Current Trends and Issues of Luxury Tourism. Empirical Research on Supply and Demand Effects of Covid-19 Pandemic

Tourism is fundamental to economic development generating a continuous flow of people and investments, contributing to regional development, producing national and international wealth and stimulating the transfer of resources between countries. The benefits of tourism must contribute to the economi...

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Autor principal:	Abdo KATAYA
Formato:	article
Lenguaje:	EN
Publicado:	Dunarea de Jos University of Galati 2021
Materias:	tourism hospitality industry luxury tourism market development covid-19 impact Electronic computers. Computer science QA75.5-76.95 Economic theory. Demography HB1-3840 Economics as a science HB71-74
Acceso en línea:	https://doaj.org/article/4c9fdd4e5416406eb25e0ae60eff66ba
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spelling	oai:doaj.org-article:4c9fdd4e5416406eb25e0ae60eff66ba2021-11-16T15:07:02ZCurrent Trends and Issues of Luxury Tourism. Empirical Research on Supply and Demand Effects of Covid-19 Pandemic10.35219/eai158404091911584-0409https://doaj.org/article/4c9fdd4e5416406eb25e0ae60eff66ba2021-09-01T00:00:00Zhttp://www.eia.feaa.ugal.ro/images/eia/2021_2/AbdoKataya2.pdfhttps://doaj.org/toc/1584-0409Tourism is fundamental to economic development generating a continuous flow of people and investments, contributing to regional development, producing national and international wealth and stimulating the transfer of resources between countries. The benefits of tourism must contribute to the economic and social development of regions and citizens in all respects. Beyond the ultimate refinement, luxury is a way of life. Due to the quality of the services offered by luxury hotels, the prices charged by them are higher, because both the quality of the products and the service are at a higher quality level. Lately, luxury tourism has placed a great deal of emphasis on personalized services, which give guests an added comfort as well as confidence. The aim of this article is to review the recent research on current issues of luxury tourism market generated by the Covid-19 imposed restrictions. The main findings show that the sector changes as a result of government anti-Covid initiatives will almost certainly have an impact on the overall demand and supply of tourism products. Increased wealth disparity may lead to further fragmentation of the tourism market, with a corresponding rise in prices for both affordable and luxury locations.Abdo KATAYADunarea de Jos University of Galatiarticletourismhospitality industryluxury tourism marketdevelopmentcovid-19 impactElectronic computers. Computer scienceQA75.5-76.95Economic theory. DemographyHB1-3840Economics as a scienceHB71-74ENAnnals of Dunarea de Jos University. Fascicle I : Economics and Applied Informatics, Vol 27, Iss 2, Pp 46-54 (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	tourism hospitality industry luxury tourism market development covid-19 impact Electronic computers. Computer science QA75.5-76.95 Economic theory. Demography HB1-3840 Economics as a science HB71-74
spellingShingle	tourism hospitality industry luxury tourism market development covid-19 impact Electronic computers. Computer science QA75.5-76.95 Economic theory. Demography HB1-3840 Economics as a science HB71-74 Abdo KATAYA Current Trends and Issues of Luxury Tourism. Empirical Research on Supply and Demand Effects of Covid-19 Pandemic
description	Tourism is fundamental to economic development generating a continuous flow of people and investments, contributing to regional development, producing national and international wealth and stimulating the transfer of resources between countries. The benefits of tourism must contribute to the economic and social development of regions and citizens in all respects. Beyond the ultimate refinement, luxury is a way of life. Due to the quality of the services offered by luxury hotels, the prices charged by them are higher, because both the quality of the products and the service are at a higher quality level. Lately, luxury tourism has placed a great deal of emphasis on personalized services, which give guests an added comfort as well as confidence. The aim of this article is to review the recent research on current issues of luxury tourism market generated by the Covid-19 imposed restrictions. The main findings show that the sector changes as a result of government anti-Covid initiatives will almost certainly have an impact on the overall demand and supply of tourism products. Increased wealth disparity may lead to further fragmentation of the tourism market, with a corresponding rise in prices for both affordable and luxury locations.
format	article
author	Abdo KATAYA
author_facet	Abdo KATAYA
author_sort	Abdo KATAYA
title	Current Trends and Issues of Luxury Tourism. Empirical Research on Supply and Demand Effects of Covid-19 Pandemic
title_short	Current Trends and Issues of Luxury Tourism. Empirical Research on Supply and Demand Effects of Covid-19 Pandemic
title_full	Current Trends and Issues of Luxury Tourism. Empirical Research on Supply and Demand Effects of Covid-19 Pandemic
title_fullStr	Current Trends and Issues of Luxury Tourism. Empirical Research on Supply and Demand Effects of Covid-19 Pandemic
title_full_unstemmed	Current Trends and Issues of Luxury Tourism. Empirical Research on Supply and Demand Effects of Covid-19 Pandemic
title_sort	current trends and issues of luxury tourism. empirical research on supply and demand effects of covid-19 pandemic
publisher	Dunarea de Jos University of Galati
publishDate	2021
url	https://doaj.org/article/4c9fdd4e5416406eb25e0ae60eff66ba
work_keys_str_mv	AT abdokataya currenttrendsandissuesofluxurytourismempiricalresearchonsupplyanddemandeffectsofcovid19pandemic
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Current Trends and Issues of Luxury Tourism. Empirical Research on Supply and Demand Effects of Covid-19 Pandemic

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