Product Description The PowerPoint template is useful tool in presenting coronavirus impact assessment and mitigation strategies associated to tourism and leisure industry. It covers details regarding the tourism and leisure sector overview contribution of travel, tourism and leisure sector to GDP, impact of coronavirus pandemic on GDP impact on China tourism industry during COVID 19 pandemic, addressing international tourist arrivals and tourism receipts. It covers details regarding tourism and leisure consumer behavior with impact of coronavirus spread on various tourism and leisure segment such as tourist apartment, business travel, nightly leisure and shopping tourism. It covers information regarding the tourist consumption habits, addressing consumer concerns associated to everyday and tourism habits. Various enterprise risks are identified such as disruption due to social distancing, plummeting employee productivity, stressed supply chain, recession in tourism and leisure sector, unemployment and investment pullback risk, and economic instability and civil unrest due to pandemic and how these risks are impacting overall travelers in tourism and leisure sector. It also covers details about how these risks can be mitigated through business impact analysis, risk readiness assessment, risk management plan, business continuity plan, policy management, incident management, risk response plan for firms associated to tourism and leisure sector during COVID 19 outbreak. It also covers risk maturity survey questionnaire to ensure the maturity level of enterprises in handling risks. https://bit.ly/3hCDHjy
Impact of COVID 19 on the Aviation Industry in Nigeriaijtsrd
This paper is a timely examination of the novel Corona Virus Covid 19 that is currently ravaging the entire world. The main objective of this research is to study the impact of this global pandemic on the aviation sector in Nigeria. The methodology adopted is basically qualitative, explorative and analytical in nature, involving the use of secondary data via journal publications, government official documents, health authorities’ data and internet materials. This due to the fact that the virus is novel and very recent. The study found out that the Covid 19 pandemic has thrown the entire global economic, political and social systems into turmoil. The Nigerian economy and aviation sector in particular, has been in a meltdown, which had been thrown into a huge crisis. Some of the negative impacts of the scourge on the Nigerian aviation industry include closure of airports and banning of flights, increasing industry debt profile, negative impact on tourism, increased competitive pricing and severe loss of jobs. In terms of future prognosis, it will be quite a while before the sector recovers and whenever it re opens, the most immediate visible change will be social distancing, touch less travel with passengers needing to be fit to travel. The turnaround time for local and international travels will increase as aircraft will be need to sanitize each time the planes land. Furthermore, there will be increased movement towards the digital space and most of the flight operations will be on digital platforms. Siyan, Peter | Adegoriola, Adewale E | Agunbiade, Olabode "Impact of COVID-19 on the Aviation Industry in Nigeria" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-4 | Issue-5 , August 2020, URL: https://www.ijtsrd.com/papers/ijtsrd31787.pdf Paper Url :https://www.ijtsrd.com/economics/other/31787/impact-of-covid19-on-the-aviation-industry-in-nigeria/siyan-peter
- The COVID-19 pandemic had a devastating impact on the global travel, tourism, and hospitality industry, with international tourist arrivals down 70% in January-August 2020 compared to the previous year.
- Travel and tourism will need to be a priority for economic recovery efforts as countries relax restrictions and open borders again. However, recovery is expected to be slower than predicted with continued public health measures.
- Communicating safety and building confidence will be essential for the industry to restore trust and reassure stakeholders as it works to rebuild in the post-pandemic future. Operators will need to adapt strategies and operations to new consumer expectations.
Impact assessment of the COVID-19 outbreak on international tourismFedericaAmbrogi1
- UNWTO estimates that international tourist arrivals could decline by 20-30% in 2020 due to the COVID-19 pandemic, resulting in a loss of $300-450 billion in tourism receipts. This would represent a decline of 290-440 million international tourists and a setback of 5-7 years.
- Countries with over 5,000 reported COVID-19 cases such as China, Italy, the US, and Spain collectively represent 34% of global tourism arrivals and 39% of global tourism receipts. The pandemic is having an unprecedented social and economic impact on the tourism sector.
- Coordinated fiscal and monetary measures are urgently needed to protect jobs, support businesses, and accelerate
This document summarizes the results of a COVID-19 impact survey of Myanmar's tourism sector conducted by the Ministry of Hotels and Tourism. Key findings include:
- Over 80% of tourism businesses reported being seriously affected by the pandemic.
- Nearly 90% saw decreased revenues and 80% had very little business. 60% reduced their workforce.
- When asked what government support is needed, 70% said waiving taxes and fees, 63% protecting worker livelihoods, and 60% securing interest-free loans.
- The pandemic has severely impacted businesses' operations, finances, marketing and staffing. Most report reduced customers, sales, and staff working reduced hours or being sent on leave.
The COVID-19 pandemic has significantly impacted the global tourism industry through widespread travel restrictions and a decline in demand. International tourist arrivals are estimated to decrease by 20-30% in 2020, resulting in $30-50 billion in lost revenue. Many tourist attractions worldwide have closed. Travel restrictions were implemented in countries like China, India, Singapore, and Japan, reducing foreign arrivals by over 50% year-over-year in some cases. Related industries like hotels, restaurants, cruises, rental cars, and fashion have also suffered. The global tourism industry contributes 10% of world GDP and jobs, with Asia expected to be hardest hit with millions of potential job losses. India's tourism sector has also been severely affected, with
OECD: The impact of the Covid-19 outbreak on economic (Presentation)chaganomics
The impact of the Covid-19 outbreak on economic prospects is severe Growth was weak but stabilising until the coronavirus Covid-19 hit. Restrictions on movement of people, goods and services, and containment measures such as factory closures have cut manufacturing and domestic demand sharply in China. The impact on the rest of the world through business travel and tourism, supply chains, commodities and lower confidence is growing.
Covid-19 impact on Tourism Sector of indiaRajatRastogi44
The document discusses tourism demand and supply in India. It defines tourism and different types. It then lists several determinants of tourism demand, including price, income, seasonality, advertising, personality, age, crises, facilities, and exchange rates. Several determinants of tourism supply are also outlined, such as price, environment, technology, emergencies, government policies, destination importance, and competition. The document concludes by discussing the large negative impact of COVID-19 on India's tourism industry and losses incurred, as well as opportunities for the industry to adopt new safety and environmental practices.
Effect Of COVID-19 On Global Tourism The Full Report (September Update)ArabiaHorizonsTours
In 2020, the tourism industry has suffered from a hiatus as many countries were locked down because of the COVID-19 pandemic. This caused devastating economic consequences in countries highly dependent on tourism. In this report, we examine the current trends as countries reopen and what effect this will have on the tourism industry.
Impact of COVID 19 on the Aviation Industry in Nigeriaijtsrd
This paper is a timely examination of the novel Corona Virus Covid 19 that is currently ravaging the entire world. The main objective of this research is to study the impact of this global pandemic on the aviation sector in Nigeria. The methodology adopted is basically qualitative, explorative and analytical in nature, involving the use of secondary data via journal publications, government official documents, health authorities’ data and internet materials. This due to the fact that the virus is novel and very recent. The study found out that the Covid 19 pandemic has thrown the entire global economic, political and social systems into turmoil. The Nigerian economy and aviation sector in particular, has been in a meltdown, which had been thrown into a huge crisis. Some of the negative impacts of the scourge on the Nigerian aviation industry include closure of airports and banning of flights, increasing industry debt profile, negative impact on tourism, increased competitive pricing and severe loss of jobs. In terms of future prognosis, it will be quite a while before the sector recovers and whenever it re opens, the most immediate visible change will be social distancing, touch less travel with passengers needing to be fit to travel. The turnaround time for local and international travels will increase as aircraft will be need to sanitize each time the planes land. Furthermore, there will be increased movement towards the digital space and most of the flight operations will be on digital platforms. Siyan, Peter | Adegoriola, Adewale E | Agunbiade, Olabode "Impact of COVID-19 on the Aviation Industry in Nigeria" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-4 | Issue-5 , August 2020, URL: https://www.ijtsrd.com/papers/ijtsrd31787.pdf Paper Url :https://www.ijtsrd.com/economics/other/31787/impact-of-covid19-on-the-aviation-industry-in-nigeria/siyan-peter
- The COVID-19 pandemic had a devastating impact on the global travel, tourism, and hospitality industry, with international tourist arrivals down 70% in January-August 2020 compared to the previous year.
- Travel and tourism will need to be a priority for economic recovery efforts as countries relax restrictions and open borders again. However, recovery is expected to be slower than predicted with continued public health measures.
