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THE CRISIS IMPACT ON THE TOURIST BUSINESS DEVELOPMENT

Title:


THE CRISIS IMPACT ON THE TOURIST BUSINESS DEVELOPMENT


Authors:


Fedyshyn, Iryna
Maliuta, Liudmyla


Affiliation:

  

Ternopil Ivan Pul'uj National Technical University 56 Ruska str., 46001, Ternopil, Ukraine e-mail: ira.fedyshyn@gmail.com
Ternopil Ivan Pul'uj National Technical University 56 Ruska str., 46001, Ternopil, Ukraine e-mail: luda_mal@ukr.net


Bibliographic description: 


Fedyshyn, I. & Maliuta, L. (2020) Vplyv kryz na rozvytok turystychnoho biznesu [The crisis impact on the tourist business development]. Sotsialno-ekonomichni problemy i derzhava [Socio-Economic Problems and the State] (electronic journal), Vol. 22, no. 1, pp. 36-47. Available at: http://sepd.tntu.edu.ua/images/stories/pdf/2020/20fibrtb.pdf


Issue Date: 


jul-2020


Submitted date:


may-2020


Publisher:


Ternopil Ivan Puluj National Technical University


Identifier

ORCID: 


https://orcid.org/0000-0001-5531-4566
https://orcid.org/0000-0002-7569-9982


DOI:

 

UDC: 


https://doi.org/10.33108/sepd2020.01.036

 

338.48


JEL: 


F6
Z32


Keywords:

туризм
криза,
ризики
коронавірус
антикризове управління
туризм
кризис
риски
коронавирус
антикризисное управление
tourism
crisis
risks
coronavirus
anti-crisis management


Pages: 


12


Pages: 


36-47


Fist page: 


36


Last page: 


47


Abstract:

  

The purpose of this research is to analyze and assess trends of the tourism industry in the world, and in Europe in particular and study the impact of the crisis caused by the COVID-19 virus on the functioning of tourism and hospitality agencies and firms. The materials of official statistical data of Eurostat, OECD countries, UNWTO, reports of the Tourism and Resorts State Agency of Ukraine and State Border Guard Service of Ukraine were used. During the research it was found that globalization challenges, opportunities and threats associated with it are changing the way businesses operate, especially those working in the tourism, hotel and restaurant business. The instability of the world social and political situation, economic crises and slow recovery affect the distribution, production of goods and services, access to the necessary resources. Global development of the tourism sector during 2010-2019 and its impact on GDP of some countries is presented in the article. The characteristic of the tendency of change of the share of GDP formed in the field of tourism in the world from 2000 to 2019 and the list of the countries with the largest share of tourist incomes in GDP in 2019 are given in the article. An analysis of the tourism business at the beginning of 2020 and the impact of the COVID-19 coronavirus on its functioning are presented. It was found that in the first quarter of 2020 there was a decrease in international world tourist flows by 22%, the number of tourist flows in March of 2020 decreased by 57%. This has led to a loss of about $ 80 billion in tourism. The tourism industry has faced an unprecedented conflict of threats: on the one hand - fear for human health and life, and on the other - economic losses from quarantine measures, which lead to the impoverishment of individuals and entire nations. The situation is complicated by the fact that investment problems of leading industries have to be solved in a crisis conditions, when the freezing of funds for specific projects has a very negative impact on the efficiency of the entire economic system and, consequently, nation`s welfare. Proposals for anti-crisis management of tourist infrastructure facilities are given.


URI: 


http://elartu.tntu.edu.ua/handle/lib/34246


ISSN: 


2223-3822


Copyright owner:

 

Scientific Journal "Socio-Economic Problems and the State"


URL-releated material:


http://sepd.tntu.edu.ua/images/stories/pdf/2020/20fibrtb.pdf
https://www.statista.com/statistics/1109886/china-novel-coronavirus-covid-19-impact-on-air-travel-transactions-by-transaction-type/
https://skift.com/coronavirus-and-travel/
https://www.statista.com/statistics/1100368/countries-highest-gdp-travel-tourism/
https://www.statista.com/forecasts/1103426/covid-19-revenue-travel-tourism-industry-forecast
https://www.statista.com/statistics/1113479/poland-tourists-in-accommodation-establishments-by-region/
https://www.statista.com/statistics/1104835/coronavirus-travel-tourism-employment-loss/
https://www.statista.com/statistics/1099933/travel-and-tourism-share-of-gdp/
https://www.statista.com/topics/962/global-tourism/
https://www.statista.com/statistics/1113499/poland-tourist-spending-during-covid-19-by-region/
that Matter. Main Findings from the 2018. OECD Risks that Matter Survey. URL: https://www.oecd.org/els/soc/Risks-That-Matter-2018-Main-Findings.pdf
http://www.oecd.org/governance/48329024.pdf
https://tourlib.net/statti_ukr/kocan.htm


References: 


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2. Coronavirus and the Travel Industry. URL: https://skift.com/coronavirus-and-travel/.
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8. Business Data Platform “Statista”. Tourism worldwide - Statistics & Facts. URL: https://www.statista.com/topics/962/global-tourism/.
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14. Wenqin Fan, Weixian Dong Jie Luo The Causes of Financial Risk in Enterprises and Its Precaution. Global Finance Review, 2018. pp. 15-21.
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16. Kotsan N.N., Mazurets R.R., Khoruzhyna O.O. (2009) Rol turyzmu v rozvytku hotelnoho hospodarstva Ukrainy v konteksti intehratsii v yevropeisku ekonomiku [The role of tourism in the development of the hotel industry of Ukraine in the context of integration into the European economy]. Naukovyi visnyk Volynskoho natsionalnoho universytetu imeni Lesi Ukrainky. pp.378-382. Available at: https://tourlib.net/statti_ukr/kocan.htm (accessed 28 March 2020).
17. Markina I.A. (2014) Antykryzove upravlinnia turystychnymy orhanizatsiiamy i pidpryiemstvamy yak zasib formuvannia yikhnikh konkurentnykh perevah [Anti-crisis management of tourist organizations and enterprises as a means of forming their competitive advantages]. Problemy ekonomiky, № 2. pp. 205–210.
18. Mikhov L.I. (2015) Antykryzove upravlinnia pidpryiemstvamy sfery turystychno-rekreatsiinykh posluh [Anti-crisis management of enterprises in the field of tourist and recreational services]. Visnyk Berdianskoho universytetu menedzhmentu i biznesu, № 1. pp. 77-79.
19. Tulenkov N.V. (1998) Model menedzhmenta: tradytsyonnaia yly nastupatelnaia: Perspektyvnыi menedzhment sovremennoi orhanyzatsyy [Management model: traditional or offensive: Advanced management of a modern organization]. Personal, №2. pp. 41-45.


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Scientific Journal "Socio-Economic Problems and the State", Vol.22, No.1

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