Challenges of Hospitality Leisure and Travel industry during Covid19 pandemic

Challenges of
Hospitality Leisure and
Travel industry during
Covid19 pandemic
Table of Contents
Table of Contents

INTRODUCTION...........................................................................................................................1
Positive impacts on Companies.......................................................................................................1
Negative impacts on Companies......................................................................................................3
CONCLUSION................................................................................................................................4
References:.......................................................................................................................................5

INTRODUCTION
Essay topic: Challenges of Hospitality, Leisure and Travel industry during Covid-19
pandemic
Hospitality, leisure and travel industry is defined as the broad category of domains within
the service industry. It includes the services of lodging, food and drink service, event planning,
theme parks, travel and tourism. Further classification of services involves the hotels, tourism
agencies, restaurants and bars. Talking about leisure, it includes the sports and multi purpose
venues. In terms of tourism, domestic and international travel is included which contains the
activities such as sightseeing and attractions (Kumar, Normala and Belhadi, 2021).
The Covid-19 pandemic has resulted in a great challenges in front of the hospitality,
leisure and travel industry which has led to the severe repercussions. Strategies adopted by the
companies has resulted in the harmful outcomes due to the deadly pandemic. It has not only
destroyed the hospitality industry but the entire economy of a particular nation. Recovery of
losses has demanded more than one stakeholders in order to get solutions for raising up the
industry. Another major issue associated are such that the countries which are developing are
less prepared for such crises. One of the major issue is the hygiene which is a most important
concern for the hospitality industry (Sigala, 2020).
The following discussion is based on the positive and negative impact on various
organizations under hospitality, leisure and travel industry. Such impacts are totally based upon
the issues discussed above so that it can be analysed that how the positive and negative impacts
can affect the companies in several ways.
Positive impacts on Companies
Positive impacts on companies under hospitality industry are such that as soon as the
organizations came to know about the pandemic, they have cleared their payments to suppliers
under operations domain (Sheresheva, Efremova, Valitova and Laptev, 2021). This has
maintained the reputation of the organization along with the goodwill without any further
complications during the lock down period. Companies started minimising their extra expenses
on consumption of useless resources thus maintaining the sustainability. Such cutting down of
cost includes the cutting of operational and capital expenditure (Du, Floyd, Kim and Funk,
2020). They started conserving their financial and human resources while postponing their
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