Challenges of Hospitality, Leisure, and Travel Industry during COVID-19 Pandemic
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Added on  2022/11/24
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This report discusses the challenges faced by the hospitality, leisure, and travel industry during the COVID-19 pandemic. It provides insights into the impact of the pandemic on these sectors and offers recommendations to overcome the challenges.
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Table of Contents Contents INTRODUCTION...........................................................................................................................1 MAIN BODY...................................................................................................................................1 Challenges of hospitality, leisure as well as travel industry during covid19 pandemic......1 Recommendations.....................................................................................................................3 CONCLUSION................................................................................................................................4 REFERENCES................................................................................................................................5
INTRODUCTION Business is referred to an operation by making out once individuals along with making out money in terms of producing as well as buying of product as well as services to customers. It is termed to be colloquially that is to be referred for a company. Whereas management basically consists of various operations in terms of setting out different strategies for company for coordinating efforts of staff members in order to achieve their goals with application of present resources. As management could be referred to those individuals who are managed by company (Loo, 2021). It is also termed to be a coordination as well as administration of task in order to accomplish a goal with a motive of earning profit effectively. As this report is based on effective writing for business as well as management on topic of challenges of hospitality, leisure as well as travel sector during covid-19 pandemic situation by taking up example of Whitbread which is the multinational British Hotel as well as restaurant company that is headquartered in England and provide effective leisure services to customers by having large brewery. As this report includes and mentions about effective challenges as well as issues that are faced by hospitality sector during covid-19 pandemic situation as well as its recommendations on how these issues could be resolved along with its conclusion. MAIN BODY Challenges of hospitality, leisure as well as travel industry during covid19 pandemic. As effects of covid-19 pandemic has spread across entire global world and it is having a primary focus for government as well as business is to carry out safety of individuals. As the focus is to regulate along with carry out implication of different economic growth as well as corporate profits which are to be performed forehead leading out a sharp sale of in equity markets across global world (González-Torres, RodrÃguez-Sánchez and Pelechano-Barahona, 2021). As with the rise of covid-19 pandemic travel tourism as well as hospitality sector has diversity got affected and there are various challenges which could be faced by the sectors in order to carry out their business practices in a smooth manner. As profitability as well as revenues of these factors are affected due to lack of customers along with health issues and standards. As travel and tourism sector are considered to be significant contributors to a leading sector of job creation along with social economic and cultural enhancement. So in many countries, seasons as well as cities travel tourism, leisure as well as hospitality sector performs 1
an important role as a strategic pillar of economy is GDP for maintaining out economic growth. As tourism as well as ledger industry has become vulnerable due to covid-19 pandemic and its effect are faced by companies as a challenge in terms of carrying out their business practices. As hospitality as well as tourism tractors have been specifically got impacted due to covid-19 pandemic with the widespread of a closure as well as later they are reopening their times than other economic operations (Muragu, Nyadera and Mbugua, 2021). As covid-19 pandemic suddenly got disrupted customers along with places on a global wider scale with a youth social- psychological along with economic impacts. As although there are some tourism as well as hospitality business sector that are being precarious state with pre pandemic situations. As by Taking up example of Whitbread company has faced various challenges due to covid- 19 pandemic. As due to covid-19 pandemic leisure and hospitality sector has faced various challenges that are asEconomy hotels as well as accommodations are likely to be recovered:As hospitality sector basically faces a challenge of recovering from covid-19 pandemic for carrying out their business practices (Gerwe, 2021). As luxury hotels as well as resorts like Whitbread are facing out various challenges in terms of generating out their economy again with semi fixed along with fixed income.Customers will prefer closer destinations:As there is a challenge which could be faced by hospitality and leisure sector is that mostly after covid-19 pandemic customers are generally prefer closer places for staying in their holidays. And it becomes challenging for Whitbread as well as other hospitality as well as tourism sector for building a wide reach of customers for having tourist customers along with carrying out long distance flights (Sharma, Thomas and Paul, 2021).Regaining confidence and trust of customers:As it becomes challenging for wheat bread as well as other hospitality and travel tourism sectors to regaintheirconfidenceofcustomersintermsoftheirtravellingaswellasstayingof accommodations. As after covid-19 pandemic customers are mostly preferred health and quality approved facilities in terms of accommodations as well as travelling so that they could be able to avoid different health issues of covid-19. So in that case in becomes challenging for these sectors to convince their customers that they are totally being health hygiene for providing out customer’seffectiveservices(Vărzaru,BoceanandCazacu,2021).TechnologicalSavvy customers:As after covid-19 pandemic customers are majorly prefers technological savvy equipment in terms of taking out online bookings as well as getting out knowledge through 2
