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International Tourism as Part of the Experience Economy in the World of the Global Pandemic: Crisis and Prospects for Recovery

https://doi.org/10.26794/1999-849X-2022-15-2-104-116

Abstract

The subject of the study is international tourism in the context of a global pandemic.

The purpose of the work is to analyze the impact of the COVID-19 pandemic on the international tourism industry and assess the prospects for the restoration of the tourism sector in foreign countries and in Russia. The paper examines the role of international tourism as part of the experience economy in the world economy. The article analyzes the impact of the COVID-19 crisis on the international tourism industry and related sectors, such as international passenger transportation, hotel business, labor market, culture, etc. The features of the impact of the pandemic on individual regions and countries most dependent on tourism are considered. The paper pays attention to the peculiarities of the impact of COVID-10 on the tourism sector of Russia and assesses the prospects for its recovery. The article analyzes the problem of the resumption of tourism after the pandemic, discusses scenarios and forecasts of the recovery of the tourism industry, as well as macroeconomic policy measures used by states to support the tourism sector.

It is concluded that the pandemic revealed structural deficiencies in the tourism system and vulnerability to external shocks. There is an urgent need to diversify and strengthen the sustainability of the tourism economy, eliminate its structural deficiencies in order to better prepare for possible future shocks and transition to stronger and more sustainable models of tourism development.

About the Author

V. V. Antropov
Financial University; National University of Oil and Gas “Gubkin University”
Russian Federation

Vladislav V. Antropov — Dr. Sci. (Econ.), Professor, the World Finance Department, Financial University; Professor, the Economic Theory Department, National University of Oil and Gas “Gubkin University”

Moscow

 



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Review

For citations:


Antropov V.V. International Tourism as Part of the Experience Economy in the World of the Global Pandemic: Crisis and Prospects for Recovery. Economics, taxes & law. 2022;15(2):104-116. (In Russ.) https://doi.org/10.26794/1999-849X-2022-15-2-104-116

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ISSN 1999-849X (Print)
ISSN 2619-1474 (Online)