The economic significance of the tourism sector in Seychelles in the wake of global economic crisis

Abstract

Since the 1970s, authorities of Seychelles have been focusing on the intensive development of tourism on the archipelago. Many sizable investments have recently been made in the development of the tourism sector. However, the global economic crisis may have contributed to slowing down the development of this sector. The aim of this article is to answer the questions: to what extent is economy of Seychelles dependent on the tourism sector, and is there a relationship between changes in GDP and changes in tourism? The article also aims to assess how the tourism economy of Seychelles reacted to the crisis in tourism prompted by the global economic crisis. The final goal was to investigate how the tourism economy of Seychelles was managed during the global economic crisis. The research methods used in the article were statistical data analysis, the Kendall’s tau and Spearman’s rank correlation coefficients, analysis of the literature, and an expert interview