The Impact of COVID-19 on London B&B Sector: A Supply Perspective
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Added on  2023/06/11
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This research paper analyzes the impact of COVID-19 on London B&B sector's business performance, with a case study on Premier Inn. It includes a mini literature review, problem statement, research aim, objectives, questions, methodology, and timescale.
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Contents Title: The impact of COVID-19 on the London B&B sector: A supply perspective”....................1 INTRODUCTION...........................................................................................................................1 1.2 Background............................................................................................................................1 1.3 Mini literature review............................................................................................................1 To analyse the impact of COVID-19 on London B&B sector’s.......................................1 To determine the various issues faced by Premier Inn due to COVID-19........................2 To evaluate the several ways applied by Premier Inn in order to overcome the COVID-19 impact................................................................................................................................3 To ascertain the various advantages which are obtained by Premier Inn by overcoming the COVID-19 impact.............................................................................................................3 To suggest the different strategies which would be utilized by Premier Inn in order to overcome the impact of COVID-19?.................................................................................4 1.4 Problem statement or aim and objectives..............................................................................4 1.5 Research methodology...........................................................................................................5 1.6 Timescale...............................................................................................................................6 REFERENCES................................................................................................................................8
Title:TheimpactofCOVID-19 ontheLondonB&Bsector:A supply perspective”. INTRODUCTION In United Kingdom, London B&B sector is known to be developing industry in which several activities as well as roles are being conducted in order to facilitates the services to their guests. The present research highlights the impacts of COVID-19 on London B&B sector’. The topic which are going to be discussed in this study are background, literature review, problem statement, research aim, objectives and questions. Apart from this, research methodology and time scale are also discussed in this research proposal. 1.2 Background London B&B is considered as the modern accommodation capacity which is located across the London Hotel districts. Moreover, the COVID-19 pandemic situation has impacted whole industry across the world essentially London B&B sector. Additionally, respective industry in London is largely impacted business performance as this outbreaks forced many firms to shut down their business. In addition to this, it has been seen that B&Bsector of London and faced variousproblemsduetoCOVID-19inwhichentitiesevaluatedminimisationintheir profitability, revenues and so on. 1.3 Mini literature review To analyse the impact of COVID-19 on London B&B sector’s. According toFu, (2020),due to the implication of COVID-19 the industry of B&B has faced different issues in which the industry had issues in managing their survival. The B&B industry is directly related with its customers and due to global pandemic COVID-19 there were several restrictions in which people were not able to come out and use services of B&B. This was the major reason that this industry has faced severe issues in attracting customers and dealing with their business policies. One of the significant effects of COVID - 19 circumstances has been interruption inside the production network which has made London B&B area free their proficiency as well as adequacy inside the market. This has likewise made London B&B business see decrease in client 1
base because of absence of item accessibility. The supply chain of B&B has disrupted as due to certain lockdown and other restrictions this was not easier for the industry to instigate regular supply chain which lead them into facing of different challenges. On the other hand, as the pandemic has resulted in different restrictions and lockdown which means that the organisation was not able to catch needed customers and retaining them as well. To determine the various issues faced by Premier Inn due to COVID-19. According toChang and Kim, (2020),due to global pandemic the hospitality industry has faced the major issues as the industry is directly linked with their customers. The industry has developed differential aspects due to which they are wholly dependent over their customers and within the period of COVID the industry is facing negative implication of COVID-19. Some