Challenges of Hospitality, Leisure and Travel industry during Covid-19 pandemic

This assignment discusses the challenges faced by the hospitality, leisure, and travel industry during the Covid-19 pandemic. It explores the impact of the pandemic on the tourism sector and the decrease in sales and profit margins. The report also highlights the need for innovation and creativity in the industry to adapt to the changing circumstances.

Academic Writing for Business and
Management
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TABLE OF CONTENT
INTRODUCTION...........................................................................................................................3
MAIN BODY...................................................................................................................................3
Challenges of Hospitality, Leisure and Travel industry during Covid-19 pandemic.............3
CONCLUSION................................................................................................................................5
REFERNECES................................................................................................................................6
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INTRODUCTION
The academic writing for business as well as management is determined as less formal concise,
adopting active voice. The purpose and aim of business academic writing is to provide
information to some other person or to the request of information or data from them. Thus, it is
analysed that the academic writing for organisation must be accurate &completed. In this report,
there is a discussion recording challenges of hospitality, travel as well as leisure sector due to
COVID-19 in an appropriate manner. The tourism sector is determined as a primary factor that
would greatly impact due to covid-19 pandemic. Therefore, the discussion related to impact of
COVID-19 on hospitality sector is given in this assignment in an appropriate manner. It is
analyse that due to increase in pandemic, it decreases sales and profit margin of different sector
during the period of time(Mendling and et. al., 2018).
MAIN BODY
Challenges of Hospitality, Leisure and Travel industry during Covid-19 pandemic
In this assignment, there is a discussion regarding how the tourism, leisure and hospitality
sector faced impact of COVID-19. These are determined as a sector that is affected due to
pandemic situation. The data &review was created from secondary material on interview as well
as online blogs by social media chats. Finding review reveal that outbreak related to pandemic
disease results in rapid shut down within cities around the nation that imposes direct effect on
hospitality sector. The pandemic imposes adverse effect on tourism and hospitality sector. The
finding of review reveal covid-19 increases cancellation of hotels as well as travel booking
results within loss of income and arise situation related to unemployment that leads to loss of
revenue to government and enhance incidence related to poverty between others. In addition to
this, it is analysed that the covid-19 imposes direct effect on tourism, leisure and hospitality
sector. Therefore the unexpected occurrence related to infection in context of outbreak are not
determined as a longer exceptional around the globe and countering infection of diverse kind
posing international ramification. It is analysed covid-19 positive effect on the hospitality sector,
the travel as well as tourism Council recently analysed that covid-19 pandemic could result in cut
down 50 million employment around the world within travel sector. Therefore, it is analysed that
it imposes direct effect on sales and profit margin of this sector. In context of travelsector,
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hospitality sector, due to Quarantine measures, there is different kind of workers do not moved to
its place and carry out job that imposes direct effect on its income specifically for casual
employed worker. In present atmosphere, there is an uncertainty arises, so that the organisation
focuses on delay investment related to buying goods and hiring worker. The effect of hospitality
sector is a good fetch measure of individual person within hospitality sector(Hermann and et. al.,
2017).
There is different kind of challenges which is faced by hospitality, tourism and leisure sector, the
government in every nation around the world handle pandemic. In context of shutdown, travel
restriction as well as economic release (Jones and Comfort, 2020). The uncertainty regarding
innovation it is necessary for business organisation to bring innovation as well as creativity in
order to perform their work in an appropriate manner so it is analysed that pandemic bring
innovation as well as creativity in different area making organisation stronger &superior than
before the only thing is excited regarding is industrial sector to come out so that they perform
their work in an appropriate manner with better efficiency as well as productivity (Ye and Law,
2021). Due to providing work from home it is changed the thinking of individual person to
perform their work at home it imposes direct effect on profitability of company during particular
phase of time due to lock down the hotel, travel and tourism sector.
The current issue within tourism is determined as a vehicle restriction that emphasis on
effect of covid-19 on Destination Company, consumer, transit zone, and tourist transport and so
on. And such kind of communication suited to research but also focuses on increasing their
contribution towards covid-19 (Jena and et. al., 2020). In addition to this, the tourism industry
face different kind of crisis due to covid-19 pandemic they do not operate their business in an
appropriate manner and it decreases revenue of business organisation during the period of time.
