Заглавие:	Impact of Globalization Crises on the Tourism and Hospitality Economy
Автори:	Федишин, Ірина Богданівна
Affiliation:	Тернопільський національний технічний університет ім. І.Пулюя
Bibliographic description (Ukraine):	Fedyshyn I. Impact of Globalization Crises on the Tourism and Hospitality Economy // European scientific conference PEFnet 2020: Collection of scientific articles. - Mendel University in Brno, Czech Republic, 2020. – 41-43 рр.
Conference/Event:	European Scientific Conference of Doctoral Students
Дата на Публикуване:	2020
Submitted date:	2020
Date of entry:	21-Дек-2022
Издател:	Mendel University Press
Country (code):	CZ
Place of the edition/event:	Mendel University in Brno, Czhech Republic
JEL:	E44, F6, H12
Ключови Думи:	crises financial losses welfare economy of tourism
Page range:	41-43
Описание:	The global hotel and restaurant industry is influenced by the travel and tourism industry, that contributed $8.81 trillion to the global economy in 2018. But today these spheres already indicate significant financial losses due to the coronavirus pandemic (COVID19) in the first quarter of 2020 to a fraction of what they were in 2019. Available data points to a doubledigit decrease of 22% in Q1 2020, with arrivals in March down by 57%. This led into a loss of 67 million international arrivals and about $80 billion in receipts. The impact of coronavirus on world tourism and the predictions of scientists and pro-government structures are based on previous experience of such crises, such as the spread of SARS or H1N1 viruses. It is forecasted that global travel and tourism revenue due to COVID-19 in 2020 will be $447.4 billion, global employment loss in the sphere – 100.8 million, region with the largest loss in travel and tourism is Europe.
URI:	http://elartu.tntu.edu.ua/handle/lib/39436
ISBN:	978-80-7509-749-1
URL for reference material:	https://pefnet.mendelu.cz/wcd/w-rek-pefnet/pefnet20_extended_abstracts_web_final_version3.pdf
References (Ukraine):	Wenqin Fan, Weixian Dong Jie Luo (2018). The Causes of Financial Risk in Enterprises and Its Precaution. Global Finance Review, pp. 15-21 Malewska K. (2003) Strategie zarządzania kryzysem w przedsiębiorstwie, in: J. Skalik (red.), Zachowania organizacji wobec zjawisk kryzysowych, Cornetis, Wrocław OECD Reviews of Risk Management Policies. Future Global Shocks. Improving risk governance. Source: http://www.oecd.org/governance/48329024.pdf Impact assessment of the covid-19 outbreak on international tourism. Source: https://www.unwto. org/impact-assessment-of-the-covid-19- outbreak-on-international-tourism Tourismworldwide--Statistics\&Facts. Source: https://www.statista.com/topics/962/ global-tourism/
Content type:	Conference Abstract
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