Srdjan Milićević
- Metropolitan University, Faculty of Management, Tadeuša Košćuška 63, 11000 Belgrade, Serbia
Aleksandar Kostić
- University of Priština, Faculty of Economics, with temporary headquarters in Kosovska Mitrovica, Kolašinska 156, 38220 Kosovska Mitrovica, Serbia
Abstract:
This chapter examines the development of tourism and its economic significance in a sample of five Western Balkan (WB) countries and five neighboring European Union (EU) countries over the period of 2010–2020. Through an advanced comparative statistical analysis of trends in the tourism industry within these two groups, the research identifies a significant driving influence of tourism on economic development for both regions. The findings indicate that the impact of tourism on economic growth is more pronounced in the WB countries, particularly those with a lower per capita gross domestic product. The analysis also highlights the severe impact of the global COVID-19 pandemic in 2020, which led to a marked decline in all key tourism development parameters.
9th International Thematic Monograph: Modern Management Tools and Economy of Tourism Sector in Present Era - 9th International Thematic Monograph: Modern Management Tools and Economy of Tourism Sector in Present Era
Published by: Association of Economists and Managers of the Balkans; Faculty of Tourism and Hospitality, Ohrid, North Macedonia
ISBN: 9788680194943 , ISSN: 26835673 , DOI: 10.31410/tmt.2024-2025
Creative Commons Non Commercial CC BY-NC: This article is distributed under the terms of the Creative Commons Attribution-Non-Commercial 4.0 License (https://creativecommons.org/licenses/by-nc/4.0/) which permits non-commercial use, reproduction and distribution of the work without further permission.