The effect of regional tourism on economic development: Case study: The EU countries

Transformations of the tourism market structure in a pandemic necessitate a study of the extent to which EU countries can provide their citizens with tourism products to minimize the negative impact of the pandemic and, consequently, the negative impact on economic development. This article aimed to...

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Autores principales:	Motsa Andriy, Rybakova Svitlana, Shelemetieva Tetiana, Zhuvahina Iryna, Honchar Liliia
Formato:	article
Lenguaje:	EN SR
Publicado:	Faculty of Business and Entrepreneurship, Belgrade 2021
Materias:	regional tourism tourist attractiveness economic development pandemic Business HF5001-6182
Acceso en línea:	https://doaj.org/article/1fe3c65c60bc4509b892fa94dd6d9def
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spelling	oai:doaj.org-article:1fe3c65c60bc4509b892fa94dd6d9def2021-12-05T21:06:25ZThe effect of regional tourism on economic development: Case study: The EU countries2217-97392560-335310.5937/intrev2102069Mhttps://doaj.org/article/1fe3c65c60bc4509b892fa94dd6d9def2021-01-01T00:00:00Zhttps://scindeks-clanci.ceon.rs/data/pdf/2217-9739/2021/2217-97392101067M.pdfhttps://doaj.org/toc/2217-9739https://doaj.org/toc/2560-3353Transformations of the tourism market structure in a pandemic necessitate a study of the extent to which EU countries can provide their citizens with tourism products to minimize the negative impact of the pandemic and, consequently, the negative impact on economic development. This article aimed to develop recommendations for minimizing the negative impact of reducing regional tourism on economic development through the support of domestic tourism. This research uses a quantitative methodology based on indicators of growth of tourist external and internal flows in the regions, the growth rate of economic regions of the EU for 2015-2019. The following countries were selected for correlation analysis: Belgium, Bulgaria, Czech Republic, Germany, Estonia, Greece, Spain, and Italy. The analysis of the impact of regional tourism on economic development in the EU for 2015-2019 indicates the need to develop regional strategies for smart specializations of the tourism industry based on the most attractive industries for tourists. It is determined that within the EU, economic development is less dependent on developed tourist regions due to potentially low tourist costs, as a result - short-term revenues from the industry. It is proved that regions with a high level of tourist flows can provide economic development by increasing the innovation of industries related to tourism, as such industries attract tourists. In a pandemic, businesses need to focus on promoting regional products and shift the focus to domestic consumption within the country. The theoretical value of this study is that regional tourism affects the economic development of the EU countries through the total costs of tourists, the volume of which in the short term has a negligible impact on the region's development. At the same time, the income of the tourism industry as a contribution to the economy is overestimated in the scientific literature.Motsa AndriyRybakova SvitlanaShelemetieva TetianaZhuvahina IrynaHonchar LiliiaFaculty of Business and Entrepreneurship, Belgradearticleregional tourismtourist attractivenesseconomic developmentpandemicBusinessHF5001-6182ENSRInternational Review, Vol 2021, Iss 1-2, Pp 67-75 (2021)
institution	DOAJ
collection	DOAJ
language	EN SR
topic	regional tourism tourist attractiveness economic development pandemic Business HF5001-6182
spellingShingle	regional tourism tourist attractiveness economic development pandemic Business HF5001-6182 Motsa Andriy Rybakova Svitlana Shelemetieva Tetiana Zhuvahina Iryna Honchar Liliia The effect of regional tourism on economic development: Case study: The EU countries
description	Transformations of the tourism market structure in a pandemic necessitate a study of the extent to which EU countries can provide their citizens with tourism products to minimize the negative impact of the pandemic and, consequently, the negative impact on economic development. This article aimed to develop recommendations for minimizing the negative impact of reducing regional tourism on economic development through the support of domestic tourism. This research uses a quantitative methodology based on indicators of growth of tourist external and internal flows in the regions, the growth rate of economic regions of the EU for 2015-2019. The following countries were selected for correlation analysis: Belgium, Bulgaria, Czech Republic, Germany, Estonia, Greece, Spain, and Italy. The analysis of the impact of regional tourism on economic development in the EU for 2015-2019 indicates the need to develop regional strategies for smart specializations of the tourism industry based on the most attractive industries for tourists. It is determined that within the EU, economic development is less dependent on developed tourist regions due to potentially low tourist costs, as a result - short-term revenues from the industry. It is proved that regions with a high level of tourist flows can provide economic development by increasing the innovation of industries related to tourism, as such industries attract tourists. In a pandemic, businesses need to focus on promoting regional products and shift the focus to domestic consumption within the country. The theoretical value of this study is that regional tourism affects the economic development of the EU countries through the total costs of tourists, the volume of which in the short term has a negligible impact on the region's development. At the same time, the income of the tourism industry as a contribution to the economy is overestimated in the scientific literature.
format	article
author	Motsa Andriy Rybakova Svitlana Shelemetieva Tetiana Zhuvahina Iryna Honchar Liliia
author_facet	Motsa Andriy Rybakova Svitlana Shelemetieva Tetiana Zhuvahina Iryna Honchar Liliia
author_sort	Motsa Andriy
title	The effect of regional tourism on economic development: Case study: The EU countries
title_short	The effect of regional tourism on economic development: Case study: The EU countries
title_full	The effect of regional tourism on economic development: Case study: The EU countries
title_fullStr	The effect of regional tourism on economic development: Case study: The EU countries
title_full_unstemmed	The effect of regional tourism on economic development: Case study: The EU countries
title_sort	effect of regional tourism on economic development: case study: the eu countries
publisher	Faculty of Business and Entrepreneurship, Belgrade
publishDate	2021
url	https://doaj.org/article/1fe3c65c60bc4509b892fa94dd6d9def
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_version_	1718370988784091136

The effect of regional tourism on economic development: Case study: The EU countries

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