Neki aspekti uticaja finansijske krize na industriju turizma u zemljama zapadnog Balkana
Some Aspects Of Financial Crisis Influence On Tourism Industry In West Balkan Countries
Published by: Универзитет у Нишу
Keywords: Tourism industry achievement; financial crisis; credit restrictions; demand for tourism services.
Summary/Abstract: Over the past six decades, tourism has experienced continued growth and diversification to become one of the largest and fastest growing economic sectors in the world. Over time, more and more destinations have opened up and invested in tourism development, turning modern tourism into a key driver for socioeconomic progress. Tourism has become one of the major international trade categories. Today, the export income generated by international tourism ranks fourth after fuels, chemicals and automotive products. For many developing countries, it is one of the main income sources and the number one export category, creating much needed employment and opportunities for development. Such results are similar even in West Balkan countries. During current financial crisis, the question that arises is how will the financial crisis reflect on the demand for tourism industry services. In this paper, we will examine the influence of cross-border banking finance restrictions on tourism consumption.
- Issue Year: 2009
- Issue No: 1
- Page Range: 51-58
- Page Count: 8
- Language: English