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Restart the Hotel, Restaurant, and Travel Industry in Romania After the COVID-19 Pandemic

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Abstract

Beginning with the final of 2019, the whole world has faced the challenges of a new disease. Each country has dealt with it in a proper way, but all of them adopted radical measures for the sectors major affected. One of the sectors that have been immobilized is tourism. Despite the Romanian tourism it is not a significant contributor to Gross Domestic Product, the lockdown had many strong effects. The present paper contains three main components: the analysis of the hotel, restaurant, and travel industry (the industry evolution between 2014–2019, the analysis of the correlation of the sector with the other sectors of the national economy—Leontief model); the impact of the COVID-19 pandemic on the industry (social and economic impacts) and the plan of proposed measures to reduce the effects of COVID-19 and to relaunch the field in the short and medium terms (measures proposals for large companies and for small and medium enterprises and households, etc.). The aim of this paper is to study the situation of hotel, restaurant, and travel industry in Romania and to find the solutions to restart the activity safely.

Keywords

  • Hotel
  • Restaurant
  • Travel agency
  • Economic analysis
  • Leontief analysis
  • The economic and social influence of pandemic
  • Resilience measures

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  • DOI: 10.1007/978-3-030-86641-9_5
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Fig. 1

Source https://mfinante.gov.ro/

Fig. 2

Source https://mfinante.gov.ro/

Fig. 3

Source https://mfinante.gov.ro/

Fig. 4

Source calculations based on INSSE data

Fig. 5

Source calculations based on INSSE data

Fig. 6

Source calculations based on INSSE data

Fig. 7

Source calculations based on INSSE data

Fig. 8

Source Realized by the authors

Fig. 9

Source INS, data series 2019–2020

Fig. 10

Source INS, data series 2019–2020

Fig. 11

Source INS, data series 2018–2020

Fig. 12

Source Nielsen Consumer LLC

Fig. 13

Source Realized by the authors

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Correspondence to Tigu Gabriela .

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Gabriela, T., Costin, C., Aureliana, P.M., Dan, B., Diana, C.O., Bogdan, C.A. (2021). Restart the Hotel, Restaurant, and Travel Industry in Romania After the COVID-19 Pandemic. In: Dima, A.M., Anghel, I., Dobrea, R.C. (eds) Economic Recovery After COVID-19. Springer Proceedings in Business and Economics. Springer, Cham. https://doi.org/10.1007/978-3-030-86641-9_5

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