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The outbreak of COVID-19 in 2020 had a major impact on the European tourism sector, with substantial variations … recorded between regions. To build a more resilient tourism ecosystem, a deeper knowledge of the factors underscoring tourism … COVID-19's impact on tourism demand in EU-27 and EFTA countries at the NUTS2 level during the pandemic's first year. Through …
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The paper uses monthly data on financial stock index returns, tourism stock sub-index returns, effective exchange rate … constructing a tourism financial indicator, namely the Tourism Financial Conditions Index (TFCI). The TFCI is an adaptation and … extension of the widely-used Monetary Conditions Index (MCI) and Financial Conditions Index (FCI) to tourism stock data. However …
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