From pandemic to systemic risk: contagion in the U.S. tourism sector. (Special Issue: COVID-19 and tourism.)
Current Issues in Tourism
; 25(1):34-40, 2022.
Article
in English
| CAB Abstracts | ID: covidwho-1721985
ABSTRACT
This paper investigates the interconnectedness among 95 tourism firms in the U.S. over the 2018-2020 period with a focus on the impact of the Covid-19 pandemic. The results using tail risk spillover analysis show that the level of risk contagion significantly increased during the Covid-19 pandemic. Small tourism firms become more systemically important during the Covid-19 pandemic while the level of bad risk contagion has a negative impact on the stock performance of US tourism firms.
Leisure, Recreation and Tourism Economics [EE119]; Tourism and Travel [UU700]; pandemics; risk; coronavirus disease 2019; tourism; tourist industry; firms; economic impact; USA; APEC countries; high income countries; North America; America; OECD Countries; very high Human Development Index countries; United States of America
Full text:
Available
Collection:
Databases of international organizations
Database:
CAB Abstracts
Type of study:
Prognostic study
Language:
English
Journal:
Current Issues in Tourism
Year:
2022
Document Type:
Article
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