Hospitality Sector Under Pressure: Corona Virus Pandemic Impact

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Added on  2023/01/12

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This report examines the significant impact of the Corona virus pandemic on the international hospitality industry, which has experienced substantial disruptions due to travel restrictions, lockdowns, and economic instability. The report highlights the global contraction in tourism and hospitality, leading to job losses and business closures, particularly in Asia, where the virus originated. It discusses the legal and financial repercussions of cancelled travel plans and business shutdowns, contributing to a global economic crisis. Furthermore, the analysis extends to the broader effects on manufacturing, IT, and global events, emphasizing the challenges faced by countries in maintaining essential medical supplies and managing increased patient loads. The report concludes that the pandemic has exposed vulnerabilities in even the most developed nations and stresses the need for innovative recovery strategies, enhanced safety standards, and regaining consumer confidence in travel to revitalize the hospitality sector. Desklib provides access to this report and other resources for students.
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Impact on hospitality industry
during corona virus pandemic
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TABLE OF CONTENT
INTRODUCTION.......................................................................................................................................3
MAIN BODY..............................................................................................................................................3
CONCLUSION...........................................................................................................................................6
REFERENCES............................................................................................................................................7
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INTRODUCTION
International hospitality industry is one of the biggest sector in world which enables people to
connect with each other and travel to various destinations, offering high quality services and functional
contribution through employment of thousands of people around world. The corona virus has hardly hit
hotels, airlines and tourism sector companies who are undergoing complete shutdown, suffering
immediate repercussions within global business. The report explains contemporary global issues and the
various present challenges, opportunities for international tourism due to corona hit which has shaken
world economy on various scenarios (Ward-Perkins, Beckmann and Ellis, 2019).
MAIN BODY
The big hit by corona virus has lead to global contraction for tourism and hospitable
industry companies where millions of jobs, business services and functional units are going in
loss. The climate emergency all over world, by the social demonization of travel has offended
companies to stop their regulation to stop the corona effect. The virus has been largely spreading
from last weeks of January, epicenter of which is Wuhan in China where country has been facing
complete lockdown, shutdown of business where there has been continuous downfall in financial
revenues. International hospitable departments are cutting their flights of tourists from other
countries, especially from Asia where all countries are having increased cases of positive corona
tests (Corbet, Lucey and Oxley, L2020). People are having long term negative impacts on their
employment as companies profitability factors are highly hit due to tourism shut down all over
world. Asia and nearby countries have been massively hit as population of china is the highest in
world which also makes spread of virus a dangerous range. Legally companies are stopping their
business and cancellation of all tickets, in travel and tourism sectors have made them into losses
which is recognized as high world contemporary crisis. Corona virus has not only affected large
population in world leading into major deaths percentage increasingly in USA, china, UK, Italy
but also closed all business scale activities, industries where people are facing huge losses and
legally going into bankruptcy. Corona pandemic has detrimentally hit tourism industry for the
whole year of 2020, with countries going into complete lockdown for months to stop the spread
of virus travel business will be facing long term impacts globally (Khan Fahad and Naushad,
2020). It has been recognized as world crisis and functional stoppage of all major industries
which are highly important to get relative growth for establishing high progression in their fields.
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International tourism is badly hit by the pandemic which has created havoc among people, with
airlines going under complete shut down people are not opting for any sort of travels which has
turned down the relative growth in hospitality industries (Hidalgo, Martín-Marroquín, and
Corona, 2019).
Corona virus has not only hit travel and hospitality industry but has highly hit all scales
of industries be it manufacturing departments, IT firms or global events. Meetings have been
cancelled for all coming massive events to stop the spread if virus. Covid 19 has not only made
all companies to go in shutdown their business services but complete lockdown in countries have
highly hit the economic scenario in world. Political instability factors and leaders giving up on
the serious horrific death parameters which are on complete rise in major parts of world people
are not only facing strikes of unemployment but are highly marginalized by the government
sectors. It has been recognized as one of the biggest global economic crisis where countries scale
of revenue graphics are going under downfall, no productivity factors and the filed activity
events are completely going shut down . Countries are facing loss of essential medical supplies
due to large patients reportedly being found tested positive, death rates of aged population and
young children have been found massively hit. The leverage growth percentage of backing up of
essential resources in countries is not able to serve people effectively which has demoralized the
moral values also. Italy and USA are reportedly facing high tough time in saving population and
patients data show doctors have found to prioritize patients based on their chances of survival
and age factors (Hoque,Arif and Hamid, 2020). Corona virus has not only made all countries
poorly stricken and demographically limited in their own range but has made their research,
medical facilities fail. The virus spread has hit human lives variably with unemployment at high
rise; people are facing tough times to come up economically. Global crisis has hit major
developed countries such as USA, Italy, china who are at topmost rank for medical facilities but
unable to cope up with large percentage increased among patients.
