The Effects of Economic Crisis on Tourism

Author:Maricica Drutu (Ivan)
Position:Ph.D Student, Academy of Economic Studies Bucharest, Romania
The Effe
Ph.D Student,
Academy of Ec
Abstract: Objectives.
This pape
tourism, followed by an analysis
buying behavior of such service
should be used for tourist destin
the global economy, being the
economic and financial crisis tha
both domestic and international
emphasized that tourism as a p he
dependence on the environment,
Because of this depend en
economic and financ
1 Introduction
The tourism i
ndustry is one of
includes hotels, catering and tour
tourist arrivals in 1980 there wer
than 9% of global GDP. It repres
employment (direct and indirect)
Tourism makes a majo
areas of job creation, sustain
investment, business creation and
global recession. In 2008, interna
U.S. $ 944 billion. Travel and to
and developing countries -
a gro
spending. After several years of
second half of 2008 and intensi
business travel to destinations an
activity between regions. While
dramatically in the Middle East.
Increased u
nemployment, decrea
household wealth have
Performance and Risks in the
ffects of Economic Crisis on Tourism
Maricica Druțu (Ivan)
f Economic Studies Bucharest, Romania, maricica20
aper proposes a listing of the main effects of economic and f
sis of key trends in tourism development and mutations occur
Prior Work. All these h ave a s
ignificant impact on t
tinations, given that the last 20 years, tourism has made a gre
he fastest growing sector in terms of External revenue and
that has affected the world economy in 2008, has led to decre
al tourists.
In terms of sustainable development, a
phenomenon, but also as an activity is unique in its kind that m
nt, social environment and cultural values, that are found in
dency, tourism has an undeniable interest in ensuring the susta
ancial crisis
; tourism; sustainable development; rural tourism
of the sectors with the fastest global economic
urism. In 1950, tourism industry has registered 25
were 277 million international touris
t arrivals. Tou
resents more than 220 million jobs, representing 6
ct) and over 75 million direct jobs worldwide in the
ibution to export earnings and provides significant
ainable development, economic diversification,
nd local empowerment. Tourism and travel industry
rnational tourist arrivals reached 922 million and r
tourism demand is closely linked to economic con
economy will produce, in general, increas
of consecutive growth, a decline in international t
nsified in 2009. A drop in tourist flows, shorter s
and spending restraint have led to a significant con
ile tourist arrivals have remained stable in Africa
reased consumer confidence, market volatility, and
ibuted to this trend. UNWTO, reported that wor
the European Economy
d financial crisis on
curring in consumer
n the strategies that
great contribution to
nd create jobs, and
creasing the flow o f
t, a concern must be
t manifests itself by
areas of interest.
stainability of these
ic growth. This sector
25 million international
ourism generates more
6 to 7 percent of total
he formal economy.
ant opportunities in the
n, poverty reduction,
stry wa
s not immune to
d revenue rose 1.7% to
onditions in developed
ease trade and tourism
l tourism began in the
r stays, restricti
ons on
ontraction in economic
ica, they have dropped
nd strong reductions in
orldwide international

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