COVID-19's Impact on UK Industry: Tourism and Economic Strategies

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Added on  2023/06/14

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This essay examines the profound impact of the COVID-19 pandemic on various sectors within the United Kingdom, with a particular focus on the tourism industry. It highlights the challenges faced by the UK economy, including the instability in primary, secondary, and tertiary sectors, and emphasizes the crucial role of the government in implementing effective measures to mitigate these impacts. The essay discusses the importance of strategic planning, policy implementation, and the need for government support in boosting the tourism sector through various schemes and initiatives. Furthermore, it underscores the significance of leveraging information technology, promoting sustainable tourism, and fostering customer relationship management to enhance business growth and economic stability in the post-pandemic era. The essay concludes by asserting that a focused and coordinated approach, combining government policies and business strategies, is essential for the UK to overcome the economic challenges posed by the COVID-19 pandemic and achieve long-term sustainable growth. Desklib provides similar solved assignments and resources for students.
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Impact of COVID-19
on UK industry
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Table of Contents
INTRODUCTION ..........................................................................................................................3
MAIN BODY...................................................................................................................................4
ESSAY.............................................................................................................................................4
CONCLUSION ...............................................................................................................................7
REFERENCES................................................................................................................................8
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INTRODUCTION
The COVID-19 is considered as major pandemic which has impacted on various
developing and developed countries (Bacon, and Corr, 2020). All the governments belonging to
different countries and their citizens are also suffering by the pandemic in a precise manner. It is
also major role of the companies in the marketplace to focus on analysing impact of COVID-19
pandemic in order to develop focused strategy. This is the major role of government of United
Kingdom to focus on development of economy on the basis of major policies and plans. This
pandemic was spread from a famous city of China which is Wuhan. There is an emergency for
various countries in the recent times due to COVID-19 pandemic. It is also one of the main role
of management of a business to develop focused strategies in order to overcome issues and
challenges developed by a country. The government is fighting hard to overcome various issues
which are pertaining at the marketplace as an economic destruction for the country. The
government of United Kingdom is involved in practising different measures related to launching
emergency medical schemes for development of systematic functions. The tourism industry is
also boosted after COVID-19 by government of UK, by launching various schemes in order to
develop tourist activities.
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MAIN BODY
ESSAY
The tourism industry is considered as a major activity which increases the development
of whole economy by attracting people from all over the world. It is also main role of a
government to focus on analysing effective measures which are important for the development of
tourist based organisations. UK government is also bringing different planning framework with
support of ministry of government in order to develop key legal and economic policies. The
economy of UK has hit hard in the past 2 years by this pandemic. All major companies should
also follow different key and major practices which are important for development of focused
operations (Ferguson, and Williams, 2020)(. The government of UK is also focusing on key
strategies and plans which are important for growth and expansion of a business. It is also key
role and responsibility of a business to give directions to its management for development of
systematic business activities for dealing with COVID-19. All major companies in the
international marketplace should also focus on analysing different and major consequences
created by COVID-19 for development of precise approach. Tourism industry should develop
planned and focused approach which is compulsory for attracting large number of tourists in the
economy. Before the year 2019, UK tourism industry was having large number of tourists from
all over the world. Now the tourism industry is facing a stiff time which is leading to cause delay
in major business practices. The major role and responsibility of every business in tourism
industry to focus on implementation of government plans and policies. The implementation of
policies should be done with proper supervision and control for effective development at the
marketplace.
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The tourism sector is an important industry for the whole economy of UK, which majorly
impacts on goals and objectives of company. It is also one of the major role of a company to
focus on achievement of tourism friendly approaches for systematic expansion of business. All
major companies which are operating in the tourism sector should gain competitive advantage
with the help of management Ferguson, Street, and Williams, 2020). The professional
management is required to handle issues and challenges created by COVID-19. It is also ethical
duty of the government to develop a focused approach in different operations related to tourism
sector (Gray, and Sanders, 2020) The sustainability in tourism should be also promoted by
government of a country to analyse key objectives and goals. All major companies which are
present in the international and national marketplace in UK should give offers and discounts to
tourists. It is necessary for the tourists organisations to develop major and key strategies in
marketing based operations to develop at the marketplace. The information and technology is a
major factor which is impacting on different functions and operations of the company. It is also
one of the crucial role of a company to focus on analysing key factors which are associated with
the promotion of various strategies. The media based advertising promotions which are helpful in
the marketing of a company should be developed with major flexibility. It is also one of the
major role of a company to focus on development of initiatives with help and support of top level
and strategic management. Major companies in the global and domestic marketplace should
focus on development of tourists based activities with support of information and technology.