- Communicating safety and building confidence will be essential for the industry to restore trust and reassure stakeholders as it works to rebuild in the post-pandemic future. Operators will need to adapt strategies and operations to new consumer expectations.
Impact assessment of the COVID-19 outbreak on international tourismFedericaAmbrogi1
- UNWTO estimates that international tourist arrivals could decline by 20-30% in 2020 due to the COVID-19 pandemic, resulting in a loss of $300-450 billion in tourism receipts. This would represent a decline of 290-440 million international tourists and a setback of 5-7 years.
- Countries with over 5,000 reported COVID-19 cases such as China, Italy, the US, and Spain collectively represent 34% of global tourism arrivals and 39% of global tourism receipts. The pandemic is having an unprecedented social and economic impact on the tourism sector.
- Coordinated fiscal and monetary measures are urgently needed to protect jobs, support businesses, and accelerate
This document summarizes the results of a COVID-19 impact survey of Myanmar's tourism sector conducted by the Ministry of Hotels and Tourism. Key findings include:
- Over 80% of tourism businesses reported being seriously affected by the pandemic.
- Nearly 90% saw decreased revenues and 80% had very little business. 60% reduced their workforce.
- When asked what government support is needed, 70% said waiving taxes and fees, 63% protecting worker livelihoods, and 60% securing interest-free loans.
- The pandemic has severely impacted businesses' operations, finances, marketing and staffing. Most report reduced customers, sales, and staff working reduced hours or being sent on leave.
The COVID-19 pandemic has significantly impacted the global tourism industry through widespread travel restrictions and a decline in demand. International tourist arrivals are estimated to decrease by 20-30% in 2020, resulting in $30-50 billion in lost revenue. Many tourist attractions worldwide have closed. Travel restrictions were implemented in countries like China, India, Singapore, and Japan, reducing foreign arrivals by over 50% year-over-year in some cases. Related industries like hotels, restaurants, cruises, rental cars, and fashion have also suffered. The global tourism industry contributes 10% of world GDP and jobs, with Asia expected to be hardest hit with millions of potential job losses. India's tourism sector has also been severely affected, with
OECD: The impact of the Covid-19 outbreak on economic (Presentation)chaganomics
The impact of the Covid-19 outbreak on economic prospects is severe Growth was weak but stabilising until the coronavirus Covid-19 hit. Restrictions on movement of people, goods and services, and containment measures such as factory closures have cut manufacturing and domestic demand sharply in China. The impact on the rest of the world through business travel and tourism, supply chains, commodities and lower confidence is growing.
Covid-19 impact on Tourism Sector of indiaRajatRastogi44
The document discusses tourism demand and supply in India. It defines tourism and different types. It then lists several determinants of tourism demand, including price, income, seasonality, advertising, personality, age, crises, facilities, and exchange rates. Several determinants of tourism supply are also outlined, such as price, environment, technology, emergencies, government policies, destination importance, and competition. The document concludes by discussing the large negative impact of COVID-19 on India's tourism industry and losses incurred, as well as opportunities for the industry to adopt new safety and environmental practices.
Effect Of COVID-19 On Global Tourism The Full Report (September Update)ArabiaHorizonsTours
In 2020, the tourism industry has suffered from a hiatus as many countries were locked down because of the COVID-19 pandemic. This caused devastating economic consequences in countries highly dependent on tourism. In this report, we examine the current trends as countries reopen and what effect this will have on the tourism industry.
Impact of Covid19 on travel and tourism industryPrakhar Nema
Uninvited guest COVID19 checked into the hotels, it has become frightful for the industry
Email-nemaprakhar97@gmail.com (For full matter of presentation)
This document summarizes the 2018 economic impact report on travel and tourism in Argentina. Some key points:
- Travel and tourism directly contributed 3.7% to Argentina's GDP in 2017 and is forecast to contribute 3.7% in 2028. The total contribution (including indirect and induced impacts) was 10.3% of GDP in 2017 and is forecast to be 10.1% in 2028.
- In 2017 the sector directly supported 644,000 jobs in Argentina (3.5% of total) and indirectly supported a total of 1.8 million jobs (9.8% of total). The total jobs contribution is forecast to rise to over 2 million jobs (10.1% of total)
Coronavirus Impact Assessment And Mitigation Strategies In Airlines Industry ...SlideTeam
Major sectors affected by COVID 19 outbreak at global level are tourism and travel, retail and airlines. Following presentation will allow a firm to address a collection of COVID 19 outbreak impact assessment and mitigation strategies reported in airlines industry. This presentation consists mainly five sections namely airlines industry overview, airlines financial analysis, risk assessment and its impact, how risks are mitigated and risk maturity model survey questionnaire. Firstly, airlines industry overview section will help the organization in addressing coronavirus impact on aviation tourism trade and global economy, impact on passenger traffic and revenues, impact on average trip length and impact on global as well as domestic RPKs. Airlines financial analysis section will help the organisation in addressing financial impact of COVID 19 outbreak on airlines industry. Risk assessment and its impact section will cover five major risk caused by coronavirus in airlines industry namely disruption due to social distancing, plummeting employee productivity, stressed supply chain, recession, unemployment and amp; investment pullout, economic instability and amp; civic unrest. How risks are mitigated section will help the firm in addressing measure taken by airlines industry to tackle COVID 19 outbreak. Sub headings covered in the section are business impact analysis, risk readiness assessment, risk management plans, business continuity plans, policy management and incident management. Finally, risk maturity model survey questionnaire section will help the organisation to address survey results of questionnaires asked from frequent flyers. https://bit.ly/37F8iHL
Coronavirus Impact Assessment And Mitigation Strategies On Technology Sector ...SlideTeam
Coronavirus Impact Assessment and Mitigation Strategies on Technology Sector The COVID 19 pandemic has a huge effect on the technology sector in both positive and negative ways. Due to coronavirus and social distancing, there is an increased demand for technology in terms of connectivity, online shopping, increased use of WIFI as majority of people are working from home, online entertainment, telehealth services, 5G and Information and Communications Technology, increase in work from home infrastructure and use of collaboration tools, providing education on COVID 19 pandemic etc. This deck provides an overview of high-tech industry, COVID 19 impact on technology sector, high tech industry overview based on united states and global point of view, and supply chain disruptions due to COVID 19. This deck also covers positive impact of COVID 19 on technology sector, impact of COVID 19 on internet of things, impact on cloud computing, impact of COVID 19 on security and privacy etc. This deck also provides information about certain risks such as disruption due to social distancing, employee productivity, supply chain, recession, unemployment, investment pull back, economic instability, and civil unrest, fraud risks in medical supplies etc. Risks mitigation strategies are analyzed which focuses on business impact analysis, risk readiness assessments, risk management plans, business continuity plans, policy management, and incident management. The Risk Management Maturity Model Assessment has also been covered. https://bit.ly/3mvg9gP
OECD Rethinking the tourism system to deliver sustainable destination growthAnna Bolengo
The document discusses the need to rethink tourism policies in light of the COVID-19 pandemic to build a more sustainable tourism system. It notes that international tourism is expected to fall sharply in 2020 and recovery will be uncertain. Key policy priorities include supporting safe return of international tourism, sustaining domestic tourism, and building a more resilient tourism sector focused on environmental and socio-cultural sustainability rather than just visitor numbers. Case studies highlight destinations implementing strategies to mainstream sustainable practices and focus on local needs in their recovery plans. The crisis presents an opportunity to coordinate sustainable tourism policies across levels of government and with industry.
Presentation by Zoritsa Urosevic, Director, Institutional Relations and Partnerships Department, Special Representative to the United Nations in Geneva - World Tourism Organization (UNWTO), who spoke at an expert Q&A webinar on "Tourism & COVID-19" hosted by the Enhanced Integrated Framework (EIF) on 11 June 2020.
The tourism industry in India generated $194 billion or 6.8% of India's GDP in 2019, supporting over 39 million jobs. It is predicted to grow at an annual rate of 6.9% to $460 billion by 2028. Foreign tourist arrivals grew 23.6% through e-visas in 2019. Major sectors within the industry include accommodation, entertainment, transportation, and food and beverages. Challenges facing the industry include globalization, infrastructure issues, marketing, security concerns, and taxation. The COVID-19 pandemic has severely impacted the industry, with an estimated loss of $100 billion and over 120 million tourism jobs at risk globally.
