scholarly journals ANALYSIS OF TRENDS IN THE DEVELOPMENT OF THE TOURISM SECTOR TAKING INTO STATISTICAL ACCOUNTING AND REPORTING

2021 ◽  
Author(s):  
Dina Turina
Keyword(s):  
Global Economy ◽  
Negative Impact ◽  
Tourism Industry ◽  
The State ◽  
Accounting System ◽  
Tourism Sector ◽  
Macroeconomic Indicators ◽  
Travel Industry ◽  
Effective Development ◽  
The Impact

The article deals the analysis of trends in the development of the tourism sector in modern conditions, taking into account statistical information and the impact of coronavirus on the tourism industry. It is determined that the tourism industry is important for the development of the state. The article identifies trends, threats, problems, challenges, risks and subjects as the main factors in the development of tourism in Ukraine. It is noted that the further development of tourism will ensure the realization of the socio-economic potential of the state in the short and strategic perspective. Also the effective development of the tourist complex depends on the availability of modern accounting systems, statistical observation, a systematic approach to the organization of which allows meeting the needs of authorities, specialists and society as a whole in sufficient and reliable information in the field of tourism. In addition, statistical indicators are needed to develop macroeconomic indicators: consumption, spending, investment, income, employment. Over the past 70 years, tourism has become a powerful sector of the global economy. Influencing key sectors of the economy, tourism is increasingly becoming one of the most important indicators of socio-economic development of both individual regions and the country as a whole. But with the spread of the coronavirus, the travel industry is at risk. Analyzed statistical data on the number and cost of sold tour packages, the number of served tourists, and so on. It should be noted that during the pandemic, it was tourism that suffered more than other industries, including due to border closures, air travel bans, quarantine measures, and the like. At the same time, UNWTO underlines the historical resilience of tourism and the ability to create jobs in the aftermath of crises, while also highlighting the importance of international cooperation and ensuring that this sector becomes a central part of recovery efforts. Practical proposals for overcoming the crisis are presented, the implementation of which will reduce the level of negative impact of the consequences of the pandemic on the economy of the tourism industry in Ukraine and the main directions for improving the statistical accounting system.

scholarly journals The impact of the COVID-19 outbreak on Chinese-listed tourism stocks

2021 ◽  
Vol 7 (1) ◽  
Author(s):  
Wenmin Wu ◽  
Chien-Chiang Lee ◽  
Wenwu Xing ◽  
Shan-Ju Ho
Keyword(s):  
Stock Returns ◽  
Cultural Differences ◽  
Stock Price ◽  
Negative Impact ◽  
Tourism Industry ◽  
Regression Analyses ◽  
Short Term ◽  
Tourism Sector ◽  
Event Study Method ◽  
The Impact

AbstractThis research explored the effects of the coronavirus disease (COVID-19) outbreak on stock price movements of China’s tourism industry by using an event study method. The results showed that the crisis negatively impacted tourism sector stocks. Further quantile regression analyses supported the non-linear relationship between the government’s responses and stock returns. The results present that the resurgence of the virus in Beijing did bring about a short-term negative impact on the tourism industry. The empirical results can be used for future researchers to conduct a comparative study of cultural differences concerning government responses to the COVID-19.

scholarly journals Regional tourism infrastructure development in the state strategies

2018 ◽  
Vol 16 (4) ◽  
pp. 259-274 ◽  
Author(s):  
Mariana Petrova ◽  
Nadiya Dekhtyar ◽  
Oleksii Klok ◽  
Olha Loseva
Keyword(s):  
Development Strategy ◽  
Global Economy ◽  
Tourism Development ◽  
Development Program ◽  
World Market ◽  
Tourism Industry ◽  
The State ◽  
Infrastructure Development ◽  
The World ◽  
Macroeconomic Indicators

Purposeful and reasonable state vision of the long-term tourism development strategy determines the success of a country in the world market of tourist services. Many countries have officially approved program documents that clearly outline the main goals and objectives of the state policy in the sphere of tourism, highlighting the resource potential, recreational infrastructure and preferred consumer markets, but there may be no idea of respecting the interests of domestic consumers. The maintenance of local tourism infrastructure is becoming an increasingly important prerequisite for the country’s competitiveness, as mass tourism is now replaced by individual travels. The article is aimed at studying the dependencies between the main macroeconomic indicators of the tourism industry, assessing the efficiency of foreign trade. The correlation-regression and cluster analysis has been used in order to confirm or refute the hypothesis if the effectiveness of the state support of the national tourism industry is dependent on the stable functioning of the domestic tourism market, e.g. stimulation of travels by residents. Based on the main macroeconomic indicators of the tourism industry for 136 countries of the world and overview of some national tourism development program, the analysis output has rejected the direct correlation between the support of the domestic market and export potential of the national tourism industry, but has proved the significance of the inner consumer power during the periods of downturns in the global economy for strengthening the country’s export potential.