In wake of corona virus pandemic, there are different kind of industry have fallen like tourism
sector the due to technological revolution that is closer together through making sale is tourism
sector but due to covid-19, it imposes negative effect on the revenue of organisation(Ferreira
Gregorio and et. al., 2018).
In march, 2020 corona viruses within America the President Donald Trump extend the limit on
travel work and gathering of individual person in at least other month and perhaps to join
summer vacations can hold. This month lead to initiation of the covid 19 virus across UK in a
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serious manner (Our COVID-19 cloud silver lining’: the initiation and progress of postnatal
contraception services during the COVID-19 pandemic in a UK maternity hospital, 2021). The
effect of travel is seven times larger than 9/11 attacks. Therefore, it is analysed that it decreases
the revenue of tourism sector during the period of time. Covid-19 possess unprecedented
disruption to hospitality industry and have witnessed the period before that is quite
transformative the hotel and endured tremendous shift our past years forcing them to rapidly
execution that reshape future of hospitality sector so it comes to a mapping the post pandemic
recovery there is uncertainty line a head. Therefore, the demand for hospitality sector changed
dramatically in these years (Zeng and et. al., 2017). The price is fundamentally shifted to
landscape to buyer market and lead to dynamic transformation within the consumer or user
behaviour pattern which generated significant effect on administration as well as marketing
activities and function of hospitality sector around the globe (Kunwar, 2021. In assistance of this,
due to situation of covid-19 regularly evolve it is important for hospitality sector to observe for
trend that eventually shape roadmap for recovery within 2021 is back that is considered will how
traveller will ultimately regard to expectation of user as reference pandemic practices will retain
consumer and increases confidence of organisation during the period of time. There is different
kind of changes on how travel as well as hospitality sector will perform their function during this
period of time (Hong and et.al., 2020). The safety provides to the traveller and also provide clean
ambience that is determined as a importance of the hospitality sector therefore the consumer
focuses on searching for Hotel brand that generate confidence in current situation of covid-
19(Purwanto and et. al., 2019).
The overall impact on the global economy can be observed because of the coronavirus
outbreak the parent company of Jimmy Choo and Michael kors announced that they have been
facing a reduction of quarterly sales that is forecasted by US dollar hundred million. The
automotive industry also witnessed a slow down because of the automakers shutting down the
factories. In context of food and beverage industry China accounts for 10% of Coca-Cola as
global sales volume. But the recent outbreak of virus created a situation where coca cola as a
global food and beverage brand had to bring the operations to complete stock that resulted in
palpable short term impact. For the decline in the prices of oil created a disturbing economic in
balance and force manufacturers to cut down their production cost. Many economics across
different parts of the world believe that it is early to forecast the extent of consequences. But it
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can be clearly observed that the impact of covid-19 virus will be beard by all the economy is
across developed and developing nations in a coming time period of 3 to 5 years. It was also
anticipated that break out of the coronavirus is worse than the SARS pandemic. In the year 2003
china represented 4.2 percent of global economy but now it accounts for just 16.3 of the world’s
GDP. The unpredictable nature of this covid 19 pandemic is making it more difficult to deal with
the realities (COVID-19 impact on the hospitality industry: Exploratory study of financial-slack-
driven risk preparedness, 2020).
Apart from this, it is necessary for hospitality sector to provide clean environment to its
customers so that they are staying within hotel. And, technology is determined as other thing that
is considered as a challenge which is faced by hospitality sector and due to COVID-19, it is
necessary for hospitality sector to grab opportunity in order to reinvestment and leverage
technology for increasing program administration and increases experience of guest. The
technology focuses on increasing engagement and history on innovative technology will be
determined as a necessity. It is analysed at corporate as well as group travel remains lag behind
leisure in upcoming months. The organisation travellers are ready to fly again to be a limited
through corporate travel policy hotels along with heavy reliance on larger groups as well as
convention to pick meeting attendees so that they get reaccelerated for winning a lot of
individual people during the period of time. It is analysing that due to increase in pandemic, it
decreases sales and profit margin of different sector during the period of time. Thus, it decreases
the face-to-face interaction and person focuses on maintaining social distance so that it imposes
direct effect on revenue of hospitality, travel and leisure sector in adverse manner (Buffa and et.
al., 2018).