The document analyzes the economic impact of the COVID-19 outbreak on civil aviation in various regions. It provides scenario analyses estimating reductions in air traffic, passenger numbers, and airline revenues for mainland China, Hong Kong/Macao/Taiwan, South Korea, Italy, and Iran in the first quarter of 2020 compared to original plans. The preliminary estimates indicate reductions of 21.9-22.9 million passengers and $4.9-5.1 billion in airline revenues for mainland China, and 8.8-9.7 million passengers and $2.1-2.3 billion for Hong Kong/Macao/Taiwan. The analysis finds the outbreak has significantly reduced international air traffic and airline revenues.
The Covid-19 Pandemic and Economic Fallout in South Asia.
Coherent national strategies, backed by regional cooperation efforts, offer a way forward for economic recovery in South Asia, which is rapidly becoming the next COVID-19 global hotspot. Challenges and policies relating to macroeconomics, health, economic sectors, stimulus measures, and reforms, which are all crucial for the region’s recovery are discussed.
Tugas Geografi Pariwisata
UNWTO 2011
By : Amelia Suhandri / 14045015
Pendidikan Geografi 2014
Fakultas Ilmu Sosial ( FIS )
Universitas Negeri Padang ( UNP )
The macroeconomic outlook following the COVID-19 pandemic is gloomy, ranging between 3-10% in GDP decline for 2020. Recovery will depend heavily on how fast consumer confidence, employment and global trade can rebound. As a business leader, understanding how the macro outlook will impact your business is critical – especially if you are exposed to export markets.
In this short webinar, we will present the latest views on both global and Scandinavian macroeconomic outlooks, including scenarios to consider in the short, mid and long term, as well as a practical macro toolkit for evaluating your company’s exposure to key economic factors.
Travel and tourism made a significant contribution to Qatar's economy in 2016.
- The direct contribution of travel and tourism to GDP was QAR18.9bn (3.4% of total GDP) and it supported 116,000 jobs directly (6.5% of total employment).
- The total contribution of travel and tourism to Qatar's GDP, including indirect and induced impacts, was QAR56.1bn (10.1% of GDP) and it supported 194,000 jobs (10.8% of total employment).
Impact of COVID-19 on Industry and opportunities 2020 25Subodh Pandey
Indeed, for the first time in world history, this unprecedented situation COVID 19 has been threading to Humanity across the border. there is a glance of affected Industry and the opportunities awaiting for all of us.
The document discusses the impacts of tourism on developing economies. It begins with an introduction stating that while tourism provides economic benefits, it can also have environmental, social, and cultural impacts if not properly managed. It then provides details on the various impacts under sections on environment (1.1.1), sociocultural (1.1.2), and economic (1.1.3). Specific examples of impacts in Thailand (2.3) and India (2.4) are also discussed.
CORONAVIRUS (COVID-19) IMPACT ON VARIOUS INDUSTRIES & POTENTIAL PATHS OF RECO...Mirdul Amin Sarkar
Introduction: The COVID-19 pandemic is going to be the longest health crisis ever being suffered in the modern times. The pandemic has disrupted global supply chains and international trade. More than 100 countries are closing their national borders and the movement of people has come to a screeching halt. The pause in the movement of people is greatly affecting the world economy, as people are staying indoors and major industrial productions has come to a grounding halt. According to an analysis by the UN Department of Economic and Social affairs, the global economy could shrink by upto 1% in 2020 due to the coronavirus pandemic which is lower than the previous forecast of 2.5% growth. The UN also added that the global economy could contract even further if restrictions on economic activities are extended without any adequate fiscal responses.
The coronavirus pandemic is affecting the overall growth of global economy. Some industries are booming in the event of crisis such as Technology, Entertainment industry. Entertainment industry with strong digital presence like Netflix, Amazon prime and technology companies aiding the operations of workplace like videocalling app Zoom are growing significantly in this crisis. Sectors like Groceries, Sanitary & cleaning, Food and beverages, Wholesaling are set to increase due to the pandemic. The corona virus scare has created a huge awareness on hand washing and there is a growing consumers’ inclination towards disinfectants and sanitary products. While some industries are growing with new opportunities, some are stalled and reeling under the lockdown. Tourism and travel industry are completely out of business due to social distancing and travel restrictions. Almost 100 countries over the world have closed their borders and airports have been shut-down for passengers. The airline companies, tourism related business are losing revenue due to the COVID-19 pandemic. Manufacturing sectors are also being closed and the productions are paused due to workers being quarantined in their homes. The agriculture sector is experiencing shortage of labor and fall in agricultural commodity prices. Banking and financial institution will be having hard time in collecting their dues and will be renegotiating credit terms. Banks also won’t be able to gain new deposits during this crisis and thereby affecting its earnings.
This document summarizes key highlights from the UNWTO's 2015 Tourism report. It finds that international tourist arrivals grew 4.3% in 2014 to reach 1.13 billion, marking the fifth consecutive year of robust growth above the long-term average. Growth was strongest in the Americas at 8% while Asia and the Pacific and the Middle East also saw increases of 5%. International tourism receipts grew 3.7% in 2014 to $1.245 trillion. The report forecasts continued growth of 3-4% in international tourist arrivals in 2015 and estimates arrivals will reach 1.8 billion by 2030.
According to analyses from several Spanish organizations:
- The coronavirus will reduce Spain's GDP by 0.9-1.7% and eliminate 313,692 jobs, primarily impacting small and medium enterprises. The tourism sector faces losses of €40,000-€62,000 million and 800,000 jobs at risk.
- In Germany, major economic indicators in March showed the largest declines in history due to the pandemic. The economy is forecast to contract 1.5% in 2020 with unemployment rising significantly.
- Unemployment in Norway jumped 8.1 percentage points in March to 10.9%, the highest increase since 1930, as coronavirus measures impacted businesses.
Running head IMPACT OF COVID 19 ON TOURSIM INDUSTRY OF UAE1.docxwlynn1
Running head: IMPACT OF COVID 19 ON TOURSIM INDUSTRY OF UAE1
IMPACT OF COVID 19 ON TOURSIM INDUSTRY OF UAE 5
IMPACT OF COVID 19 ON TOURSIM INDUSTRY OF UAE
STUDENT’S NAME
PROFESSOR’S NAME
COLLEGE
DATE
Abstract
The major source of economic stabilization in Middle East countries is oil production and export. The recent pandemic is causing turbulence to the economies of the Middle East region. A sudden drop in domestic and external demand for goods and products especially crude oil, downfall in the crude oil prices, halts in the production due to labor shortage are some of the major impacts observed in the region. Additionally, falling consumer confidence coupled with the tightened financial condition is also decreasing the economic activities in the region. The World Travel and Tourism Council have warned the COVID-19 pandemic could cut 50 million jobs worldwide in the travel and tourism industry.Once the outbreak is over, it could take up to 10 months for the industry to recover. The tourism industry currently accounts for 10% of global GDP. The UAE economy derives much from its tourism industry. Studies project the travel and tourism industry will contribute about Dh312.4 billion to the UAE’s GDP by 2027. It is apparent that the industry and its employees are the backbone of the economy. But if businesses in this industry don’t receive immediate aid from the government, the chances of them surviving the coronavirus outbreak are slim even though they were growing at a commendable rate before the outbreak (Hill, 2020). The corona virus epidemic is putting up to 50 million jobs in the global travel and tourism sector at risk, with travel likely to slump by a quarter this year. The United Arab Emirates has implemented a travel ban on non-Emiratis residents, reduced customs fees and municipality fees, cut interest rates and is rolling out a $27 billion stimulus package to attempt to reduce the impact of the corona virus on the economy. With tens of thousands infected across the region and thousands of lives lost, it is clear that Covid-19 will exacerbate governance failures, sectarianism, tensions between secularists and Islamists, and deepens economic cleavages within and between the states. The United Arab Emirates began implementing social distancing measures whilst the virus was still at its infancy.
The impact would be felt most on the economic front as capital markets tumble, tourists evaporate in the midst of a ban on flights and lockdowns, and oil prices contract. Chinese buyers are involved in a significant portion of real estate transactions in the UAE. With China still recovering from the virus, these Chinese buyers have postponed making new purchases. Given the vast economy of UAE with its glut of property, even before the virus, this city-state is confronting economic catastrophe. With the UAE cancelling its Expo 2020and Saudi Arabia not allowing the annual haj pilgrimage to take place, hundreds of millions of dollars were lo.
