THE EFFECTS OF ECONOMIC CRISES, EPIDEMICS AND TERRORISM ON TOURISM
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Creator Sharon Teitler-Regev
Title THE EFFECTS OF ECONOMIC CRISES, EPIDEMICS AND TERRORISM ON TOURISM
Contributor Shosh Shahrabani, Oksana Goziker
Publisher University of the Thai Chamber of Commerce
Publication Year 2556
Journal Title UTCC International Journal of Business and Economics
Journal Vol. 5
Journal No. 2
Page no. 19-32
Keyword Tourism, Terrorism, Epidemic, Economic Crisis
URL Website http://ijbejournal.com/
Website title ijbejournal
ISSN 1906-5582 (paper)
Abstract The current study examines the effects of three types of modern crises - economic crises, terrorism and epidemics - on the movement of tourists. The five countries chosen as countries of origin each have populations exceeding 10 million and are among the top tourism spenders per capita. Singapore, Spain and Vietnam were chosen as the destination countries, as these countries have experienced terrorism or epidemics or both. The findings for our sample countries show that the positive effect of economic crises in the destination country and the negative effect of exchange rates on incoming tourism exceed the effects of either terrorism or epidemics. In addition, the findings suggest that terrorism in theorigin country had a negative effect on tourism to Spain from the US and Japan, while terrorism in the destination country (Spain) had a negative effect on tourism to Spain from the UK. Terrorism in the destination country seems to affect mainly countries that are geographically close, while terrorism in the origin country affects tourism to countries that are far away. We conclude that terrorism, epidemics and economic crises have differential impacts on the movement of tourists from various countries of origin to various destination countries.
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