Academic journal article Journal of Tourism Challenges and Trends

Foreword

Academic journal article Journal of Tourism Challenges and Trends

Foreword

Article excerpt

Tourism, as a global economic activity, influences and is influenced by the world economic activity. From this perspective, the financial and economic crisis which started in the second part of the year 2007 has already a direct impact on tourism. According to the data offered by the World Tourism Organization, in 2007 the arrivals in international tourism have increased with 6.6%, in comparison with the preceding year, reaching a level of 900 million persons. Tourism cashing in 2007 reached the amount of $ 856 billion, 5.6% more than the previous year.

During the period January-August 2008, the number of arrivals has increased with 3.7%, in comparison with the similar period of 2007. In November 2008, the yearly increase was estimated at only 2%.

The substantial decrease in the dynamics of global tourism is considered by WTO as part of the overall economic crisis, increase in inflation, and a decrease in the level of trust/confidence, from the tourist consumers' part, as well as the increase in the oil price. As an entertaining activity, tourism is probably the most flexible element, very sensitive to the economic situation. The above mentioned negative elements have "hit" tourism exactly into the usually maximum period of the year--the summer months in the Northern hemisphere, the one that gives the majority of fusion agents in international tourism. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.