Coronavirus Impact Assessment And Mitigation Strategies On Theme Park Industr...SlideTeam
Coronavirus Impact Assessment and Mitigation Strategies in the Theme Park Industry Product Description The coronavirus pandemic has crippled the theme park sector, including the worlds top amusement company. Like most other industries, in the current shutdown, the amusement business, which is mostly about family bonding, is sadly marred by the Coronavirus pandemics social distancing norms. In view of various extraneous factors, the last 5 6 months from December 2019 to May 2020 have been almost washed out. This deck will help to analyze the various factor which is impacting the overall theme park industry. We have created this deck to cover the impact od coronavirus in the theme park or amusement park industry along with the mitigation strategies. In this template, we have focused on an overview of the theme park amusement park sector wherein pandemic impact on global and US economy. The research deck includes the risks of Covid 19 in theme park industry businesses such as disruption due to social distancing, plummeting employee productivity, recession, unemployment, and investment pull back, economic instability, and civil unrest, etc. Risks mitigation strategies are also analyzed which focusses on business impact analysis, risk readiness assessment, risk management plans, etc. This deck also provides the business continuity plan for the theme park industry which the company should follow while reopening the operations during or after the COVID 19 situation. The risk maturity model survey questionnaire along with the results are also covered in this template. https://bit.ly/329eft3
Impact of Covid19 on travel and tourism industryPrakhar Nema
Uninvited guest COVID19 checked into the hotels, it has become frightful for the industry
Email-nemaprakhar97@gmail.com (For full matter of presentation)
This document summarizes the 2018 economic impact report on travel and tourism in Argentina. Some key points:
- Travel and tourism directly contributed 3.7% to Argentina's GDP in 2017 and is forecast to contribute 3.7% in 2028. The total contribution (including indirect and induced impacts) was 10.3% of GDP in 2017 and is forecast to be 10.1% in 2028.
- In 2017 the sector directly supported 644,000 jobs in Argentina (3.5% of total) and indirectly supported a total of 1.8 million jobs (9.8% of total). The total jobs contribution is forecast to rise to over 2 million jobs (10.1% of total)
Coronavirus Impact Assessment And Mitigation Strategies In Airlines Industry ...SlideTeam
Major sectors affected by COVID 19 outbreak at global level are tourism and travel, retail and airlines. Following presentation will allow a firm to address a collection of COVID 19 outbreak impact assessment and mitigation strategies reported in airlines industry. This presentation consists mainly five sections namely airlines industry overview, airlines financial analysis, risk assessment and its impact, how risks are mitigated and risk maturity model survey questionnaire. Firstly, airlines industry overview section will help the organization in addressing coronavirus impact on aviation tourism trade and global economy, impact on passenger traffic and revenues, impact on average trip length and impact on global as well as domestic RPKs. Airlines financial analysis section will help the organisation in addressing financial impact of COVID 19 outbreak on airlines industry. Risk assessment and its impact section will cover five major risk caused by coronavirus in airlines industry namely disruption due to social distancing, plummeting employee productivity, stressed supply chain, recession, unemployment and amp; investment pullout, economic instability and amp; civic unrest. How risks are mitigated section will help the firm in addressing measure taken by airlines industry to tackle COVID 19 outbreak. Sub headings covered in the section are business impact analysis, risk readiness assessment, risk management plans, business continuity plans, policy management and incident management. Finally, risk maturity model survey questionnaire section will help the organisation to address survey results of questionnaires asked from frequent flyers. https://bit.ly/37F8iHL
Coronavirus Impact Assessment And Mitigation Strategies On Technology Sector ...SlideTeam
Coronavirus Impact Assessment and Mitigation Strategies on Technology Sector The COVID 19 pandemic has a huge effect on the technology sector in both positive and negative ways. Due to coronavirus and social distancing, there is an increased demand for technology in terms of connectivity, online shopping, increased use of WIFI as majority of people are working from home, online entertainment, telehealth services, 5G and Information and Communications Technology, increase in work from home infrastructure and use of collaboration tools, providing education on COVID 19 pandemic etc. This deck provides an overview of high-tech industry, COVID 19 impact on technology sector, high tech industry overview based on united states and global point of view, and supply chain disruptions due to COVID 19. This deck also covers positive impact of COVID 19 on technology sector, impact of COVID 19 on internet of things, impact on cloud computing, impact of COVID 19 on security and privacy etc. This deck also provides information about certain risks such as disruption due to social distancing, employee productivity, supply chain, recession, unemployment, investment pull back, economic instability, and civil unrest, fraud risks in medical supplies etc. Risks mitigation strategies are analyzed which focuses on business impact analysis, risk readiness assessments, risk management plans, business continuity plans, policy management, and incident management. The Risk Management Maturity Model Assessment has also been covered. https://bit.ly/3mvg9gP
OECD Rethinking the tourism system to deliver sustainable destination growthAnna Bolengo
The document discusses the need to rethink tourism policies in light of the COVID-19 pandemic to build a more sustainable tourism system. It notes that international tourism is expected to fall sharply in 2020 and recovery will be uncertain. Key policy priorities include supporting safe return of international tourism, sustaining domestic tourism, and building a more resilient tourism sector focused on environmental and socio-cultural sustainability rather than just visitor numbers. Case studies highlight destinations implementing strategies to mainstream sustainable practices and focus on local needs in their recovery plans. The crisis presents an opportunity to coordinate sustainable tourism policies across levels of government and with industry.
Presentation by Zoritsa Urosevic, Director, Institutional Relations and Partnerships Department, Special Representative to the United Nations in Geneva - World Tourism Organization (UNWTO), who spoke at an expert Q&A webinar on "Tourism & COVID-19" hosted by the Enhanced Integrated Framework (EIF) on 11 June 2020.
The tourism industry in India generated $194 billion or 6.8% of India's GDP in 2019, supporting over 39 million jobs. It is predicted to grow at an annual rate of 6.9% to $460 billion by 2028. Foreign tourist arrivals grew 23.6% through e-visas in 2019. Major sectors within the industry include accommodation, entertainment, transportation, and food and beverages. Challenges facing the industry include globalization, infrastructure issues, marketing, security concerns, and taxation. The COVID-19 pandemic has severely impacted the industry, with an estimated loss of $100 billion and over 120 million tourism jobs at risk globally.
The document analyzes the economic impact of the COVID-19 outbreak on civil aviation in various regions. It provides scenario analyses estimating reductions in air traffic, passenger numbers, and airline revenues for mainland China, Hong Kong/Macao/Taiwan, South Korea, Italy, and Iran in the first quarter of 2020 compared to original plans. The preliminary estimates indicate reductions of 21.9-22.9 million passengers and $4.9-5.1 billion in airline revenues for mainland China, and 8.8-9.7 million passengers and $2.1-2.3 billion for Hong Kong/Macao/Taiwan. The analysis finds the outbreak has significantly reduced international air traffic and airline revenues.
The Covid-19 Pandemic and Economic Fallout in South Asia.
Coherent national strategies, backed by regional cooperation efforts, offer a way forward for economic recovery in South Asia, which is rapidly becoming the next COVID-19 global hotspot. Challenges and policies relating to macroeconomics, health, economic sectors, stimulus measures, and reforms, which are all crucial for the region’s recovery are discussed.
Tugas Geografi Pariwisata
UNWTO 2011
By : Amelia Suhandri / 14045015
Pendidikan Geografi 2014
Fakultas Ilmu Sosial ( FIS )
Universitas Negeri Padang ( UNP )
The macroeconomic outlook following the COVID-19 pandemic is gloomy, ranging between 3-10% in GDP decline for 2020. Recovery will depend heavily on how fast consumer confidence, employment and global trade can rebound. As a business leader, understanding how the macro outlook will impact your business is critical – especially if you are exposed to export markets.
In this short webinar, we will present the latest views on both global and Scandinavian macroeconomic outlooks, including scenarios to consider in the short, mid and long term, as well as a practical macro toolkit for evaluating your company’s exposure to key economic factors.
Travel and tourism made a significant contribution to Qatar's economy in 2016.
- The direct contribution of travel and tourism to GDP was QAR18.9bn (3.4% of total GDP) and it supported 116,000 jobs directly (6.5% of total employment).
- The total contribution of travel and tourism to Qatar's GDP, including indirect and induced impacts, was QAR56.1bn (10.1% of GDP) and it supported 194,000 jobs (10.8% of total employment).
Impact of COVID-19 on Industry and opportunities 2020 25Subodh Pandey
Indeed, for the first time in world history, this unprecedented situation COVID 19 has been threading to Humanity across the border. there is a glance of affected Industry and the opportunities awaiting for all of us.
The document discusses the impacts of tourism on developing economies. It begins with an introduction stating that while tourism provides economic benefits, it can also have environmental, social, and cultural impacts if not properly managed. It then provides details on the various impacts under sections on environment (1.1.1), sociocultural (1.1.2), and economic (1.1.3). Specific examples of impacts in Thailand (2.3) and India (2.4) are also discussed.
