Strategies for Marketing Tourist Destinations in the Face of the 2026 Iraqi Financial Crisis and Energy Corridors Shock: A Prospective Vision to Financially Rescue the Iraqi Economy
DOI:
https://doi.org/10.71285/icpt.v3i2.48Keywords:
Tourist Destination Marketing, Energy Corridors Shock, Strait of Hormuz, Financial Rescue, Iraqi EconomyAbstract
This study is conceived to present prospective vision for awakening ‘Tourist Destination Marketing' and having it as a vital financial salvation tool to generate foreign currency through diversification of income source from the distressed oil rentier's economy. The Iraqi economy suffers from a stifling financial crisis on both sides, more specifically on the structural financial front, due to the sudden stop of crude oil export which made both cash liquidity and rentier revenues, which flow into the Iraqi state's general budget, to cease. The study used the Descriptive-Analytical Method with the Prospective Method to analyze the dimensions of the crisis and identify solution paths by building a model that links tourist destination marketing strategies and indicators of financial rescue. The study concluded with some important findings, such as: 1) Inevitability of rentier exposure: The Iraqi economy proved that oil rent is a threat to national and financial security because of its absolute dependence in 2026 when the Iraqi Strait of Hormuz was shut down. The geographic export deficit became a liquidity deficit threatening the public spending structure and governments' wages. 2) Resilience and Velocity of the Tourism Sector: The tourism sector in Iraq (religious, archaeological and eco-tourism) has operational response flexibility and a high velocity of cash turnover. The capabilities make it ideal to act as the main sectoral shock absorber in absorbing foreign currency during major crisis and are therefore not directly affected by maritime energy corridor bottlenecks.
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