The business organisations should also focus on development of customer relationship
management in order to grow at the marketplace. This is the key role and responsibility of a
company to focus on analysing the importance of artificial intelligence in order to develop
systematic operations.
The economy of UK is also not performing well and got unstable in the marketplace with
impact on primary, secondary and tertiary sector. Monetary policy developed by government of a
country is also helpful in supporting companies related to monetary development. It is major role
of government of a country to focus on analysing various economic impacts of COVID-19 in
order to develop effective controls (Heald, and Hodges, 2020). All major companies should
focus on analysing key parameters of business growth in order to develop focused objectives and
targets. It is also one of the crucial role of a company to focus on brief development of aims and
objectives which are effective at the marketplace. Performing ethical operations in a precise
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manner is major role of a leader in the organisation to facilitate decision-making. In the recent
times, it is also one of the function of UK's finance ministry to put emphasis on strategic and
planning framework for business development. All major companies should also focus on
analysing key growth based factors which are important for strategic growth of economy. The
government of a company should also develop a major focus on key development based
approaches for creating a major impact at the marketplace. In the serious times, it is also crucial
for government to focus on planning based parameters for long term success of the company.
Medical facilities must be also provided by government in order to provide essential healthcare
facilities for the improvement in system. The COVID-19 impact should be handled by
specialized agencies which are working for the government of UK. The tourism sector must be
boosted with effective measures and plans for development related to operations. In the current
scenario, it is also one of the major role of government to develop a key approach which is also
helpful in achievement of objectives and goals. The COVID-19 pandemic should be taken as a
serous issue by the government which has also impacted on the gross domestic product and
national income of the country (Spence, Rhodes, and Mummery, 2021). It is also one of the
major role of strategic management which is present in the tourism sector to focus on
development of goals and policies post to pandemic. Economic enhancement should be
developed by government in order to gain strategic growth. It is one of the major role of
government to develop a major focus on key aspects of planning framework for development of
economy. The GDP and national income level should be increased by the government of United
Kingdom with a major focus on stability of government. All the major companies which should
develop a goal based approach should focus on development of key parameters of a business.
The COVID-19 pandemic has also impacted on revenue and profitability of different companies
which can impact on economic parameters. All companies which are located in United Kingdom
should also plan for leading the marketplace with focus on development of economy. The
business entities which are present at the marketplace and trading across different countries
should follow the instructions on world trade governing bodies for development of effective
approach.
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CONCLUSION
From the above stated essay it can be concluded that tourism industry is the backbone of
a country which helps in development of effective measures. The report also concludes that it is
major duty of government of UK to develop essential measures for dealing with COVID-19. The
pandemic has created a devastating impact on economy, so it is moral duty of economic
department of government of UK to focus on developing system. The tourism industry should
also follow the corporate laws developed by government in order to perform in a good manner.
The tourism industry should also focus on analysing goals and objectives with major
responsibility to focus on development of tourists destinations.
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REFERENCES
Books and Journals
Bacon, A.M. and Corr, P.J., 2020. Coronavirus (COVID‐19) in the United Kingdom: A
personality‐based perspective on concerns and intention to self‐isolate. British Journal of Health
Psychology, 25(4), pp.839-848.
Ferguson, F.J., and Williams, J., 2020. Occupational Dermatology in the time of the Covid‐19
pandemic: A report of experience from London and Manchester, United Kingdom. The British
journal of dermatology.
Ferguson, F.J., Street, G., and Williams, J., 2020. Occupational Dermatology in the time of the
Covid‐19 pandemic: A report of experience from London and Manchester, United Kingdom. The
British journal of dermatology.
Gray, R. and Sanders, C., 2020. A reflection on the impact of COVID-19 on primary care in the
United Kingdom. Journal of Interprofessional Care, 34(5), pp.672-678.
Heald, D. and Hodges, R., 2020. The accounting, budgeting and fiscal impact of COVID-19 on
the United Kingdom. Journal of Public Budgeting, Accounting & Financial Management.
Levi, M., 2020. COVID-19 coagulopathy vs disseminated intravascular coagulation. Blood
advances, 4(12), pp.2850-2850.
Spence, J.C., Rhodes, R.E., and Mummery, W.K., 2021. Determinants of physical activity
among adults in the United Kingdom during the COVID‐19 pandemic: The DUK‐COVID
study. British journal of health psychology, 26(2), pp.588-605.
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