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Effects of the COVID-19 tourism crisis on the Spanish economy

Author

Listed:
  • Esther Vayá
  • José R Garcia
  • Jordi Suriñach
  • Ernest Pons

Abstract

This study addresses the impact of the COVID-19 pandemic on the Spanish tourism sector and economy in general, at the national and regional levels, through a comparative analysis between the evolution observed in the sector and the evolution that could have happened had the pandemic not occurred. This study was conducted in two stages. First, the total tourist expenditures for 2020 and 2021 were predicted under the assumption that the pandemic had not occurred. In the second stage, the losses in terms of turnover, jobs and the contribution of the tourism sector to the gross domestic product (GDP) that would have occurred without the pandemic were estimated. We applied the input–output method and found that for every €1000 less of tourist spending due to the pandemic, €1883 less were contributed to the GDP, and for every €100,000 less in spending, 2.8 jobs were lost.

Suggested Citation

  • Esther Vayá & José R Garcia & Jordi Suriñach & Ernest Pons, 2024. "Effects of the COVID-19 tourism crisis on the Spanish economy," Tourism Economics, , vol. 30(4), pages 1021-1038, June.
    • Handle: RePEc:sae:toueco:v:30:y:2024:i:4:p:1021-1038
    DOI: 10.1177/13548166231185899
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    References listed on IDEAS

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    1. Nikolaos Rodousakis & George Soklis, 2022. "The COVID-19 multiplier effects of tourism on the German and Spanish economies," Evolutionary and Institutional Economics Review, Springer, vol. 19(1), pages 497-510, April.
    2. Asier Minondo, 2021. "Impact of COVID-19 on the trade of goods and services in Spain," Applied Economic Analysis, Emerald Group Publishing Limited, vol. 29(85), pages 58-76, February.
    3. Joaquín Murillo & Esther Vayà & Javier Romaní & Jordi Suriñach, 2013. "How Important to a City are Tourists and Day-Trippers? The Economic Impact of Tourism on the City of Barcelona," Tourism Economics, , vol. 19(4), pages 897-917, August.
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    Cited by:

    1. Alice Guerra & Pierpaolo Pattitoni & Laura Vici, 2024. "The impact of COVID-19 on tourism expenditures: A Quasi-DiD analysis," Tourism Economics, , vol. 30(8), pages 2134-2158, December.

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