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The Local Economic Impact of the COVID-19 Pandemic on the Hospitality Industry

Eric Beckman 1 and Steve Morse 2
1. Chaplin School of Hospitality and Tourism Management | Florida International University 3000 Northeast 151 Street, North Miami, FL. USA. 33181
2. School of Business| Middle Georgia State University 100 University Parkway Macon, GA 31206

Abstract— Tourism economic impact studies in are important in that this type of research communicates and quantifies the positive or negative impacts of activities or events on the local community and state. Some of these effects include an increase or decrease in employment, wages, local tax revenue, and revenue for different local industries. Economic impact studies have measured the impacts events or outdoor leisure activities, but no prior research has measured the negative economic impact a pandemic on a local community. To fill this research gap, the authors conducted an economic impact study of COVID-19 on Miami-Dade County, Florida, USA. Furthermore, this study reinforces proper economic impact methods, and utilizes the input/output model most often used quantify impacts in the USA. 

Index Terms—economic impact, pandemic, Covid-19, hospitality industry, local impact, input/output model

Cite: Eric Beckman and Steve Morse, "The Local Economic Impact of the COVID-19 Pandemic on the Hospitality Industry," Journal of Advanced Management Science, Vol. 8, No. 3, pp. 98-102, September 2020. doi: 10.18178/joams.8.3.98-102

Copyright © 2020 by the authors. This is an open access article distributed under the Creative Commons Attribution License (CC BY-NC-ND 4.0), which permits use, distribution and reproduction in any medium, provided that the article is properly cited, the use is non-commercial and no modifications or adaptations are made.
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