COVID-19 and gradual adjustment in the tourism, hospitality, and related industries

Mike Tsionas

Tourism Economics, 2021, vol. 27, issue 8, 1828-1832

Abstract: In this Note, we take up the problem of post-COVID-19 gradual adjustment in the industry as well as whether and to what extent opening with limited capacity might be feasible. We find that (i) reopening gradually requiring only nonnegative profits is quite feasible but (ii) reopening requiring the same level of profit as in the pre-COVID-19 period is considerably more difficult, and seems feasible by reopening at capacity near 33%. Lower capacities would require governmental subsidies which could vary considerably from hotel to hotel.

Keywords: COVID-19; dynamic analysis; gradual adjustment; tourism and hospitality (search for similar items in EconPapers)
Date: 2021
References: Add references at CitEc
Citations:

Downloads: (external link)
https://journals.sagepub.com/doi/10.1177/1354816620933039 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:sae:toueco:v:27:y:2021:i:8:p:1828-1832

DOI: 10.1177/1354816620933039

Access Statistics for this article

More articles in Tourism Economics
Bibliographic data for series maintained by SAGE Publications ().