CORONAVIRUS (COVID-19) IMPACT ON VARIOUS INDUSTRIES & POTENTIAL PATHS OF RECO...Mirdul Amin Sarkar
Introduction: The COVID-19 pandemic is going to be the longest health crisis ever being suffered in the modern times. The pandemic has disrupted global supply chains and international trade. More than 100 countries are closing their national borders and the movement of people has come to a screeching halt. The pause in the movement of people is greatly affecting the world economy, as people are staying indoors and major industrial productions has come to a grounding halt. According to an analysis by the UN Department of Economic and Social affairs, the global economy could shrink by upto 1% in 2020 due to the coronavirus pandemic which is lower than the previous forecast of 2.5% growth. The UN also added that the global economy could contract even further if restrictions on economic activities are extended without any adequate fiscal responses.
The coronavirus pandemic is affecting the overall growth of global economy. Some industries are booming in the event of crisis such as Technology, Entertainment industry. Entertainment industry with strong digital presence like Netflix, Amazon prime and technology companies aiding the operations of workplace like videocalling app Zoom are growing significantly in this crisis. Sectors like Groceries, Sanitary & cleaning, Food and beverages, Wholesaling are set to increase due to the pandemic. The corona virus scare has created a huge awareness on hand washing and there is a growing consumers’ inclination towards disinfectants and sanitary products. While some industries are growing with new opportunities, some are stalled and reeling under the lockdown. Tourism and travel industry are completely out of business due to social distancing and travel restrictions. Almost 100 countries over the world have closed their borders and airports have been shut-down for passengers. The airline companies, tourism related business are losing revenue due to the COVID-19 pandemic. Manufacturing sectors are also being closed and the productions are paused due to workers being quarantined in their homes. The agriculture sector is experiencing shortage of labor and fall in agricultural commodity prices. Banking and financial institution will be having hard time in collecting their dues and will be renegotiating credit terms. Banks also won’t be able to gain new deposits during this crisis and thereby affecting its earnings.
This document summarizes key highlights from the UNWTO's 2015 Tourism report. It finds that international tourist arrivals grew 4.3% in 2014 to reach 1.13 billion, marking the fifth consecutive year of robust growth above the long-term average. Growth was strongest in the Americas at 8% while Asia and the Pacific and the Middle East also saw increases of 5%. International tourism receipts grew 3.7% in 2014 to $1.245 trillion. The report forecasts continued growth of 3-4% in international tourist arrivals in 2015 and estimates arrivals will reach 1.8 billion by 2030.
According to analyses from several Spanish organizations:
- The coronavirus will reduce Spain's GDP by 0.9-1.7% and eliminate 313,692 jobs, primarily impacting small and medium enterprises. The tourism sector faces losses of €40,000-€62,000 million and 800,000 jobs at risk.
- In Germany, major economic indicators in March showed the largest declines in history due to the pandemic. The economy is forecast to contract 1.5% in 2020 with unemployment rising significantly.
- Unemployment in Norway jumped 8.1 percentage points in March to 10.9%, the highest increase since 1930, as coronavirus measures impacted businesses.
Running head IMPACT OF COVID 19 ON TOURSIM INDUSTRY OF UAE1.docxwlynn1
Running head: IMPACT OF COVID 19 ON TOURSIM INDUSTRY OF UAE1
IMPACT OF COVID 19 ON TOURSIM INDUSTRY OF UAE 5
IMPACT OF COVID 19 ON TOURSIM INDUSTRY OF UAE
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The major source of economic stabilization in Middle East countries is oil production and export. The recent pandemic is causing turbulence to the economies of the Middle East region. A sudden drop in domestic and external demand for goods and products especially crude oil, downfall in the crude oil prices, halts in the production due to labor shortage are some of the major impacts observed in the region. Additionally, falling consumer confidence coupled with the tightened financial condition is also decreasing the economic activities in the region. The World Travel and Tourism Council have warned the COVID-19 pandemic could cut 50 million jobs worldwide in the travel and tourism industry.Once the outbreak is over, it could take up to 10 months for the industry to recover. The tourism industry currently accounts for 10% of global GDP. The UAE economy derives much from its tourism industry. Studies project the travel and tourism industry will contribute about Dh312.4 billion to the UAE’s GDP by 2027. It is apparent that the industry and its employees are the backbone of the economy. But if businesses in this industry don’t receive immediate aid from the government, the chances of them surviving the coronavirus outbreak are slim even though they were growing at a commendable rate before the outbreak (Hill, 2020). The corona virus epidemic is putting up to 50 million jobs in the global travel and tourism sector at risk, with travel likely to slump by a quarter this year. The United Arab Emirates has implemented a travel ban on non-Emiratis residents, reduced customs fees and municipality fees, cut interest rates and is rolling out a $27 billion stimulus package to attempt to reduce the impact of the corona virus on the economy. With tens of thousands infected across the region and thousands of lives lost, it is clear that Covid-19 will exacerbate governance failures, sectarianism, tensions between secularists and Islamists, and deepens economic cleavages within and between the states. The United Arab Emirates began implementing social distancing measures whilst the virus was still at its infancy.
The impact would be felt most on the economic front as capital markets tumble, tourists evaporate in the midst of a ban on flights and lockdowns, and oil prices contract. Chinese buyers are involved in a significant portion of real estate transactions in the UAE. With China still recovering from the virus, these Chinese buyers have postponed making new purchases. Given the vast economy of UAE with its glut of property, even before the virus, this city-state is confronting economic catastrophe. With the UAE cancelling its Expo 2020and Saudi Arabia not allowing the annual haj pilgrimage to take place, hundreds of millions of dollars were lo.
Coronavirus Impact Assessment And Mitigation Strategies On Theme Park Industr...SlideTeam
Coronavirus Impact Assessment and Mitigation Strategies in the Theme Park Industry Product Description The coronavirus pandemic has crippled the theme park sector, including the worlds top amusement company. Like most other industries, in the current shutdown, the amusement business, which is mostly about family bonding, is sadly marred by the Coronavirus pandemics social distancing norms. In view of various extraneous factors, the last 5 6 months from December 2019 to May 2020 have been almost washed out. This deck will help to analyze the various factor which is impacting the overall theme park industry. We have created this deck to cover the impact od coronavirus in the theme park or amusement park industry along with the mitigation strategies. In this template, we have focused on an overview of the theme park amusement park sector wherein pandemic impact on global and US economy. The research deck includes the risks of Covid 19 in theme park industry businesses such as disruption due to social distancing, plummeting employee productivity, recession, unemployment, and investment pull back, economic instability, and civil unrest, etc. Risks mitigation strategies are also analyzed which focusses on business impact analysis, risk readiness assessment, risk management plans, etc. This deck also provides the business continuity plan for the theme park industry which the company should follow while reopening the operations during or after the COVID 19 situation. The risk maturity model survey questionnaire along with the results are also covered in this template. https://bit.ly/329eft3
The document provides strategies for Kenya's tourism industry recovery from the impacts of COVID-19. It discusses immediate, medium-term, and long-term impacts including job losses, revenue reductions, and business closures. Recommendations focus on improving health and safety protocols, staggering reopening, financial support, marketing, training, and diversifying tourism products. Domestic tourism is highlighted as important for recovery initially, through targeting growing demographic groups and repackaging products to local interests.
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IMPACT OF CORONA VIRUS ON THE TOURISM INDUSTRY OF UAE
1. INTRODUCTION
The COVID-19 pandemic and the steps taken to curtail its spread have a strong effect on the tourism market. According to the United Nations (UNWTO), in 2020 the COVID-19 pandemic would result in a 20 to 30 percent reduction of the tourism industry. This estimate is likely to be cautious for countries that rely on foreign tourists, as recent data on daily air traffic show a decrease of nearly 80% since January2020.
While several economic sectors are supposed to rebound as restrictive restrictions are removed, the pandemic has a longer-lasting effect on foreign tourism. This is primarily attributed to decreased consumer trust and the likelihood that the free migration of human beings would be limited longer. COVID-19 impact on tourism The link between Coronavirus (COVID-19) and News, Analysis and Resources The average recovery time for visitors to a destination was about 19 months in previous viral epidemics, according to World Travel and Tourism Commission (WTTC).
