engleski

Family Business Tourism Risk in the Context of Coronavirus Pandemic

The coronavirus is crippling the global economy. However, the economic impacts of the pandemic vary significantly across sectors of the economy. This outbreak and related lockdowns are putting the tourism industry under unprecedented pressure. Within months, world tourism went from over- tourism to non-tourism. Therefore, the overall objective of this chapter is to introduce the latest trends in tourism, with emphasis on family businesses. More precisely, the chapter encompasses (1) the theoretical background, which defines family business, highlights their characteristics, and summarizes the importance of leadership succession ; (2) the role of family business resilience and their behaviour in times of crisis ; (3) a review of relevant European Commission policy publications regarding EU tourism and statistical analyses of selected key tourism indicators ; and (4) an analysis of family businesses environment in time of crisis. Hence, this chapter has documented the crucial role that family businesses tourism has within the European Union and on the front line of the current crises.

family business, resilience, tourism, European Union, coronavirus

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