Assessing the short-term impacts of COVID-19 pandemic on foreign visitor’s demand for Turkey: A scenario analysis

Fatih GÜNAY; Engin BAYRAKTAROĞLU; Kahraman ÖZKUL

Makale detayları

Assessing the short-term impacts of COVID-19 pandemic on foreign visitor’s demand for Turkey: A scenario analysis

Yazarlar:

Fatih GÜNAY | Engin BAYRAKTAROĞLU | Kahraman ÖZKUL

Yayıncı:

Cem IŞIK

Ana Başlıklar:

Ekonomi ve Maliye

Dergi:

Journal of Ekonomi 2020 Vol.2 Issue 2, pp.80-85

Belge Tipi:

Makale

Yayın Tarihi:

12/2020

Belge Dili:

İngilizce

Document ID (Org No.):

2000503967

Sıklık:

İki Yıllık

eISSN:

2687-2390

Özet:

 

Since it first started in China, COVID-19 outbreak has become the number one problem of the World. World Health Organization accepted COVID-19 outbreak a pandemic on March 11, 2020. In light of the latest information, it could be said that the world has never encountered such a pandemic in the last century. Tourism is one of the most sensitive sectors to crises such as wars, terrorist attacks, natural disasters and other kinds of unexpected phenomena. This study aims to forecast the short-term effects of COVID-19 pandemic on foreign visitors' demand for Turkey by using scenario analysis technique. According to the results, a decline in foreign visitors’ arrivals in the range of 5% to 53% is estimated. It means a loss of tourism revenues about 15.2billionastheworst,and15.2billionastheworst,and15.2 billion as the worst, and 1.5 billion as the best alternative scenario for 2020. It is essential to develop recovery plans and to implement them urgently, to minimize the harms of the COVID-19 pandemic on Turkish tourism.

 

Since it first started in China, COVID-19 outbreak has become the number one problem of the World. World Health Organization accepted COVID-19 outbreak a pandemic on March 11, 2020. In light of the latest information, it could be said that the world has never encountered such a pandemic in the last century. Tourism is one of the most sensitive sectors to crises such as wars, terrorist attacks, natural disasters and other kinds of unexpected phenomena. This study aims to forecast the short-term effects of COVID-19 pandemic on foreign visitors' demand for Turkey by using scenario analysis technique. According to the results, a decline in foreign visitors’ arrivals in the range of 5% to 53% is estimated. It means a loss of tourism revenues about 15.2billionastheworst,and15.2billionastheworst,and15.2 billion as the worst, and 1.5 billion as the best alternative scenario for 2020. It is essential to develop recovery plans and to implement them urgently, to minimize the harms of the COVID-19 pandemic on Turkish tourism.

Makale detayları

Assessing the short-term impacts of COVID-19 pandemic on foreign visitor’s demand for Turkey: A scenario analysis

Yazarlar: Fatih GÜNAY | Engin BAYRAKTAROĞLU | Kahraman ÖZKUL

Yayıncı: Cem IŞIK

Ana Başlıklar: Ekonomi ve Maliye

Dergi: Journal of Ekonomi 2020 Vol.2 Issue 2, pp.80-85

Belge Tipi: Makale

Yayın Tarihi: 12/2020

Belge Dili: İngilizce

Document ID (Org No.): 2000503967

Sıklık: İki Yıllık

eISSN: 2687-2390

Sayı

Yazarlar:

Fatih GÜNAY | Engin BAYRAKTAROĞLU | Kahraman ÖZKUL

Yayıncı:

Cem IŞIK

Ana Başlıklar:

Ekonomi ve Maliye

Dergi:

Journal of Ekonomi 2020 Vol.2 Issue 2, pp.80-85

Belge Tipi:

Makale

Yayın Tarihi:

12/2020

Belge Dili:

İngilizce

Document ID (Org No.):

2000503967

Sıklık:

İki Yıllık

eISSN:

2687-2390