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The Potential for Tourism in Post-crisis Recovery: Lessons from Malaysia's Experience of the Asian Financial Crisis

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  • Nicolette de Sausmarez

Abstract

The impact of crises on a national economy can be severe and it is essential that recovery is rapid and complete. This article argues that tourism may be an ideal focus for the recovery effort, as it is resilient and has many links into other sectors. Based on data collected from interviews with senior policy makers in Malaysia, the performance of tourism in four key areas is explored in the context of the Malaysian response to the Asian financial crisis. It is concluded that on balance, tourism is worthy of special consideration as a vehicle for post-crisis recovery.

Suggested Citation

  • Nicolette de Sausmarez, 2007. "The Potential for Tourism in Post-crisis Recovery: Lessons from Malaysia's Experience of the Asian Financial Crisis," Asia Pacific Business Review, Taylor & Francis Journals, vol. 13(2), pages 277-299, April.
    • Handle: RePEc:taf:apbizr:v:13:y:2007:i:2:p:277-299
    DOI: 10.1080/13602380601045587
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    References listed on IDEAS

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    1. Kar‐yiu Wong & Richard Y. K. Ho, 2002. "The Asian Crisis, 1997," Review of International Economics, Wiley Blackwell, vol. 10(1), pages 1-1, February.
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    1. Dahles, Heidi & Susilowati, Titi Prabawa, 2015. "Business resilience in times of growth and crisis," Annals of Tourism Research, Elsevier, vol. 51(C), pages 34-50.
    2. Webster, Craig & Yen, Chih-Lun (Alan) & Hji-Avgoustis, Sotiris, 2020. "Hotels hurting horrifically but hopeful: A case study of the Indianapolis hotel industry," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 6(3), pages 54-58.
    3. Diego R. Toubes & Noelia Araújo-Vila & José A. Fraiz-Brea, 2021. "Organizational Learning Capacity and Sustainability Challenges in Times of Crisis: A Study on Tourism SMEs in Galicia (Spain)," Sustainability, MDPI, vol. 13(21), pages 1-17, October.

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