of the issues are elaborated as under: The lack of work put an enormous effect on the general creation and efficiency of the organizations. Disturbance of supply chain additionally caused significant issue during the pandemic. Because of the lockdown, trading labour and services was very troublesome. Due to the implication of COVID-19 the labour shortage was seen in the industry as the labour has left their jobs and reached to their homes. It has been analysed that the time of COVID-19 was very crucial due to which industry faced different financial crisis and disasters. The buying behaviour of customer has changed amid COVID-19 as customer now willing to expand over their necessities. Another issue is related with maintaining hygiene over the premises so that customer may feel safe and secured. The extra efforts to manage safety and hygiene would lead into increasing the overall cost of the business offerings by which customer expenditure would increase. As per the WHO guidelines this has been analysed that there are several regulations and guidelines which were introduced and these were needed to be followed which has reflected the services of the organisation. The B&B services is the services which needs higher magnitude of the research in which direct communication with customer is needed to be build up so that the impact of COVID-19 has diminished the existence of the industry. 2
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To evaluate the several ways applied by Premier Inn in order to overcome the COVID-19 impact. According toSinem, Känzig and Surico, (2020), The several ways applied by Premier Inn in order to overcome the COVID-19 impact are: Machine learning and AI systemis embraced as truly outstanding and powerful pattern close by this with the help of taking advantage of advancement like AI search and booking informational index firms in London can gainfully allow clients to search for and book rooms in lodgings. With the help of machine learning minimise interaction with customer will be made so that safe stay can be provided to the customers. On the other hand, by giving options to the customers to book hotel by using internet this will develop ease within the customers and could be helpful for Premier Inn to catch attention of higher customers. Mobile application integration, this is attempted as one of the fundamental ways for London B&B firms to improve their business execution. The Premier Inn has introduced mobile application integration so that to platform to the customers can be given in respect of booking the services and using the same. This is the gateway which would be helpful for the customers to use such services in easy manner and retain into the organisation for longer period. To ascertain the various advantages which are obtained by Premier Inn by overcoming the COVID-19 impact According toHuang and et. al., (2020),this has been analysed that with the help of dealing with the impact of COVID-19 the hospitality industry is able to regain their market position which means that losses was recovered in a very short span of time. On the other hand, with the help of appointing talented staff this is helpful in meeting business standards and objectives in timely manner. Besides this using such measures hospitality industry was able to manage their profitability in effective manner so that overall business functions can be managed in effective manner. The major advantage is related with retaining customers as in the context of hospitality industry this is analysed that the industry needs direct interactions with the customers so with the help of using appropriate measures this is helpful in retaining customers for longer duration of time. 3
To suggest the different strategies which would be utilized by Premier Inn in order to overcome the impact of COVID-19? According toThams and et. al, (2020), there are different systems that can be taken on by Premier Inn to conquer the difficulties presented by the circumstance of COVID - 19 pandemic. The associations can utilize the system of remote working which will permit the business to protect its representatives as well as guarantee that keep up with its proficiency inside their business tasks. Moreover, it can permit the associations to keep their representatives intention in the pandemic circumstance. By taking all the aspects of COVID-19 the company is needed to manage safety and hygiene measures so that customers can be retained and at the same time business functions can be managed appropriately. The hospitality industry is also needed to use measures of fair recruitment policies so that appropriate staff can be appointed and at the same time business functions can be managed in significant manner. Another strategy is related with giving prominent trainings and development measures to their staff so that skills and capabilities of employees can be enhanced and they can cater customer in better way. In hospitality industry customers are directly related with employees so that by giving ample amount of trainings to the employee this will be easier for the organisation that to acquire desired market image. 1.4 Problem statement or aim and objectives Research Aim “To analyse the impact of COVID-19 on London B&B sector’s business performance. A case study on Premier Inn”. Research Objectives To analyse the impact of COVID-19 on London B&B sector. To determine the various issues faced by Premier Inn due to COVID-19. To evaluate the several ways applied by Premier Inn in order to overcome the COVID-19 impact. To ascertain the various advantages which are obtained by Premier Inn by overcoming the COVID-19 impact. 4
