Impact of the COVID-19 crisis on European tourism

Lucie Plzáková and Egon Smeral

Tourism Economics, 2022, vol. 28, issue 1, 91-109

Abstract: The COVID-19 pandemic and the containment measures imposed damaged the world economy severely. As a consequence of the stringent restrictions on business and social life, as well as the consequent economic downturn, tourism demand has seen a unique dramatic slump in the year 2020. This study concentrates on analysing and forecasting demand for international travel of the euro area in terms of tourism imports. Starting out from a description of the key macroeconomic factors, it then analyses their effects on tourism demand and develops a forecast model using contemporary approaches considering asymmetric income elasticities of tourism demand. Scenarios are elaborated to project demand for foreign travel of the euro area until 2022.

Keywords: asymmetric income elasticities; COVID-19 crisis; decline in tourism demand; international tourism; scenarios and forecasts for 2021 and 2022 (search for similar items in EconPapers)
Date: 2022
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Citations: View citations in EconPapers (9)

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Persistent link: https://EconPapers.repec.org/RePEc:sae:toueco:v:28:y:2022:i:1:p:91-109

DOI: 10.1177/13548166211031113

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