THE IMPACT OF COVID19 IN TOURISM SECTOR

2021 ◽  
pp. 61-63
Author(s):  
Vindhya P J ◽  
Ranjini R. Varma
Keyword(s):  
Global Economy ◽  
Foreign Currency ◽  
Tourism Industry ◽  
Good Growth ◽  
Social Distancing ◽  
Travel And Tourism ◽  
Global Recession ◽  
Tourism Sector ◽  
Travel Restrictions ◽  
The Impact

The tourism industry generally incorporates many industries including lodging, transport, travel companies etc. globally, travel and tourism directly contributed approximately. The tourism sector has been considered as a good growth of the economy. Global tourism is an invisible export that creates a ow of foreign currency into the economy. Unexpected conditions of global recession emerged, travel restrictions, lockdowns and social- distancing. Thus, it is understood that the impact of covid-19 pandemic has effect the tourism sector. This study is mainly conducted in order to nd out how deep the impact of covid-19 pandemic has effect the tourism industry in general and in India as well. Hence, there is no doubt that the global economy need to come out of this pandemic as soon as possible. Experts has emphasized on the need and potential to tap domestic tourism and thereby make use of its forward as well as backward linkages to stimulate the economic indicators. The travel and tourism industry sector requires constructing the approach by introducing the essential measures like, social distancing, wearing mask when stepping out, changing people's social behavior. The capitalizing on safety and hygiene would reassure customers in availing their services.

scholarly journals Covid-19 pandemic and global tourism

2020 ◽  
Vol 8 (2) ◽  
pp. 79-88
Author(s):  
Stevan Luković ◽  
Dragan Stojković
Keyword(s):  
Global Economy ◽  
Negative Impact ◽  
Relevant Literature ◽  
Tourism Industry ◽  
Crisis Events ◽  
Important Health ◽  
Global Tourism ◽  
Research Goal ◽  
Almost All ◽  
The Impact

The tourism industry represents a significant part of the global economy. However, tourism demand is very sensitive to crisis events, such as economic crises, epidemics, pandemics, natural disasters and terrorist attacks. Regarding this, the primary research goal of the paper is to analyze the impact of the Covid-19 disease on global tourism. During 2020, in order to prevent further spread of this contagious disease, almost all countries in the world have introduced a ban on movement, closing of borders and other important health measures. The review of the relevant literature provided in the paper shows that the introduced measures have a negative impact on the global hospitality, travelling and tourism industry.

scholarly journals The impact of quarantine due to COVID-19 pandemic on the tourism industry in Lviv (Ukraine)

2020 ◽  
Vol 18 (2) ◽  
pp. 194-205
Author(s):  
Mykhailo Rutynskyi ◽  
Halyna Kushniruk
Keyword(s):  
Negative Impact ◽  
Tourism Industry ◽  
World Heritage Site ◽  
Economic Losses ◽  
Heritage Site ◽  
Unesco World Heritage Site ◽  
Tourism Sector ◽  
The Impact ◽  
The City

The global crisis caused by COVID-19 pandemic and the introduction of long-term international quarantine measures have had a very negative impact on the tourism industry. The paper aims to analyze the sectoral losses of the tourism industry during quarantine due to the COVID-19 pandemic in Lviv, a city whose historical center is included in the UNESCO World Heritage Site. The article highlights the potential of the tourism industry before the introduction of quarantine measures, as well as using extrapolation methods estimates the economic losses of the tourist industry of Lviv in the conditions of long-term quarantine. Besides, the anti-crisis measures of the city authorities to minimize the impact of quarantine due to COVID-19 pandemic on the tourism industry of Lviv are described. Based on a statistical analysis of the forecasted economic losses, it is recommended that city authorities abolish some local taxes and fees in the tourism sector to restore its potential as soon as possible.

scholarly journals THE STATE OF THE FINANCIAL MARKET OF UKRAINE DURING THE PANDEMIC COVID-19 AND THE REALITIES OF TODAY

2021 ◽  
Author(s):  
Nataliia Tataryn ◽  
Renata Kolba
Keyword(s):  
Exchange Rate ◽  
Financial Market ◽  
Foreign Currency ◽  
Negative Impact ◽  
Black Spot ◽  
Well Being ◽  
The State ◽  
Financial Flows ◽  
Macroeconomic Indicators ◽  
The Impact

