Romania’s Tourism Market. Trends and Influencing Factors

The tourism market is the economic space in which all transactions in the form of tourism consumption and production take place. Although competition is the main instrument that defines a free market economy, nevertheless in the tourism market it is necessary for the state to intervene by establi...

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Bibliographic Details
Main Author: Marian Ionel
Format: Article
Language:English
Published: Ovidius University Press 2023-08-01
Series:Ovidius University Annals: Economic Sciences Series
Subjects:
Online Access:https://stec.univ-ovidius.ro/html/anale/RO/2023-i1/Section%203/20.pdf
Description
Summary:The tourism market is the economic space in which all transactions in the form of tourism consumption and production take place. Although competition is the main instrument that defines a free market economy, nevertheless in the tourism market it is necessary for the state to intervene by establishing certain regulations concerning the provision of tourism services by hoteliers and tourism intermediaries in order to ensure the protection of tourists as consumers of tourism services. The tourist market is a complex and dynamic market, which is constantly subject to both endogenous and exogenous factors, such as economic, political, social, legislative, psychological, natural, geographical, military and health factors. In Romania, the tourism market has shown trends of decline, stagnation or growth under the influence of factors specific to the Romanian economy, the aim of this paper being to highlight these aspects.
ISSN:2393-3127