Political Economy, Macroeconomics and Business Management on the readjustment effect in the tourism sector due to the impact of the digital transition and its aggravation with the COVID-19 crisis and the Ukraine war. A synthesis of the paradigmatic change with the digital economy and how it affects labor and professional relations is proposed, requiring a transformation of the economic system and the production process. Attention is focused on the tourism sector and its paradox in the European Union: despite its growing importance, however, its recognition and transformation is insufficient. This paradox is intensified in the Spanish case, where more European recovery funds are being allocated and yet the vulnerability of its SMEs and tourism entrepreneurs is growing.

Keywords: digital transition; readjustment effect; tourism industry; Small and medium-sized enterprises (SMEs); European Union (EU) (search for similar items in EconPapers)
Date: 2023
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