In the article, it is feasible to analyze the impact of the coronavirus on the financial sector of Ukraine as of 2021. The pandemic has become a real test both for the financial market of Ukraine and for the entire economic situation of our country. In particular, the first part analyzed the impact of the pandemic on the main macroeconomic indicators of the market. We determined that during the period from sowing to May last year, Ukraine's GDP decreased by five points, which negatively affected macroeconomic indicators and the general well-being of our population. The next one analyzed the macroeconomic indicators characterizing the state of the Ukrainian market, experienced the greatest float of COVID-19. We have determined that wages have undergone a sharp cut, which has decreased by 10% over several months. The next was the analysis of the inflation index, which increased during the quarantine period in March, but since April 2020 it has begun to file, due to the end of strict quarantine restrictions. The impact of the coronavirus on the exchange rate was also studied, which in April 2020 the dollar exchange rate began to fall, but since June we have seen its rapid growth. Next, we analyzed the NBU's foreign exchange interventions, it can be seen that in July 2020 the NBU began selling foreign currency to support the national hryvnia exchange rate. In general, during the quarantine period, the NBU sold $ 1,160,000,000 in order to support the hryvnia. Enterprises in connection with punishing them with restrictions were forced to issue stocks and bonds in order to stay afloat. As a result, we can safely say that the coronavirus epidemic had a negative impact on the financial market of Ukraine and left a "black spot" on the economy of our state. It can be concluded that the situation with the pandemic does not bode well not only for the Ukrainian market, but also for the economy as a whole, and if this virus continues to develop, the hryvnia exchange rate may collapse. To date, the consequences of the infection have caused a serious disruption in the Ukrainian economy. In this situation, one can only hope that Ukrainian exports will grow in positive dynamics, which will allow our state to receive stable financial flows in foreign currency and in accordance with strengthening its own rate.

scholarly journals The Impact of Climate Change on Tourism: A Causality Analysis

2020 ◽  
Vol 8 (2) ◽  
pp. 515
Author(s):  
Murat Atasoy ◽  
Filiz Guneysu Atasoy
Keyword(s):  
Climate Change ◽  
Carbon Dioxide ◽  
Climatic Change ◽  
Methane Emission ◽  
Negative Impact ◽  
Carbon Dioxide Emission ◽  
Tourism Industry ◽  
Long Run ◽  
Tourism Sector ◽  
The Impact

Tourism industry is one of the primary sectors that contribute to economic growth of countries worldwide. Since it requires appropriate weather conditions and clean environment, climate changes can significantly affect the sector. Therefore, this study examines the causality and long-run relationship between the climate change and tourism sector in Turkey. To estimate the potential long-run relationship between variables, Granger-Causality test is applied to data from 1960 to 2016. The study uses World Development Indicator Data released by World Bank. For the analysis, carbon-dioxide emission, methane emission, energy use (oil equivalent), and forest land are standing for climate change indicators. International tourist arrivals and tourism revenues represent for tourism sector’s variables. The findings show that there is a negative and significant coefficient of climate change on tourism sector. Also, in average, climatic change indicators have unidirectional and negative impact on international tourism revenue. Another finding is that climate change deteriorates to environment by augmenting carbon dioxide emission and methane emission. As a result, climatic change can weaken the tourism industry which can decrease the speed of Turkey’s economic development. In the long run, this research can pioneer assessing the economic and environmental impacts of climate change in the tourism sector bases.

scholarly journals ORGANIZING OF TOURIST SERVICES AS A COMPONENT OF PLANNING THE ACTIVITIES OF ENTERPRISES AND THE DEVELOPMENT OF INFRASTRUCTURE IN TOURISM

2021 ◽  
Author(s):  
Raisa Kozhukhivska ◽  
Оlena Sakovska
Keyword(s):  
Global Economy ◽  
Negative Impact ◽  
Quality Criterion ◽  
Tourism Industry ◽  
Planning System ◽  
Economic Sectors ◽  
Economic Relations ◽  
The World ◽  
Tourism Enterprises ◽  
The Impact

