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Title

The current state and prospects of travel business development under the COVID-19 pandemic

Author

Tetiana Tkachenko, Olha Pryhara, Nataly Zatsepina, Stepan Bryk, Iryna Holubets, Alla Havryliuk

Citation

Vol. 21  No. 12  pp. 664-674

Abstract

The relevance of this scientific research is determined by the negative impact of the COVID-19 pandemic on the current trends and dynamics of world tourism development. This article aims to identify patterns of development of the modern tourist market, analysis of problems and prospects of development in the context of the COVID-19 pandemic. Materials and methods. General scientific methods and methods of research are used in the work: analysis, synthesis, comparison, analysis of statistical data. The analysis of the viewpoints of foreign and domestic authors on the research of the international tourist market allowed us to substantiate the actual directions of tourism development due to the influence of negative factors connected with the spread of a new coronavirus infection COVID-19. Economic-statistical, abstract-logical, and economic-mathematical methods of research were used during the process of study and data processing. Conclusions. Thus, the identified trends are associated with a decrease in the number of tourist flows, the negative impact of the pandemic on employment and income from tourism activities. International tourism needs two to four years before it returns to the level of 2019.

Keywords

tourism, travel industry, coronavirus infection, GDP, international arrivals, domestic tourism, regression model.

URL

http://paper.ijcsns.org/07_book/202112/20211291.pdf