The Covid-19 Pandemic Impact on the Saudi Arabia Tourism Sector: An Accountancy Approach

Seraj Bahrawe, Mohammed Abulkhair and Sami Mensi

Bulletin of Applied Economics, 2023, vol. 10, issue 2, 107-125

Abstract: The article aims to determine the impact of the COVID-19 outbreak on the tourism industry in the world and in the Kingdom of Saudi Arabia. It adopts the financial data of listed companies in Saudi Arabia and uses the synthetic index compilation method to compile an accounting index that captures the period before and during the COVID-19 outbreak and measures the impact of the COVID-19 on the tourism sector. From this article, we recommend the appropriate policies to re-launch some tourism activities within the after COVID-19 period. It will be crucial to restore all types of travel, and domestic and international flights, improve direct and indirect employment and the recovery of many related business as travel agencies, hotels, and airline companies, which allow for economic and social benefits.

Keywords: COVID-19 Pandemic; Tourism Sector; Accountancy Approach, KSA. (search for similar items in EconPapers)
JEL-codes: I3 L8 (search for similar items in EconPapers)
Date: 2023
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