Economic losses in tourism during the Covid-19 pandemic. The case of Sorrento

Datos Bibliográficos

ID21699080
AutoresM Agovino (0000-0002-6278-7000, Department of Economic and Legal Studies, University of Naples “Parthenope”, Naples, Italy), Gaetano Musella (0000-0002-7871-3751, Department of Management and Quantitative Studies, University of Naples “Parthenope”, Naples, Italy, autor de correspondencia)
Año2022
Volumen25
Número23
Páginas3815-3839
Fecha de publicación2022-12-02
Peer ReviewedSí
Open AccessNo
TipoARTICLE
RevistaCurrent Issues in Tourism (JOURNAL)
Identificadores de la revistaISSN: 1368-3500 • E-ISSN: 1747-7603
EditorialInforma UK Limited (PUBLISHER • GB)
DOI10.1080/13683500.2021.2005548
OpenAlexW3215423305
IdiomaEN
Citas recibidas2
Referencias citadas31

The tourism sector is facing its most severe crisis under the COVID-19 pandemic. Social distancing measures, global travel restrictions, stay-at-home orders, and other lockdown measures brought tourism to a halt in 2020. We estimate the potential economic losses thereof in terms of added value and number of tourists by nationality. By using the city of Sorrento as prominent and representative case study, we implement time-series analysis with autoregressive-integrated moving average models on monthly data from January 2013 to December 2019. We thus forecast the loss of tourists and added value in 2020. The results reveal that the pandemic has significantly affected the tourism sector, the added value of tourism in Sorrento might decrease by over 70%, and tourist arrivals might similarly fall or even reach zero foreign arrivals. The local government should reassess the sustainability of tourism proposals by factoring in the lack of tourist arrivals and focusing on loyal tourists and proximity tourists, two fundamental target audiences.HighlightsWe analyse the potential economic effect of COVID-19 on tourism in 2020A forecast analysis estimates the changes in added value and number of touristsAn ARIMA model is employed on monthly dataCOVID-19 might negatively and severely affect the tourism economyForeign tourism risks attracting zero travellers in the post-pandemic period

Autoregressive integrated moving average · Business · Development economics · Economic impact analysis · Economics · Factoring · Hospitality · Immigration · Nationality · Pandemic · Political science · Social distance · Time series · Tourism · COVID-19 Pandemic Impacts · Diverse Aspects of Tourism Research · Law · Sport and Mega-Event Impacts · Finance