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online portals so it becomes difficult for the sectors to keep themselves updated as well as skilled according to changed needs customers for maintaining their sustainability in markets. As along with that there are various experts as well as a reputed agency that are identifying various effects of covid-19 pandemic along with their analyses that most challenging crisis could be affected is hospitality as well as tourism factors as they are phasing out various challenges that are related to economy slowdown as well as lower expenses potential in terms of carrying out their business practices effectively (Cai, Xu and Gao, 2021). as both global as well as regional travel restrictions have already post a dreadful thread in this sector for carrying out different challenges that are required by having attention of hotels along with their independent hotel chains for carrying out a responsibility in terms of contributing in their shipping out new redefining with safety and health equipment. As due to covid-19 pandemic crisis high, medium as well as low intensity of various markets as well as geography is of travel and tourism sector has created a marketwise approach which is needed for generating out new target customers for having their profiles. As Hotel marketers are generally required to generate new targeted customers and device disruptive marketing strategies with their effective policies to a strong digital presence for ensuring their large visibility along with greater reputation of their business practices to carry out their ongoing and maintaining their sustainability in corporate markets with increased and maintained profitability ratio (Khare, Joshi and Alkonda, 2021). Along with that there is a challenge which could be faced by travel and tourism sector is of having healthy cash flows that could be demanded with the tighter cost control for having effective economy as different Hotel brands requires to have a wider business for having a vision so that they could be sensibility performs to cut their cost without having effect of short and long term business investments. Recommendations In order to resolve these challenges as well as issues that are being faced by covid-19 pandemic in in hospitality, leisure, travel and tourism sector there are certain recommendations which could be provided to them for dealing with these challenges effectively in order to maintain their sustainability in marketplace. By taking up example of Whitbread some of recommendations that could be provided to company along with the sector to maintained as well as deal with these challenges of covid-19 pandemic are as follows: 3
ï‚·Company should use effective tools and technologies so that they could be able to deal with customers on online web portals as due to covid-19 pandemic most of the customers are referring with going online. ï‚·As hospitality sector is required to provide effective training and development sessions to their employees and staff members in terms of dealing with customers through online more along with providing them effective services with proper health facilities. ï‚·As travel and tourism sectors are committed to provide effective services by using out website portals along with different equipment so that large customer base could be created for having far distance travelling. CONCLUSION It has been concluded from above report that as being in present era of pandemic situation of covid-19 through which every part of global world has been affected along with their different factors of business. Every factors of business are generally affected by pandemic and they are facing different issues in terms of carrying out their business. As this report explains about various issues and challenges that could be faced by hospitality sector along with leisure and travel sector while covid-19 pandemic situation also with certain recommendations that could be provided to this sector in order to carry out their business practices without having issues. As it explains about different challenges that could be faced by companies in order to run their business practice as due to pandemic they are facing different challenges in terms of gaining out customers that are being affected at high number. As this report clearly defines about effective challenges as well as certain recommendations which could be implemented by companies of these factors in order to provide effective business services to their customers along with building a wide customer range. 4
REFERENCES Books and Journals Cai, G., Xu, L. and Gao, W., 2021. The green B&B promotion strategies for tourist loyalty: surveying the restart of Chinese national holiday travel after COVID-19.International Journal of Hospitality Management.94. p.102704. Gerwe, O., 2021. The Covid-19 pandemic and the accommodation sharing sector: Effects and prospects for recovery.Technological Forecasting and Social Change.167. p.120733. González-Torres, T., RodrÃguez-Sánchez, J.L. and Pelechano-Barahona, E., 2021. Managing relationships in the Tourism Supply Chain to overcome epidemic outbreaks: The case of COVID-19 and the hospitality industry in Spain.International journal of hospitality management.92. p.102733. Khare, A.S., Joshi, A. and Alkonda, V., 2021. Impact of COVID-19 On Travel Motivators. Loo, M., 2021. When do we fly again? Managing Airlines in a Pandemic: Challenges and Recommendations.TurkishJournalofComputerandMathematicsEducation (TURCOMAT).12(3). pp.4959-4978. Muragu, M.M., Nyadera, I.N. and Mbugua, C.W., 2021. Gearing up for the new normal: Kenya’s tourism sector before and after the COVID-19 pandemic.Journal of Policy Research in Tourism, Leisure and Events, pp.1-18. Sharma, G.D., Thomas, A. and Paul, J., 2021. Reviving tourism industry post-COVID-19: A resilience-based framework.Tourism management perspectives.37. p.100786. Vărzaru, A.A., Bocean, C.G. and Cazacu, M., 2021. Rethinking Tourism Industry in Pandemic COVID-19 Period.Sustainability.13(12). p.6956. 5