PERFORMANCE CHANGES OF THE TOURISM SECTOR IN THE CRISES
PERFORMANCE CHANGES OF THE TOURISM SECTOR IN THE CRISES

Author(s): Grozdana Marinković, Slavica Stevanović
Subject(s): Social Sciences, Tourism
Published by: Udruženje ekonomista i menadžera Balkana
Keywords: Tourism sector; Crisis; COVID-19; Global level; Serbia; Supporting measures.
Summary/Abstract: Tourism represents a driver of economic growth and job creation all around the world. It has become one of the key factors of progress, not only of the individual destinations and regions but also the world economy. The paper aims to analyze the effects of different types of the crisis on the volume of tourism activities, tourism turnover, and revenues in the tourism sector. Despite occasional crisis situations and shocks, tourism has seen continued expansion and has shown great resilience. Having in mind that the COVID-19 pandemic has a major impact across world regions, as well as tourism is one the hardest-hit sectors, a special part of the paper analyzes the impact of the health crisis in Serbia and the global level. The intensive and deep impact of the pandemic on the tourism sector requires strong support at the national and global levels through the relevant institutions.

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