Author: Aronica, Martina; Pizzuto, Pietro; Sciortino, Caterina
Title: COVIDâ€19 and tourism: What can we learn from the past? Cord-id: uyqfcbzw Document date: 2021_6_17
ID: uyqfcbzw
Snippet: The impact of the COVIDâ€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 mediumâ€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 sever
Document: The impact of the COVIDâ€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 mediumâ€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.
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