The rapid, severe and undoubtedly protracted downturn in the travel and tourism industry has forced international tourism countries to depend heavily on their finances. This involve the tiny developing island countries (SIDS), which are not only most fragile because they are heavily tourist-dependent but also because any shock of this size is challenging for tiny economies to cope with. On average, according to WTTC statistics, the tourism sector accounts for almost 30% of the SIDS gross domestic product (GDP). Of the Maldives, Seychelles, St. Kitts and Nevis and Grenada, this proportion is more than 50%. In general, travel and tourism raise around $30 billion annually in SIDS. A 25% decrease in tourism receipts would result in $7.4 billion or 7.3% decrease in GDP. The decline in certain SIDS may be considerably larger, hitting 16% on the Maldives and Seychelles.
The COVID-19 pandemic is projected to contribute, for several SIDS, to large levels of sales losses immediately without the requirement for an alternate source of foreign currency revenues to fund international debt and pay for imports.
Devastating economic consequences Countries can generally cope with economic storms through additional debt or by using foreign reserves that are available.
Nevertheless, access to global capital markets is becoming more restricting, particularly for small countries like SIDS, which are mostly hig.
This document summarizes the impacts of COVID-19 on the tourism and banking sectors in Bangladesh. It discusses how the pandemic severely impacted tourism through international flight cancellations and job losses in the tourism industry. It also notes the economic impacts, including an 80% predicted drop in international tourism. Regarding banking, the document outlines challenges like financial difficulties for management and increased non-performing loans. It provides statistics on affected bankers and declining private sector credit growth. Finally, it summarizes policies from the Bangladesh government and central bank to support these hard-hit sectors during the pandemic.
This document summarizes the impacts of COVID-19 on the tourism and banking sectors in Bangladesh. It discusses how the pandemic severely impacted tourism through international flight cancellations and job losses in the tourism industry. It also notes the economic impacts, including an 80% predicted drop in international tourism. Regarding banking, the document outlines challenges like financial difficulties for management and increased non-performing loans. It provides statistics on affected bankers and declining private sector credit growth. Finally, it summarizes policies from the Bangladesh government and central bank to support these hard-hit sectors during the pandemic.
The document discusses the impact of COVID-19 on the global tourism industry. It notes that international tourist arrivals declined by 70% from January to June 2021 due to travel restrictions from the pandemic. The tourism industry has been severely impacted and is predicted to lose over 120 million jobs with over $1 trillion in economic damage. Research found that the tourism sector plays an important economic role but has faced significant challenges from COVID-19, ultimately impacting the economic growth of many nations. Safety measures are being implemented and travel bubbles proposed to revive the hard-hit tourism industry in a phased manner.
As covid 19 is on its path of disrupting and damaging world economies, the economy of India is also not unaffected. With this review paper it has been tried to find the various impacts of lockdown and covid 19 on tourism industry specifically in India. Impact of corona on Indian economy, tourism, and other parts of tourism will be analyzed with the help of content analysis. Medical tourism being hit at large will also be discussed apart from other sections of tourism in India. This paper will also attempt to gather the views on responsible tourism and will gather the suggested possible frameworks for government and bureaucrats to consider. Bringing equality, social justice and oneness are some of the important aspects associated with tourism cohesively and so an attempt has been made to draw attention towards them in the study. Abhimanyu Awasthi | Md. Soyav | Kumari Shiwani "Effect of Covid-19 on Tourism Industry" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-5 | Issue-1 , December 2020, URL: https://www.ijtsrd.com/papers/ijtsrd38070.pdf Paper URL : https://www.ijtsrd.com/management/business-administration/38070/effect-of-covid19-on-tourism-industry/abhimanyu-awasthi
Impact of Covid 19 on Tourism Sector in Nagaland An OverviewYogeshIJTSRD
With the outbreak of corona virus and subsequent lockdown restrictions has adversely impacted the global economy and India is no exception. This pandemic has deeply impacted on the tourism sectors as all the tourism activities was stand hold to contain the spreading of corona virus. This paper discussed about the origin of covid 19, highlight of covid 19 all over India and Nagaland. This paper also enlighten with rural tourism which we also called as community tourism, in respect to some selected villages. One of the major event contributors to the growth of tourism sector in Nagaland is -˜Hornbill festival’. This hornbill festival generated business worth of Rs. 100.73 crores revenue from investment of Rs.4 crores, giving around 8000 plus employment jobs to Nagaland economy during the year 2019. However, due to covid 19 pandemic, the Nagaland Government has decided to go complete virtual celebration of Hornbill festival 2020 and therefore the income and employment generated in previous years are recorded as losses and cannot be quantified due to the ongoing pandemic. Based on the challenges of tourism, this paper have brings out some policies and recommendations which needs to be dealt by the Nagaland government after the Pandemic crisis to revive the local tourism. The government should focus on the promotion of domestic and rural tourism as a short term strategy which could be the major contributor to the growth of eco tourism sector in Nagaland. Dr. Aomatsung "Impact of Covid 19 on Tourism Sector in Nagaland: An Overview" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-5 | Issue-5 , August 2021, URL: https://www.ijtsrd.com/papers/ijtsrd43759.pdf Paper URL: https://www.ijtsrd.com/humanities-and-the-arts/economics/43759/impact-of-covid-19-on-tourism-sector-in-nagaland-an-overview/dr-aomatsung
Coronavirus Impact Assessment And Mitigation Strategies On Retail Sector Comp...SlideTeam
The PowerPoint template is useful tool in presenting coronavirus impact assessment and mitigation strategies on retail industry. It covers details regarding the retail sector overview, analyzing customer shopping pattern. It covers information regarding how COVID 19 pandemics has impacted US economy and impact of coronavirus spread on various segments of retail, addressing retail operational tasks associated to exposure of risks. It caters information about how consumer buying pattern has changed due to pandemic outbreak by determining top and worst selling consumer goods. It covers details about how shopping trends at ecommerce platforms have changed. Various enterprise risks are identified such as disruption due to social distancing, plummeting employee productivity, stressed supply chain and trade war, recession in retail operations, unemployment and investment pullback risk, and economic instability and civil unrest due to pandemic and how these risks are impacting overall customer in retail store experience. It also covers details about how these risks can be mitigated through business impact analysis, risk readiness assessment, risk management plan, business continuity plan, policy management, incident management, risk response plan for retail enterprise during COVID-19 outbreak. It also covers risk maturity survey questionnaire to ensure the maturity level of enterprises in handling risks. https://bit.ly/30JXBQ0
Eec project on impact on covid 19 tourism in malaysiaKalingoAurobindo
This document contains a project report on the impact of COVID-19 on Malaysia's tourism industry. It includes an introduction to COVID-19 and its effects, a background on the tourism sector in Malaysia, and details on how the pandemic has negatively impacted airlines, hotels, and tourism. The outbreak has exposed risks to Malaysia's Visit 2020 campaign by leading to a large drop in tourists from Singapore and China. It concludes that COVID-19 has hugely impacted Malaysia's tourism industry by causing tourists to cancel trips and the government to impose restrictions.
The impact of covid-19 on tourism industry in bangladeshAkramulRatul1
The COVID-19 pandemic has significantly impacted the global tourism industry through widespread travel restrictions and a decline in demand. International tourist arrivals are estimated to decrease by 20-30% in 2020, resulting in $30-50 billion in lost revenue. Tourism-reliant sectors like hotels, restaurants, casinos, cruises, and retail are struggling with less business. Countries like China, India, Singapore and Japan saw large declines in foreign visitors of over 50% in early 2020. Many interconnected industries are affected by the downturn in tourism caused by the pandemic.
Coronavirus Impact Assessment And Mitigation Strategies In Hotel Industry Com...SlideTeam
The PowerPoint template is useful tool in presenting coronavirus impact assessment and mitigation strategies associated to Hotel industry. It covers details regarding the hotel sector overview, economic impact on hotel industry, decline in hotel occupancy affecting hotel industry, local communities and national economy, scenario analysis of hotel sector revival, impact of coronavirus on various segments. Several enterprise risks are identified such as disruption due to social distancing, plummeting employee productivity, stressed supply chain, recession in hotel sector, unemployment and investment pullback risk, and economic instability and civil unrest due to pandemic and how these risks are impacting overall hoteliers and clients in hotel sector. The template covers details about how these risks can be mitigated through business impact analysis, risk readiness assessment, risk management plan, business continuity plan by ensuring safety to hotel staff, digitalizing hotel premises, addressing travel demand, ensuring safety of hotel staff, policy management, incident management. It also covers information regarding the marketing plan in order to address future demand of hotel, role of government in reviving hotel industry and risk response plan for firms associated to hotel sector during COVID -19 outbreak. It provides details about risk maturity survey questionnaire to ensure the maturity level of enterprises in handling risks. https://bit.ly/2WD8nW8
- The document provides information on COVID-19 vaccines currently in clinical trials, with the earliest completion date being September 2021. After phase II trials establish safety, some vaccines may receive emergency approval for frontline workers.
