The economic effects of Coronavirus (COVID-19) in the tourism industry

2020 International Journal of Social Sciences and Education Research  
The tourism sector, which is becoming more and more important as an economic phenomenon today, is an important tool in generating income, business and tax revenues and alleviating the balance of payments problem. The demand elasticity of the tourism sector is quite high. Tourism sector is affected by events such as political problems, economic crises and epidemics faster than other sectors. In this context, the Covid-19 virus, which emerged in December 2019 and has been spreading globally since
more » ... ding globally since then, is an event that negatively affects the tourism sector as well as human health. The aim of this study is to conceptually demonstrate the economic effects of Covid-19 outbreak on the tourism sector. In the study, initially, the effects of previous crises on tourism will be examined and then the economic effects of Covid 19 virus on tourism will be evaluated using economic data. Also included within the scope of the study, the concept of controlled and healthy tourism is introduced. This study will show that as a result of the Covid-19 pandemic it will be inevitable that lack of demand caused by the outbreak will lead to unemployment and income losses in the tourism sector.
doi:10.24289/ijsser.728121 fatcat:kbazlruifbfvfenh7jtqtt4x5i