By: The Quinnipiac University Economics Research Team, Jack Hangen
Following the relaxation of COVID restrictions, Slovakia’s tourism industry has rebounded as tourists flock to the country. According to data from Global Payments, while the number of tourists has not yet returned to pre-pandemic levels, tourists coming to Slovakia are spending more money than before. This was evident from this past summer’s tourism season, for as much as 47 million Euros were spent via card payments, with Czech tourism making up 7.6 million Euros of that share. The High Tatras was also the largest tourist attraction this summer, yielding 1.2 million Euros of revenue. While this and other locations experienced an increase in revenue, changes to anti-pandemic policies continue influencing tourist behavior. As the country looks to enhance its COVID protocols, tourists state they are less likely to travel to the country, which could cease the current growth of this industry. Given the volatility of these guidelines, it will continue to take time for this industry’s profitability to return to pre-pandemic levels.
This article is based upon: https://spectator.sme.sk/c/22737266/foreign-tourists-spent-over-47-million-in-slovakia-in-the-summer.html