- It also includes summaries of GDP growth forecasts from the World Bank, showing a projected global economic contraction of 5.2% in 2020 before a modest recovery in 2021. Advanced economies are expected to contract more severely and take longer to recover pre-pandemic levels.
- The Thai economy is forecast to contract 10% in 2020, with exports, tourism, and consumption only beginning to recover once the pandemic ends, not reaching pre-COVID levels until 2023. Various industries are negatively and positively impacted.
Covid-19 impact on Travel Industry - AnalysisGaurav Gupta
Get ready for the impact of Covid-19 on Travel Industry. Automation is the key. Industry insights & size of Indian Travel Industry included with figures. Investor sentiments post covid-19 included
The document provides an overview of Kenya's macroeconomic environment and fiscal budget for 2020/21, which has been significantly impacted by the COVID-19 pandemic. It summarizes that the global economy is projected to contract sharply in 2020 due to the pandemic. Kenya's GDP growth is also expected to decline sharply to about 2.3% from 5.4% in 2019. The pandemic has adversely affected key sectors in Kenya like tourism, trade, manufacturing, and agriculture. The fiscal budget for 2020/21 has been adjusted downwards to KSHS 2.7 trillion to create fiscal space in light of lower revenue projections and the President's KSHS 53.7 billion stimulus package focuses on boosting key sectors to mitigate the
State of the global islamic economy 2020 21 report - english executive summaryRepublikaDigital
The document summarizes the key findings of the 2020/2021 State of the Global Islamic Economy Report. It finds that global Muslim spending on food, pharmaceuticals, cosmetics, fashion, travel and media/recreation sectors was estimated at $2.02 trillion in 2019, representing a 3.2% annual growth, though the pandemic is expected to result in an 8% decrease in 2020 spending. Islamic finance assets were estimated at $2.88 trillion in 2019 and are projected to reach $3.69 trillion by 2024. The pandemic has disrupted sectors differently, with travel the worst hit and food faring better.
Rural Tourism Post COVID 19 Perspectives and Possibilitiesijtsrd
To assess the current discussion about the possible impacts on rural tourism spots and places with such possible perspective, by the pandemic caused by corona virus, the relevant outcomes must be evaluated. The related results must be evaluated to assess the latest debate regarding the potential impacts on rural tourism spots and places with such possible perspective, by the pandemic caused by corona virus. This perspective may have either positive or negative consequences and it gives some insight into what could happen to certain rural tourist destinations if the global tourism industry picks up again. To show rural tourism conservation activities and to provide a commentary on the consequence of pandemic caused by covid 19 virus on the rural tourism atmosphere, a mix of online tools and studies of sustainable impact, as well as tourism, is used. The study also provides background and perspective on how COVID 19 reflection can impact rural tourism businesses in the upcoming times. This perspective paper not only incorporates valuable findings on the importance of rural tourism but also represents the recent rise of coexisting perspectives. Mr. Akshay Nain "Rural Tourism Post COVID-19: Perspectives & Possibilities" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-8 | Issue-1 , February 2024, URL: https://www.ijtsrd.com/papers/ijtsrd63512.pdf Paper Url: https://www.ijtsrd.com/medicine/other/63512/rural-tourism-post-covid19-perspectives-and-possibilities/mr-akshay-nain
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2. Table of Contents for Coronavirus Impact Assessment & Mitigation Strategies on Tourism & Leisure
2
Risk 3: Stressed Supply Chains
› Determine Supply Chain Disruptions Risks During
COVID 19 Pandemic
Addressing Tourism & Leisure Consumer Behavior
› Impact of Coronavirus Spread on Various
Tourism & Leisure Segment
› Determining Tourist Consumption Habits
› Addressing Consumer Concerns Associated to
Everyday & Tourism Activities
Risk 1: Disruption Due to Social Distancing
› Determining Impact of Social Distancing Due to
Virus Transmission
› Social Distancing in Tourism & Leisure Industry
Risk 2: Plummeting Employee Productivity
› Risks Associated to Tourism & Leisure Staff Productivity
Risk 5: Economic Instability & Civil Unrest
› Rise of Economy Instability in Tourism & Leisure Sector
› How Risk of Civil Unrest Prevailing Due to Pandemic
Risk Readiness Assessments
› Readiness Assessment to Ensure Business Preparedness
During Pandemic
› Evaluating Financial Practices in Firm
Risk Management Plans
› Risk Assessment Matrix in Pandemic Situation
› Risk Contingency Plan for COVID 19
› Risk Management Action Plan
› Preparing COVID 19 Recovery Strategy by Determining
Travel Demand
› Domestic Travel as Opportunity During COVID 19 Pandemic
Business Impact Analysis
› Pandemic Severity Impact Assessment
› Business Impact Assessment During COVID 19 Pandemic
How Risks are Mitigated
Policy Management
› Post Pandemic Aid to Employees Associated to Tourism &
Leisure Sector
› Addressing People Safety & Reservation Cancellation Policies
Incident Management
› Incident Management Summary Report
› Ensuring Staff Safety to Avoid Critical Incident
› Essential Communication to Consumers Associated to
Tourism & Leisure Sector
Risk Maturity Model Survey Questionnaire
› Addressing Present State of Risk Maturity Model
› Determine Enterprise Risk Management Growth
› Determining Various Departments Crucial for ERM
Implementation
› Determine Critical Functions Performed by Risk Managers
using ERM
Marketing Plan to Address Future Demand
Role of Government in Reviving Tourism & Leisure
Industry
Risk Response Plan for Tourism & Leisure Firms
During COVID – 19
Tourism & Leisure Sector Overview
› Tourism & Leisure Industry Overview During COVID 19
Pandemic Impact on GDP Growth Forecast in 2020
› Contribution of Travel, Tourism & Leisure Sector to GDP
› Impact of Coronavirus Pandemic on GDP
› Impact on China Tourism Industry During COVID 19
Pandemic
› Determine International Tourists’ Arrivals & Tourism Receipts
Risk 4: Recession, Unemployment & Investment Pull-back
› Determining Recession Risk Associated to Tourism &
Leisure Industry
› Assessing Unemployment Risk on Tourism & Leisure
Industry During Pandemic
› Investment Pullback in Tourism & Leisure Sector
Business Continuity Plans
› Communication & Marketing Plan for Reviving Tourism & Leisure
Industry
› Administrative Action Plan Related to Tourism & Leisure Industry
› Commercial Action Plan Related to Tourism & Leisure Industry
› Workforce Assistance Program
› How to Handle Supply Chain Disruption
3. Table of Contents for Coronavirus Impact Assessment & Mitigation Strategies on Tourism & Leisure
3
Addressing Tourism & Leisure Consumer Behavior
› Impact of Coronavirus Spread on Various
Tourism & Leisure Segment
› Determining Tourist Consumption Habits
› Addressing Consumer Concerns Associated to
Everyday & Tourism Activities
Risk 1: Disruption Due to Social Distancing
› Determining Impact of Social Distancing Due to
Virus Transmission
› Social Distancing in Tourism & Leisure Industry
Risk 2: Plummeting Employee Productivity
› Risks Associated to Tourism & Leisure Staff Productivity
Risk 3: Stressed Supply Chains
› Determine Supply Chain Disruptions Risks During
COVID 19 Pandemic
Risk 5: Economic Instability & Civil Unrest
› Rise of Economy Instability in Tourism & Leisure Sector
› How Risk of Civil Unrest Prevailing Due to Pandemic
Risk Readiness Assessments
› Readiness Assessment to Ensure Business Preparedness
During Pandemic
› Evaluating Financial Practices in Firm
Risk Management Plans
› Risk Assessment Matrix in Pandemic Situation
› Risk Contingency Plan for COVID 19
› Risk Management Action Plan
› Preparing COVID 19 Recovery Strategy by Determining
Travel Demand
› Domestic Travel as Opportunity During COVID 19 Pandemic
Business Impact Analysis
› Pandemic Severity Impact Assessment
› Business Impact Assessment During COVID 19 Pandemic
How Risks are Mitigated
Policy Management
› Post Pandemic Aid to Employees Associated to Tourism &
Leisure Sector
› Addressing People Safety & Reservation Cancellation Policies
Incident Management
› Incident Management Summary Report
› Ensuring Staff Safety to Avoid Critical Incident
› Essential Communication to Consumers Associated to
Tourism & Leisure Sector
Risk Maturity Model Survey Questionnaire
› Addressing Present State of Risk Maturity Model
› Determine Enterprise Risk Management Growth
› Determining Various Departments Crucial for ERM
Implementation
› Determine Critical Functions Performed by Risk Managers
using ERM
Marketing Plan to Address Future Demand
Role of Government in Reviving Tourism & Leisure
Industry
Risk Response Plan for Tourism & Leisure Firms
During COVID – 19
Risk 4: Recession, Unemployment & Investment Pull-back
› Determining Recession Risk Associated to Tourism &
Leisure Industry
› Assessing Unemployment Risk on Tourism & Leisure
Industry During Pandemic
› Investment Pullback in Tourism & Leisure Sector
Business Continuity Plans
› Communication & Marketing Plan for Reviving Tourism & Leisure
Industry
› Administrative Action Plan Related to Tourism & Leisure Industry
› Commercial Action Plan Related to Tourism & Leisure Industry
› Workforce Assistance Program
› How to Handle Supply Chain Disruption
Tourism & Leisure Sector Overview
› Tourism & Leisure Industry Overview During COVID 19
Pandemic Impact on GDP Growth Forecast in 2020
› Contribution of Travel, Tourism & Leisure Sector to GDP
› Impact of Coronavirus Pandemic on GDP
› Impact on China Tourism Industry During COVID 19
Pandemic
› Determine International Tourists’ Arrivals & Tourism Receipts
4. Tourism and Leisure Industry Overview During COVID 19 Pandemic
4
This slide covers information regarding the overview of hotel sector and how the sector has affected due to recent COVID 19 pandemic outbreak.
