Mitigating Risk of the Tourism Sector in the European Union Member States During the COVID-19 Pandemic

Anna Bera, Karolina Drela, Agnieszka Malkowska and Anna Tokarz-Kocik

European Research Studies Journal, 2020, vol. XXIII, issue 4, 107-122

Abstract: Purpose: The article presents, in a multidimensional perspective, the instruments applied in EU member states to mitigate the effects of the COVID-19 pandemic in the tourism sector. Design/Methodology/Approach: Research conducted in the article was based on secondary data. Research methods applied in the paper include critical review of literature, method of comparative analysis and secondary data analysis. Findings: The outcome of the article is the identification of actions undertaken in EU member states to support the tourism sector and original elaboration on the scheme of instruments used by EU authorities and countries in order to limit the epidemic risk in tourism. Practical Implications: The analysis and evaluation carried out in the article demonstrated that risk management in EU member states’ tourist sectors at the time of pandemic requires integrated protective measures. The results may be used to develop a long-term strategy for the EU’s tourism sector and programmes for prevention of crisis outcomes in other sectors of the economy as well. Originality/value: In the perspective presented herein, issues related to the epidemic risk in the tourism sector, discussed in the article, have not been the subject of scientific analyses in domestic or foreign literature.

Keywords: Risk; risk management; tourism; financial instruments; operational instruments; pandemic; COVID-19; European Union. (search for similar items in EconPapers)
JEL-codes: H12 H71 I15 L83 Z30 Z32 (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (7)

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Persistent link: https://EconPapers.repec.org/RePEc:ers:journl:v:xxiii:y:2020:i:4:p:107-122

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