GLOBAL TOURISM - A QUICK REBOUND AFTER THE PANDEMIC

Cosmin Virgil Tileaga
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Cosmin Virgil Tileaga: Lucian Blaga University of Sibiu

Revista Economica, 2023, vol. 75, issue 1, 91-99

Abstract: Even though the COVID 19 virus has negatively impacted travel and tourism throughout the world, the pandemic presents a chance to rebuild the industry with a sustainability-focused vision. The core of a vast economic ecosystem that significantly boosts income and job creation across all EU member states is the tourism industry. Most domestic and international travel has been halted because of the epidemic, which has significantly reduced income and caused liquidity issues for all tourist businesses. However, the figures seem decent. Is the tourist industry growing more quickly than we anticipated?Until the pandemic is declared finished, the days of planning holidays based on where we want to go or what tourist sites we want to visit are over. Instead, the field industry, as well as visitors, will be considerably more concerned with meeting certain personal demands. As a result, post-Covid tourism will be more concerned with the individual than with locations. People are expected to make far more deliberate decisions when faced with the urge to travel as well as the hurdles to satisfying that goal. Tourists will be less ready to compromise on their future vacations in the post-Covid age. They will have higher expectations of the services provided by the hotel business. And, to meet expectations, the hotel sector will need to focus its experiences, facilities, and services centered on wellness, health, and overall well-being.The crisis has provided a chance to use new technology, adopt green recovery measures, and transition to policies and business practices that better balance tourism environmental, social, and economic implications. Policymakers should use the opportunity to relaunch the tourist industry on a more solid, equitable, and sustainable foundation. The crisis, and the recovery strategies that are being implemented, represent a once-in-a-lifetime chance to transition to more sustainable and resilient tourist development models.

Keywords: Global Tourism; Tourism Rebound; COVID Tourism; Tourism Recovery; Tourism Management (search for similar items in EconPapers)
JEL-codes: L83 M10 M11 M16 M20 Z32 (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:blg:reveco:v:75:y:2023:i:1:p:91-99

DOI: 10.56043/reveco-2023-0008

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