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Measuring the Impact of the Coviid-19 Crisis on the Foreign Tourist Receipts Cover

Measuring the Impact of the Coviid-19 Crisis on the Foreign Tourist Receipts

Open Access
|Aug 2022

Abstract

Tourism is a significant economic activity for developing any national economy and the world economy as well. Revenues generated through tourism services affect GDP and directly stimulate economic growth. The revenues are important for the national economies, i.e. the foreign exchange inflow, generated through tourist services export. However, many factors directly impact on the volume of foreign tourist arrivals, and thus directly affect both foreign exchange inflows and GDP. Government measures taken for various reasons that have a straight impact on the movement of people significantly reduce tourist travels. It can cause numerous and robust adverse effects on the national economy. The health crisis caused by the pandemic COVID – 19 has led to restrictive governmental measures that had a negative impact on tourist travels, and thus on the revenues generated from the export of tourist services. The paper aims to measure the effect of the COVID - 19 crises on the income generated by the foreign tourists’ arrivals in Ohrid, as a case study destination in North Macedonia. The research results will show the losses this economic sector has suffered from the “lockdown” caused by the pandemic.

DOI: https://doi.org/10.2478/ethemes-2022-0001 | Journal eISSN: 2217-3668 | Journal ISSN: 0353-8648
Language: English
Page range: 1 - 19
Submitted on: Sep 16, 2021
Accepted on: Feb 24, 2022
Published on: Aug 5, 2022
Published by: University of Niš, Faculty of Economics
In partnership with: Paradigm Publishing Services
Publication frequency: 4 issues per year

© 2022 Aleksandar Trajkov, Cvetko Andreeski, Jovanka Biljan, published by University of Niš, Faculty of Economics
This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.