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WTO Working Papers

WTO working papers usually represent research in progress. Such research may be conducted in the preparation of WTO Secretariat reports, studies or other material for WTO members. The papers are circulated for comment because the WTO considers critical review of professional research to be extremely important.

English

International Trade in Travel and Tourism Services

Economic Impact and Policy Responses during the COVID-19 Crisis

In this paper, we investigate tourism-related policy approaches that WTO member countries adopted in the early weeks of the COVID-19 crisis. We highlight the need for stakeholders to coordinate their responses in order to mitigate the negative crisis effects and better prepare the sector for the future. In doing so, we explore the economic impact of potential tourism scenarios, underlining both the demand and supply side effects of the crisis.

English

Keywords: Economic policy, Travel, Services trade, Tourism, Monitoring, Economic impact, COVID-19
JEL: F13: International Economics / Trade / Trade Policy; International Trade Organizations; O14: Economic Development, Innovation, Technological Change, and Growth / Economic Development / Industrialization; Manufacturing and Service Industries; Choice of Technology; L83: Industrial Organization / Industry Studies: Services / Sports; Gambling; Restaurants; Recreation; Tourism
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