ď‚·To suggest the different strategies which would be utilized by Premier Inn in order to overcome the impact of COVID-19? Research Questions ď‚·What are the impacts of COVID-19 on London B&B sector? ď‚·What are the various issues faced by Premier Inn due to COVID-19? ď‚·What are the several ways applied by Premier Inn in order to overcome the COVID-19 impact? ď‚·What are the various advantages which are obtained by Premier Inn by overcoming the COVID-19 impact? ď‚·What arethe different strategies which would be utilized by Premier Inn in order to overcome the impact of COVID-19? 1.5 Research methodology Research philosophy: Positivism research philosophy is taken into account as it is more appropriate and assist in obtaining information based on facts. The main motive behind this selection is positivism helps in drawing conclusions which are free from biasness and make effective use of statistics to obtain more reliable information. Research method: There are two main forms of research that is quantitative and qualitative. In the present study, quantitative research is appropriate and effective as it assist in gaining in-depth and numerical information about topic. Research approach- It is categorised into two types which is inductive and deductive research approach. In context to the present investigation, deductive approach is appropriate as it assist in collecting quantitative information in less time frame. Data collection: it is mainly categorised into two types which is primary data and secondary data. In the present study, both of these methods are to be used in obtaining information related to the topic. The use of primary data would help in gaining first-hand information making the research more authentic and original. Whereas the secondary data would facilitate the study through making a vast range of information available through huge availability of articles, books and journals. Dataanalysis:itreferstotheactionofanalysingdatasothatbetterconclusionsand interpretations could be obtained from summarising the data. This can be done through thematic analysis and frequency distribution analysis but as per this study, frequency distribution will be 5
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usedasithelpsinunderstandingandanalysingdatathrougheffectiveuseofgraphic representations. Sampling: For the purpose of collecting data using primary methods of research, 20 employees of Premier Inn are chosen as participants by random sampling, a part of probability sampling method. The main rationale behind selecting employees as respondents as they are familiar with the policies and standards of the company. Therefore, it would support the study and helps in obtaining more reliable outcomes. Research instrument:It is referred as the technique which is used by researcher in order to collect data. There are different forms of research instrument that is questionnaire, interview, focus group and many more. For the present study, questionnaire will be used as it assist in collecting primary data and also help investigator to collect valid information directly from the respondents. 1.6 Timescale 6
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REFERENCES Books and Journal González-Torres, T., RodrĂguez-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. Mehta, M.P., Kumar, G. and Ramkumar, M., 2021. Customer expectations in the hotel industry during the COVID-19 pandemic: a global perspective using sentiment analysis.Tourism Recreation Research, pp.1-18. Sobaih, A.E.E., and et al., 2021. Responses to COVID-19: The role of performance in the relationship between small hospitality enterprises’ resilience and sustainable tourism development.International Journal of Hospitality Management,94, p.102824. Yang, M. and Han, C., 2021. Revealing industry challenge and business response to Covid-19: a text mining approach.International Journal of Contemporary Hospitality Management. Fu, Y.K., 2020. The impact and recovering strategies of the COVID-19 pandemic: Lessons from Taiwan’s hospitality industry.Cogent Social Sciences,6(1), p.1829806. Chang,H.andKim,M.,2020.PUBLICHEALTHSTRATEGYFORCOVID-19FOR HOSPITALITY INDUSTRY IN TAIWAN. InBET ON HEALTH, INTERNATIONAL SCIENTIFIC CONFERENCE, OCTOBER(p. 61). Faculty of Tourism, University of Maribor. Sinem, H., Känzig, D. and Surico, P., 2020. The Distributional Impact of the Pandemic. Huang and et. al., 2020. Understanding the impact of COVID-19 intervention policies on the hospitalitylabormarket.InternationalJournalofHospitalityManagement,91, p.102660. Thams and et. al, 2020.An initial assessment of economic impacts and operational challenges for the tourism & hospitality industry due to COVID-19(No. 2/2020). IUBH Discussion Papers-Tourismus & Hospitality. (Fu, 2020)(Chang and Kim, 2020)(Sinem, Känzig and Surico, 2020)(Huang and et. al., 2020) (Thams and et. al, 2020) 8