A Review of Research on Tourism Industry, Economic Crisis and Mitigation Process of the Loss: Analysis on Pre, During and Post Pandemic Situation

Abstract

Throughout time, the global tourism industry and economy have been significantly affected by disasters and crises. At present, COVID-19 represents one of these disasters as it has been causing a serious economic downturn with huge implications in tourism. In this review paper, we have analysed more than 100 papers regarding the effect and consequences of a pandemic on tourism and related industries, the economic situation in countries and areas, and mitigation of the loss incurred due to pandemic situations. The article (1) is based on past research on tourism and economy, (2) examines the effects of a pandemic on listed sectors and mitigation processes, and (3) suggests future research and approaches to help progress the field. We have gathered and categorised the literature reviews into several parts. In addition, we have listed the name of authors, journal names, books, websites, and relevant data.

Tourism Forecasting of “Unpredictable” Future Shocks: A Literature Review by the PRISMA Model

“…Binesh et al (2021) conducted a comprehensive meta-analysis of hotel revenue management literature, identifying key themes, methodological approaches, and geographical trends while highlighting research gaps and avenues for future investigation. Bhuiyan et al (2021) delved into the multifaceted consequences of disasters and pandemics, notably COVID-19, on tourism, economies, and mitigation strategies, synthesizing a wealth of research findings and providing directions for future exploration. Sun et al (2022) scrutinized the tourism-carbon emissions nexus by reviewing environmental Kuznets curve studies, revealing conflicting results across regions and emphasizing the need for a refined understanding of the mechanisms involved.…”

Reservation systems as a tool of tourist services marketing

“…In 2020, the global tourism industry has been severely impacted by the COVID-19 pandemic. Only in 2021 did tourism slowly begin to recover and return to normal operating conditions (Bhuiyan et al, 2021).…”

The Macroprudential Measures for Mitigating the Effects of the Pandemic Crisis in Tourism Economies

“…In the period of pandemic, it is predicted that domestic tourism will have a share of 75% of the tourism economy in OECD countries. (Bhuiyan et al, 2021) Strengthening the share of domestic tourism contributes to the effectiveness of domestic public policies, which will strengthen the impact of domestic macroprudential instruments.…”