In the XX century, tourism has become one of those economic sectors that are developing at an accelerated pace. According to the World Trade Organization, in 2022 the revenue from international tourist travel will be 1.9 billion, which is 4 times higher than in 2015. Statistical indicators of the impact of tourism on the economy of foreign countries demonstrate the importance of developing the tourism industry in the global economy and Ukraine particularly. However, it should be noted that despite the coronavirus pandemic, the global tourism industry by the end of 2020 may be short of $210,000,000,000 in revenues. This is the data of a study published by the World Travel and Tourism Council (WTTC). The development of innovative ways to overcome the crisis created by the negative impact of the COVID-19 pandemic on the tourism industry is seen by us as a more detailed study of the organization of tourism services in the planning system of tourism enterprises. The above-mentioned aspect demonstrates the relevance of the topic and indicates the need for a detailed study of this issue. The study of theoretical and methodical aspects concerning the process of organization of tourist services in the planning of tourist enterprises has been carried out in the article. In particular it is noted that tourism occupies a special place in the system of branches of national economy and sphere of services. The concept of “tourist service” is analyzed and its key components are outlined. It is established that the formation of tourist services is significantly influenced by different components of the tourism industry. The definition of the notion of “tourism industry component” is given and the categorical factors that is forming tourist services are highlighted. The interdependence of economic relations and the sequence of technological operations on the basis of which the process of planning of tourist enterprise activity has to be realized have been determined. It has been specified that all subsystems of a tourist enterprise should correspond in their quantitative and qualitative composition to the needs of a certain territory in providing the necessary assortment and volume of tourist services. It is noticed that in the process of organization and realization of tourist services considerable attention should be paid to the quality criterion.

scholarly journals Globalization of the tourism industry: scales, levels and institutional formats

2019 ◽  
Vol 17 (2) ◽  
pp. 563-574 ◽  
Author(s):  
Dmytro Lukianenko ◽  
Anatoly Poruchnik ◽  
Yaroslava Stoliarchuk ◽  
Olena Liutak
Keyword(s):  
Large Scale ◽  
Significant Contribution ◽  
Negative Impact ◽  
Tourism Industry ◽  
International Tourism ◽  
Infrastructure Development ◽  
Tourism Sector ◽  
Total Investment ◽  
The Impact ◽  
Tourist Flow

The article presents the author’s view of the impact of globalization, internationalization, transnationalization on the development of the international tourism industry with the substantiation of the features of institutional transformations caused by large-scale, structural and other changes in the world economy, in particular, the analysis of the development of the tourism industry of the leading countries, which are centers to attract tourist flow (France, USA, Spain, China, Italy), as well as Ukraine. As a result of correlation and regression models, the potential of the industry and its investment attractiveness were established. It is proved that within the countries’ economic activity, the tourism sector makes a significant contribution to the creation of the gross national product. Characterizing the coefficients in the multivariate regression equation, it can be stated that the most significant impact on GDP is the factor of “Income from international tourism”, since for all countries, it has a positive value greater than one. As for such a factor as “Total investment in the tourism industry”, for all but Ukraine, this factor is characterized by a negative impact on GDP, which determines the high costs of infrastructure development, which are not always paid off by the income of the incoming tourist flow in the short term.

Community Development and Role of Tourism: A Case Study of Tourist Destination Manali in Himachal Pradesh (India)

2016 ◽  
Vol 2 (1) ◽  
Author(s):  
Sunil
Keyword(s):  
Traffic Congestion ◽  
Local Community ◽  
Negative Impact ◽  
Himachal Pradesh ◽  
Tourism Industry ◽  
Cultural Development ◽  
Infrastructure Development ◽  
Tourism Sector ◽  
The Government ◽  
Agriculture Products

Tourism sector has a significant role in the economic development of our country. Tourism sector has contributed 6.88 percent to the GDP and has 12.36 percent share in employment (direct and indirect) in the year 2014. It has also a significant share in foreign exchange earnings. The benefit of tourism mostly goes to the local community (Sonya & Jacqueline, Mansour E. Zaei & Mahin E. Zaei, 2013). In this paper, an attempt has been made to assess how the tourism industry has created an opportunity for the economic, political, social and cultural development of the local community at Manali in Himachal Pradesh (India) and also tried to study the problems that are associated with the tourism in the region. The study found that the tourism industry has been extending its contribution for the development of local community at Manali. It has been providing employment, business and investment opportunities, revenue generation for the government, encouraging the community to promote and preserve its art, culture and heritage, raising the demand of agriculture products, provided opportunities for local people to run and work in the transport business and by promoting MSMEs in the region. Besides the opportunities, the tourism industry has also added many problems to the local community. Traffic congestion, increase in water and air pollution, solid waste generation, degradation of the cultural heritage, ecological imbalances, rise in cost of living, increase in crime, noise and environment pollution, migration of people to the region, negative impact on local culture, and extra pressure on civic services during the tourists season, are the problems associated with the tourism. The study suggest that effective management of natural resources, dissemination of environment protection information, involvement of local community in decision making, professionalization in the working of local administration, extending the support of government in sponsoring the events, infrastructure development, tracking records of migrants with the help of local community to curb the crime rate, promotion and preservation of art, culture and heritage, involvement of NGOs, compliance of the rules can make tourism more beneficial in the development of local community.

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