The Global Tourism Industry After the COVID-19 Pandemic: Prospects and Ways of Recovery

Abstract

This work is devoted to the prospects for the recovery of the tourism industry after the Covid-19 pandemic in the context of the transformations of this industry, which are the consequences of the pandemic. The theoretical significance of the work is determined by tracing in it the patterns of recession and recovery of the globalized sphere of the world economy in the context of the global crisis, which has several dimensions, within the framework of a specific case. The practical significance of the work is due to the fact that, on the basis of identifying short and medium-term trends that contribute to the recovery of the tourism industry, recommendations are proposed to accelerate the latter and deepen the positive trends associated with it. The relevance of this work is due, on the one hand, to the need for the most effective means of restoring global tourism, on the other hand, the need to understand the impact of multidimensional crises on a global scale (such as the Covid-19 pandemic) on the globalized economy of the modern world and its individual industries. The world tourism industry as a part of the global economy was selected as the object of analysis. The subject of the study is the recovery process of the global tourism industry after the recession caused by the Covid-19 pandemic.