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Covid-19 and the Tourism Industry: Critical Overview, Lessons and Policy Options

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  • Stephen I. Ocheni
  • A. M. Ogaboh Agba
  • Michael Sunday Agba
  • F. O. Eteng

Abstract

Coronavirus pandemic has enormous impacts on the entire socio-economic structure of countries worldwide. It accounts for the epileptic service delivery of many enterprises globally. The pandemic has massive consequences that have to reshape the present and future landscape of the tourism industry. Thus, this paper critically examines the impact of nCOV on the aviation, cruise-shipping, and hospitality components of the tourism industry. It investigates why the tourism industry is the first and the most hit sector by Covid-19. In light of these, the paper provides an in-depth discussion on how Covid-19 affects jobs, man-hours, revenue, income, and livelihood of workers, as well as owners of the tourism industry. Discussions were also channelled on how the impacts of the pandemic on the tourism industry affect global GDP and foreign exchange earnings of countries whose economy relays significantly on tourism. The study concluded that with the prolonged lockdown, the tourism industry would continue to experience a large slide down. The paper posits that urgent policy remediation is necessary to revamp the sector and rescue it from imminent collapse and extinct.

Suggested Citation

  • Stephen I. Ocheni & A. M. Ogaboh Agba & Michael Sunday Agba & F. O. Eteng, 2020. "Covid-19 and the Tourism Industry: Critical Overview, Lessons and Policy Options," Academic Journal of Interdisciplinary Studies, Richtmann Publishing Ltd, vol. 9, November.
    • Handle: RePEc:bjz:ajisjr:1969
    DOI: https://doi.org/10.36941/ajis-2020-0116
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    References listed on IDEAS

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    1. Richardson, Robert B., 2010. "The Contribution of Tourism to Economic Growth and Food Security," Food Security Collaborative Working Papers 97140, Michigan State University, Department of Agricultural, Food, and Resource Economics.
    2. Svitlana Hanaba & Olha Mysechko & Ihor Bloshchynskyi, 2020. "Solidarity of Efforts as a Common Condition for the Survival of the World in a Pandemic," Postmodern Openings, Editura Lumen, Department of Economics, vol. 11(1Sup2), pages 29-38, May.
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    Cited by:

    1. Shafinar Ismail & Mohammed Izzuddin Ismail & Putri Aliah Mohd Hidzir & Suzila Ismail, 2023. "WAQF and Tourism Industry Sustainability: Post-Pandemic COVID-19," Information Management and Business Review, AMH International, vol. 15(3), pages 429-440.

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