Tourism in the post-pandemic world: economic challenges and opportunities for Asia-Pacific and the Western Hemisphere

Departmental paper No. 21/2

Corporate Author:
International Monetary Fund Asia and Pacific Department
Manuela Goretti

This departmental paper analyzes the impact of the COVID-19 pandemic on tourism in the Asia Pacific region, Latin America, and Caribbean countries. Many tourism dependent economies in these regions, including small states in the Pacific and the Caribbean, entered the pandemic with limited fiscal space, inadequate external buffers, and foreign exchange revenues extremely concentrated in tourism. The empirical analysis leverages on an augmented gravity model to draw lessons from past epidemics and finds that the impact of infectious diseases on tourism flows is much greater in developing countries than in advanced economies

Extent ix, 104p. ISBN 9781513561905
Size N/A Price £20.50
Format Paperback Published 28 Feb 2022
Availability Out of stock - available to order Delivery Delivery options and charges