Hospitable industry companies are not able to structure their operations functionally in
any countries as airlines are completely locked down, countries shutting down international
business services to stop the virus spread. It has become high concern for world over as
demographically services are completely locked down, all travel companies have to cancel
customer’s charges which have massively hit their financial strength. Circumstances are gaining
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negative impacts and crisis situations within present scenario where productivity factor has been
highly hit among all industries. Recovery points are found not sooner than early winters which
will have strong impact within all parameters of countries worldwide, where coming up with
innovation and speed in revenue gain will be an important factor on which further growth will be
dependent (Khan and Faisal, 2020). Hospitality industry globally is going through various
repercussions with triple downfall effects in people choosing to travel, lockdown in major
countries of continents which has led to downfall in aviation industry too. The strength with
which countries come up with recovery growth and cycle of innovation once the virus vaccine is
developed and spread is controlled will be an important turning point within all sectors.
Functionally tourism companies need to regain their activities and cyclic growth with high safety
standards to encourage people and gaining their confidence on travel scenarios. Hospital doctors,
nurses are facing high time of continuous pressure hours while attending patients, increasing
spread of patients and less supply of medical supply factors have impacted their functional
energies massively (Willie,2019).
The world political leaders have been found helpless with the high statistics and data of
increased positive patients , large uncontrollable stage due to which complete lockdown is the
only best option to stop the spread. Doctors are keeping all patients under quarantine which has
vitally increased demands for ventilators and specialized testing equipments by doctors around
world. Practically the global crisis has highly hit every industry, companies operating their
business within manufacturing or hospitability departments as there is negligible supply of
manpower and human resources are the most important factor which enables business to reach
high heights in professional services. Tourism companies worldwide are facing tough time due
to complete shutdown of aviation services which are the most important parameter to connect
people globally, diminishing the disposable income among customers to choose for travelling
further in airlines. Research has found that the virus spread will be slowed only when countries
are going under complete shutdown, people following and strictly adhering the safety standards
which will enable to slow triple effect of virus. Tourism companies are highly trying hard to
come up with new business strategies to come up with new plans and services pertaining high
focus on safety standards among people who visit hotels (Koshle, Kaur, and Basista, 2020).
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Testing at airports by aviation companies is one of the foremost steps which will help in
cutting down the spread of diseased people, and largely operating only healthy people to travel.
Doctors have found in research that young children and aged population, who are less in immune
power, are likely to get affected fast, where they are highly prone to get the virus. Corona virus
spread is highly fast as fire, where the starting symptoms of cough and high sneezing should not
be neglected and immediate doctor medical check is important. Social distance is the only
parameter with which people can leverage safety standards and keep hygienic factors strong
within their surroundings. Companies are under global crisis due to high economic slowdown,
people shutting down their business connections and governments enabling complete shutdown
as the high relative factor which will enable slow spread of virus. Global events and meetings are
cancelled world over to completely resort social distancing within people who has made
investment plans fail, large manufacturing loss and companies are turning down globally. World
share markets are facing high downfall in rates , which has led into triple effects on economic
services worldwide where all income groups people are facing tough time (Lashley, 2019).
CONCLUSION
The report can be concluded with detailed explanation on various scenarios which have
been drastically hit due to corona virus spread worldwide, with countries coming up with
complete lockdown strategies economic stability of major parts in world have been hit. Tourism
and hospitability industries have been highly disturbed and going under losses due to
cancellation of world events, travelling for people has been completely stopped due to aviation
shutdown too. These factors brought the large insights on various horizons of the pandemic
effect of life cycle of population worldwide (Simola and Solanko, 2020).
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REFERENCES
Books and Journals
Corbet, S., Lucey, B. M. and Oxley, L., 2020. Aye Corona! The Contagion Effects of Being
Named Corona during the COVID-19 Pandemic. The Contagion Effects of Being
Named Corona during the COVID-19 Pandemic (March 26, 2020).
Hidalgo, D., Martín-Marroquín, J. M. and Corona, F., 2019. A multi-waste management concept
as a basis towards a circular economy model. Renewable and Sustainable Energy
Reviews. 111. pp.481-489.
Hoque, A., Arif, I. and Hamid, A.B.A., 2020. The Effect of Coronavirus (COVID-19) in the
Tourism Industry in China. Asian Journal of Multidisciplinary Studies. 3(1).
Khan, N. and Faisal, S., 2020. Epidemiology of Corona Virus in the World and Its Effects on the
China Economy. Available at SSRN 3548292.
Khan, N., Fahad, S. and Naushad, M., 2020. Factors Affecting Tourism Industry and Its Impacts
on Global Economy of the World. Available at SSRN 3559353.
Koshle, H., Kaur, R. and Basista, R., 2020. Breakdown of Business and Workers in India: Impact
of Corona Virus.
Lashley, C., 2019. Academy of International Hospitality Research Conference, 26–27 March
2019—Local food for vital regions: facts and myths. Research in Hospitality
Management. 9(1). pp.1-2.
Simola, H. and Solanko, L., 2020. Domestic and global economic effects of corona containment
measures-Russia in international comparison.
Ward-Perkins, D., Beckmann, C. and Ellis, J., 2019. Tourism Routes and Trails: Theory and
Practice. CABI.
Willie, P., 2019. Can all sectors of the hospitality and tourism industry be influenced by the
innovation of Blockchain technology?. Worldwide Hospitality and Tourism
Themes.
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