Abstract
Natural healing resources in the form of mineral and thermal waters and climatic conditions, together with a rich history and modern medical procedures, rank Slovakia among the important European countries in the field of spas. At the same time, spa tourism has a significant economic benefit for the country. This study examined the impact of the Coronavirus Disease 2019 (COVID-19) pandemic on spa tourism in Slovakia. The Box-Jenkins methodology was used to model and forecast the time series for selected indicators. The analysis used monthly data on the capacity and performance of spa facilities for 2006–2019 and compared the forecast development for 2020–2021 with the reality as affected by the pandemic. Despite the high quality of the models, the methodology used did not take into account an unexpected event such as a pandemic. Therefore, the models were quite inaccurate and had little predictive value. At the same time, it is clear that the pandemic significantly affected spa tourism.
Highlights
Time Series Modeling Analysis of the Development and Impact of the COVID-19 Pandemic on Spa Tourism in Slovakia
The aim of this paper is to examine the impact of the COVID-19 pandemic on spa tourism in Slovakia by analyzing the available time series
In connection with the issues addressed in this paper, we considered it necessary to provide an overview of studies about the Slovak spa tourism market and companies published in international scientific journals and conference proceedings
Summary
Time Series Modeling Analysis of the Development and Impact of the COVID-19 Pandemic on Spa Tourism in Slovakia. The development of European spas, based on natural mineral springs, differed from ordinary springs in appearance, taste and temperature. A modern spa treatment, based on local natural resources, is medically supervised and takes into account climate change and the environment [1]. It is possible to identify regional development trends based on local traditions, resources, attitudes or activities [3]. The Slovak Republic, thanks to its natural healing resources and long traditions, belongs to the major European spa countries. In Slovakia, judging by the revenue it generates and the number of overnight stays, it is a significant part of the overall tourism structure [6]
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