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Research output: Contribution to Journal/Magazine › Journal article › peer-review
Research output: Contribution to Journal/Magazine › Journal article › peer-review
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TY - JOUR
T1 - COVID-19 and gradual adjustment in the tourism, hospitality, and related industries
AU - Tsionas, Mike G
PY - 2021/12/1
Y1 - 2021/12/1
N2 - 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.
AB - 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.
KW - COVID-19
KW - Dynamic analysis
KW - Gradual adjustment
KW - Tourism and hospitality
U2 - 10.1177/1354816620933039
DO - 10.1177/1354816620933039
M3 - Journal article
VL - 27
SP - 1828
EP - 1832
JO - Tourism Economics
JF - Tourism Economics
IS - 8
ER -