CURRENT STATE OF TOURISM BUSINESS IN EUROPEAN COUNTRIES AND ITS TRENDS

Keywords: inbound tourism, dependence on tourism, excessive dependence, invisible export, direct contribution to total export, coronavirus pandemic.

Abstract

The article analyzes the impact of the tourism sector in European countries such as Malta, Croatia, Iceland, Switzerland and Cyprus. The key indicators of inbound tourism are considered: direct contribution to employment, the share of tourism services of countries in the structure of total exports, in the export of services specifically, tourist expenses inside countries. The most dependent on inbound tourism countries are characterized. The list of negative consequences they get during coronavirus pandemic are researched. The reaction of the tourism market to the active spread of coronavirus infection around the world has been investigated. The sequence of actions of the authorities to reduce the sickness within the country is also analyzed: in particular, the closure of borders and stopping of tourist flows inside countries. The main niches of the tourism business, which suffer the greatest losses, are highlighted. The help from the authorities, which is provided to airlines, hotels, travel agencies and other entrepreneurs, which are forced to stop their activities during quarantine, is also described. It is noted, that small economies of European countries are mostly excessively dependent on one economic sphere in the international market. Such dependence puts national economies at great risks of influence from outside, as well as difficulties in managing it during crisis periods. The ways to overcome the problem of excessive dependence are proposed by authors.

References

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Published
2020-07-09
How to Cite
Korinnyi , S. O., & Tsyhanok , K. (2020). CURRENT STATE OF TOURISM BUSINESS IN EUROPEAN COUNTRIES AND ITS TRENDS. Bulletin of Zaporizhzhia National University. Economic Sciences, (2 (46), 65-70. Retrieved from http://journalsofznu.zp.ua/index.php/economics/article/view/366
Section
Theoretical and applied aspects of economic processes in Ukraine and in the worl