Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/225258
Authors: 
Barkas, Panagiotis
Honeck, Dale
Rubio, Ester
Year of Publication: 
2020
Series/Report no.: 
WTO Staff Working Paper No. ERSD-2020-11
Abstract: 
In this paper, we investigate tourism-related policy approaches that WTO member countries adopted in the early weeks of the COVID-19 crisis. We highlight the need for stakeholders to coordinate their responses in order to mitigate the negative crisis effects and better prepare the sector for the future. In doing so, we explore the economic impact of potential tourism scenarios, underlining both the demand and supply side effects of the crisis. By compiling and organising information from a range of sources based on information available at the time, the paper provides a systematic approach to map and analyse tourism-related policies for 59 WTO Members across all continents. Our findings confirm that: (i) almost 90% of the countries analysed focused their tourism policy responses on economic stimulus measures to mitigate the negative impacts of COVID-19 and facilitate a strong recovery; (ii) more than half of the examined countries have taken financial measures to support the sector through loans, tax deferrals etc.; (iii) less than a third of the analysed countries enacted social and employment measures.
Subjects: 
travel
tourism
services trade
COVID-19
economic policy
monitoring
economic impact
JEL: 
F13
L83
O14
Document Type: 
Working Paper

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