COVID-19 and gradual adjustment in the tourism, hospitality, and related industries

Tsionas, Mike G (2020) COVID-19 and gradual adjustment in the tourism, hospitality, and related industries. Tourism Economics.

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Abstract

In this Note, we take up the problem of post COVID-19 gradual adjustment in the industry as well as whether and to what extent opening with limited capacity might be feasible. We find that (i) re-opening gradually requiring only non-negative profits is quite feasible but (ii) re-opening requiring the same level of profit as in the pre COVID-19 period is considerably more difficult, and seems feasible by re-opening at capacity near 33%. Lower capacities would require governmental subsidies which could vary considerably from hotel to hotel.

Item Type:
Journal Article
Journal or Publication Title:
Tourism Economics
Additional Information:
The final, definitive version of this article has been published in the Journal, Tourism Economics, ? (?), 2020, © SAGE Publications Ltd, 2021 by SAGE Publications Ltd at the Tourism Economics page: https://journals.sagepub.com/home/teu on SAGE Journals Online: http://journals.sagepub.com/
ID Code:
150535
Deposited By:
Deposited On:
07 Jan 2021 10:50
Refereed?:
Yes
Published?:
Published
Last Modified:
15 Jun 2021 05:44