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RESEARCH PRODUCT
COVID‐19 and tourism: What can we learn from the past?
Martina AronicaCaterina SciortinoPietro Pizzutosubject
Economics and Econometrics2019-20 coronavirus outbreakCoronavirus disease 2019 (COVID-19)Severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2)macromolecular substancespandemicsCOVID‐19Accounting0502 economics and businessDevelopment economicsPandemicEconomics050207 economicsuncertaintyEmerging markets050208 finance05 social sciencesCOVID-19Settore SECS-P/02 Politica EconomicaOriginal ArticlesShock (economics)Settore SECS-S/03 - Statistica EconomicaPolitical Science and International RelationstourismOriginal Articleinternational arrivalshealth systemsFinanceTourismHealthcare systemdescription
Abstract The impact of the COVID‐19 crisis on tourism flows is without precedent in terms of speed and severity. In this paper, we try to infer a possible future scenario for the tourism sector, evaluating the medium‐term effects of past pandemics on tourist arrivals. We find that pandemics lead to a persistent decline in tourist arrivals, with the effects being larger in developing and emerging countries. Interestingly, the effects are heterogeneous across countries and episodes, and depend on several economic conditions such as the overall health system performance, the severity of the shock, and the uncertainty induced by the pandemic event.
| year | journal | country | edition | language |
|---|---|---|---|---|
| 2020-11-05 | The World Economy |