Please use this identifier to cite or link to this item: http://earsiv.odu.edu.tr:8080/xmlui/handle/11489/4453
Title: Fiscal and monetary policies supporting the tourism industry during COVID-19
Authors: Sengel, Umit
Iskin, Merve
Cevrimkaya, Mustafa
Genc, Gookhan
Ordu Üniversitesi
0000-0003-3573-3661
0000-0003-1284-836X
0000-0002-4748-0422
0000-0003-3845-2670
0000-0003-1284-836X
Keywords: Fiscal policies, Monetary policies, COVID-19, Tourism industry
ECONOMY, FINANCE
Issue Date: 2023
Publisher: EMERALD GROUP PUBLISHING LTD-Leeds
Citation: Sengel, Ü., Iskin, M., Çevrimkaya, M., Genç, G. (2023). Fiscal and monetary policies supporting the tourism industry during COVID-19. J. Hosp. Tour. Insights, 6(4), 1485-1501. https://doi.org/10.1108/JHTI-08-2021-0209
Abstract: Purpose - Since the first moment of the pandemic, national and international travel restrictions are in place to reduce human mobility. This actual situation makes the tourism industry one of the areas most affected by the pandemic. Many microeconomic factors (households and firms) were adversely affected by the pandemic, and this situation brought about macroeconomic contraction. Naturally, governments seek to sustain production and employment by offering financial packages to reduce the negative economic effects of the pandemic. Given such information, the study aims to examine the financial policies implemented by countries to support the tourism industry during the pandemic period. Design/methodology/approach - Content analysis, which is a technique of qualitative research method, was applied in the analysis process of the data. Assessments were made based on data published by the United Nations World Tourism Organization (UNWTO) on the financial and monetary policies implemented by countries to support the tourism industry. The data were analyzed using the MAXQDA qualitative analysis program. Findings- According to the results of the study, countries support the tourism industry financially in terms of credit and liquidity. Also, tourism investments are encouraged by tax breaks and low interest rates. Originality/value - It is aimed to determine what issues the financial and monetary policies published by the UNWTO focus on to solve the problems in the tourism sector. In this way, it is thought that the study will reveal the problems experienced by tourism enterprises during the pandemic period with a holistic perspective.
Description: WoS Categories: Hospitality, Leisure, Sport & Tourism
Web of Science Index: Emerging Sources Citation Index (ESCI)
Research Areas: Social Sciences - Other Topics
URI: http://dx.doi.org/10.1108/JHTI-08-2021-0209
https://www.webofscience.com/wos/woscc/full-record/WOS:000747409000001
http://earsiv.odu.edu.tr:8080/xmlui/handle/11489/4453
ISSN: 2514-9792
2514-9806
Appears in Collections:Makale Koleksiyonu

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