THE IMPACT OF COVID-19 PANDEMIC ON GLOBAL TOURISM INDUSTRY

POPSA Roxana Elena, Lucian Blaga University of Sibiu, Romania

Abstract:
Tourism is a complex economic and social phenomenon, that has an impact on several sectors, such as culture, education and the national economy. Travel restrictions implemented in all countries of the world due to the Covid-19 pandemic have made the tourism industry one of the most affected since the very start of the virus spread. Therefore, in 2020 there was a 73% decrease in the number of tourists, representing a loss of 1.3 trillion dollars recorded by the tourism industry. In this context, the paper aims to analyse the impact of Covid-19 pandemic on the tourism industry, as well as the measures adopted to mitigate the effects of the virus on this economic sector.

Keywords: tourism and travel industry, Gross Domestic Product, COVID-19 pandemic

JEL Classification: L83, M21

Volume: 73, Issue: 3

Pages: 162 - 170

Publication date: October, 2021

DOI: 10.56043/reveco-2021-0029

Download the article: http://economice.ulbsibiu.ro/revista.economica/archive/73308popsa.pdf

”Cite