Effect of Tourism on Domestic Economy: Comparative Analysis of France and Spain

Jan Hervert

Bachelor's thesis

Abstract:

The goal of the following thesis is to answer the question of whether tourism plays a big role in the economy of given states by taking a look at the macroeconomic indicators before and after the pandemic. In addition, the author will eventually find out the country more dependent on tourism – Spain or France by assessing the extent to which their domestic budgets receive money from tourists. The author considers the time interval between 2012 and 2021 for his analysis and the author focuses on secondary data obtained from Trading economics database, which is analyzed using linear regression estimation and correlation analysis. In the end, the author is able to draw the conclusion that France is much more successful in terms of tourism than Spain. This is the case despite the fact that both countries offer more or less the same range of activities and types of tourism covering almost all possible domains of tourism. The author's research was extensive, and as a result, he was able to draw this conclusion. The author arrives to the conclusion that France brings in 1.02 billion euros in income per million tourists, whereas Spain only brings in 0.97 billion euros in revenue per million tourists. Following his analysis, the author comes to the conclusion that the tourism industry is not the primary source of income for either country, as the statistical effect on the growth of the most important macroeconomic indicator, gross domestic product (GDP), is incredibly low.

Keywords

tourism, pandemic, budget

Jazyk práce: English

Datum vytvoření / odevzdání či podání práce: 15. 3. 2023

Obhajoba závěrečné práce

• Obhajoba proběhla 15. 5. 2023
• Vedúci: Ing. Olga Regnerová, Ph.D.
• Oponent: Petra Šánová, Ing.

Czech University of Life Sciences Prague

Faculty of Economics and Management

Bachelor programme:
Business Administration