The impact of covid-19 spread across different parts of the world there is a negative impact on
the overall economic growth and corporate profits of equity markets across the globe. The
situation is leading to bringing new business opportunities and model for defining the instance of
new delivery concepts. It is based on the impact on working capital profitability and financial
impact on the various hospitality sectors (COVID-19 impact on the hospitality industry:
Exploratory study of financial-slack-driven risk preparedness, 2020).
Travel and tourism: The World tourism and travel council has recently warned that covid-19
has led to cutting down of 15 million jobs across worldwide. As per Oxford economics study
Asia is expected to be the worst affected continent. Apart from this the data suggest that industry
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can take many months to recover. From the broader closest level plants and Quarantine measures
workers are not able to move from one place to another and carry out their jobs effectively. As
per our present environment there is fear and uncertainty that is leading to delay in investments
hiring of workers that is affecting the overall hospitality industry. There is a requirement of a
compensation approach so that businesses are able to save their work force (Impact of COVID-19
on the hospitality industry, 2020).
Some of the opportunities that are required for upgrading skill set include:
Up skill: there has to be creating opportunities for hotel employees to add value to the skill sets 5
building confidence in hospitality sector.
Re skill: there can be offering of fruits such as recognition of prior learning opportunities to
qualified hospitality frontline professionals.
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CONCLUSION
On the basis of above given analysis, it is assess that the academic writing for business as
well as management is determined as less formal concise, adopting active voice. The purpose
and aim of business academic writing is to provide information to some other person or to the
request of information or data from them. Thus, it is analysed that the academic writing for
organisation must be accurate &completed. In this report, there is a discussion recording
challenges of hospitality, travel as well as leisure sector due to COVID-19 in an appropriate
manner. The tourism sector is determined as a primary factor that would greatly impact due to
pandemic. Therefore, the discussion related to impact of pandemic on hospitality sector is given
in this assignment in an appropriate manner. It is analyse that due to increase in pandemic, it
decreases sales and profit margin of different sector during the period of time. The tourism sector
has been affected because of the COVID 19 pandemic and it is going to face serious
consequences because of the changing behaviour of people towards travel and leisure activities
in coming time period.
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REFERNECES
Books and Journals
Mendling and et. al., 2018. Blockchains for business process management-challenges and
opportunities. ACM Transactions on Management Information Systems (TMIS), 9(1),
pp.1-16.
Hermann and et. al., 2017. Collaborative business process management-a literature-based
analysis of methods for supporting model understandability.
Jena and et. al., 2020. Measuring the impact of business management Student's attitude towards
entrepreneurship education on entrepreneurial intention: A case study. Computers in
Human Behavior, 107, p.106275.
Ferreira Gregorio and et. al., 2018. A systematic literature review of bio, green and circular
economy trends in publications in the field of economics and business
management. Sustainability, 10(11), p.4232.
Purwanto and et. al., 2019. Study the importance of business ethics and ethical marketing in
digital era. Journal of Critical Reviews, 6(5), pp.150-154.
Buffa and et. al., 2018. Environmental management practices for sustainable business models in
small and medium sized hotel enterprises. Journal of Cleaner Production, 194, pp.656-
664.
Zeng and et. al., 2017. An integrated modeling framework for quantitative business continuity
assessment. Process Safety and Environmental Protection, 106, pp.76-88.
Hong and et.al., 2020. The impact of COVID-19 on tourist satisfaction with B&B in Zhejiang,
China: an importance–performance analysis. International Journal of Environmental
Research and Public Health, 17(10), p.3747.
Jones, P. and Comfort, D., 2020. The COVID-19 crisis, tourism and sustainable
development. Athens Journal of Tourism, 7(2), pp.75-86.
Ye, H. and Law, R., 2021. Impact of COVID-19 on hospitality and tourism education: a case
study of Hong Kong. Journal of Teaching in Travel & Tourism, pp.1-9.
Kunwar, B.B., 2021. The Impact of COVID-19 on Tourism: A Case Study of Lumbini,
Nepal. The Gaze: Journal of Tourism and Hospitality, 12(1), pp.23-43.
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Hospitality and tourism industry amid COVID-19 pandemic: [online], Available
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Effects of COVID-19 pandemic on hospitality industry: review of the current situations and a
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