Tourism and Leisure sector revival is difficult in such pandemic and expect recovery beyond 2022
Year 2020 will be considered as loss making year with risk of being missing out rest of the season
There is as risk that people might spend summer holidays in their home countries even after the relaxations
Sector is assuming to resume its operations by July 2020
Complete lockdown in many regions restricts growth of tourism and leisure sector
COVID-19 related restrictions since January 2020
› America-92%
› Europe-93%
› Africa, Asia-Pacific and Middle East-100%
$30-$50 billion loss
in international
tourism revenue
100% reservations are
cancelled or deferred
till May end
96% of all worldwide
destinations have
imposed travel
restrictions due to
pandemic outbreak
50% loss in revenue
as compared to
year 2019
50% decrease in
average occupancy
as compared to
previous year
This slide is 100% editable. Adapt it to your needs and capture your audience's attention.
5. Contribution of Travel, Tourism and Leisure Sector to GDP
5
This slide provides information regarding the contribution (direct and indirect impact) of travel, tourism and leisure sector associated to global GDP.
0
5
10
15
20
25
30
35
40
45
Direct Impact Indirect and Induced Impact
Percentage of GDP
66.1
40.0
32.7
Direct Impact Comprises of GDP Generated by Firms that directly
Associated to Tourists such as Travel agents, Hotels, etc. & is
Consistence with total GDP measured in Tourism Satellite Account
Indirect Impact Comprises of Business
to Business Transactions Associated to
Tourism Activity
This graph/chart is linked to excel, and changes automatically based on data. Just left click on it and select “Edit Data”.
6. Impact of Coronavirus Pandemic on GDP
6
This slide covers information about the COVID – 19 impact on major economies GDP growth.
-1%
0%
1%
2%
3%
4%
5%
6%
China Japan Other Asia* Eurozone United States
Q1 2020 New Estimate Q1 Old Estimate
* Major Emerging Economies other than China
Forecasted Impact of Coronavirus on Global GDPs Growth
Tourism Industry Contributed to 10.4% of
World’s GDP in 2019
Global GDP will Decline
in Q1 by 0.42%
This graph/chart is linked to excel, and changes automatically based on data. Just left click on it and select “Edit Data”.
Impact
-1.5% -0.4% -0.4% -0.1% -0.1%
7. Impact on China Tourism Industry During COVID 19 Pandemic
7
This slide covers information regarding the impact on China tourism sector due to recent COVID 19 pandemic outbreak.
Estimated Loss due to Suspended Tours of Chinese Tourist in Q1
2020 (in 1,000 US dollars)
Income Loss of Russia Tour Operators if Tourist flow will not
Resume from May to September 2020(in million Russian Rubles)
Estimated no. of Organized Tourists from China per Month
from January to May 2020
Estimated no. of Chinese tourists whose Tours were
Suspended by January 28, 2020
Estimated no. of Chinese tourists in Russia in 2019 (in 1,000s)
Income loss of Russia Tour Operators from February to March
2020(in million Russian Rubles) 2,800
31,200
1,00,000
1,500
9,000
45,000
Impact of COVID – 19 on Russian inbound tourism from China in 2020
Tourism industry
contributed to 10.4% of
world’s GDP in 2019
China is considered as
largest outbound travel
market in world in
terms of spending
About Chinese tourism
› No. of outbound trips in
2018-150 million
› Amount spend in travels
abroad-$277 billion
China tourism is severely
affected due to coronavirus
pandemic as tourism
represents 11% of china’s GDP
with growth rate of 7%
China believes that
epidemic will be
under control by end
of april, 2020
This graph/chart is linked to excel, and changes automatically based on data. Just left click on it and select “Edit Data”.
8. Determine International Tourists Arrivals and Tourism Receipts
8
This slide covers information regarding the overview of international tourist arrival and tourism receipts during SARS epidemic, financial crisis and COVID – 19 pandemic.
International
Tourists
Arrival
(in
millions)
674 674 694 691
756 809 855
912 929 892
952 997 1044 1097 1143 1197 1243
1333
1408 1460
1020
0
200
400
600
800
1000
1200
1400
1600
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019(e) 2020(e)
SARS Epidemic in 2003
International tourists arrival
reduced by 3 million(i.e. 0.4%)
Financial Crisis in 2009
International tourists arrival
reduced by 37 million(i.e. 4%)
COVID-19 Pandemic in 2020
International tourists arrival
reduced by 440 million(i.e. 30%)
International
Tourists
Receipts
(in
US$
billions)
496 485 506 555
658 707
773
892
989
901
979
1096 1135
1224 1285 1227 1253
1351
1463 1507
1060
0
200
400
600
800
1000
1200
1400
1600
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
SARS Epidemic in 2003
International tourism receipts
reduced by $50 billion(i.e. 1.4% in
real terms)
Financial Crisis in 2009
International tourism receipts
reduced by $88 billion(i.e. 5.4% in
real terms)
COVID-19 Pandemic in 2020
International tourism receipts
reduced by $450 billion(i.e. 30%
in nominal terms)
This graph/chart is linked to excel, and changes automatically based on data. Just left click on it and select “Edit Data”.
9. Table of Contents for Coronavirus Impact Assessment & Mitigation Strategies on Tourism & Leisure
9
Risk 1: Disruption Due to Social Distancing
› Determining Impact of Social Distancing Due to
Virus Transmission
› Social Distancing in Tourism & Leisure Industry
Risk 2: Plummeting Employee Productivity
› Risks Associated to Tourism & Leisure Staff Productivity
Risk 3: Stressed Supply Chains
› Determine Supply Chain Disruptions Risks During
COVID 19 Pandemic
Risk 5: Economic Instability & Civil Unrest
› Rise of Economy Instability in Tourism & Leisure Sector
› How Risk of Civil Unrest Prevailing Due to Pandemic
Risk Readiness Assessments
› Readiness Assessment to Ensure Business Preparedness
During Pandemic
› Evaluating Financial Practices in Firm
Risk Management Plans
› Risk Assessment Matrix in Pandemic Situation
› Risk Contingency Plan for COVID 19
› Risk Management Action Plan
› Preparing COVID 19 Recovery Strategy by Determining
Travel Demand
› Domestic Travel as Opportunity During COVID 19 Pandemic
Business Impact Analysis
› Pandemic Severity Impact Assessment
› Business Impact Assessment During COVID 19 Pandemic
How Risks are Mitigated
Policy Management
› Post Pandemic Aid to Employees Associated to Tourism &
Leisure Sector
› Addressing People Safety & Reservation Cancellation Policies
Incident Management
› Incident Management Summary Report
› Ensuring Staff Safety to Avoid Critical Incident
› Essential Communication to Consumers Associated to
Tourism & Leisure Sector
Risk Maturity Model Survey Questionnaire
› Addressing Present State of Risk Maturity Model
› Determine Enterprise Risk Management Growth
› Determining Various Departments Crucial for ERM
Implementation
› Determine Critical Functions Performed by Risk Managers
using ERM
Marketing Plan to Address Future Demand
Role of Government in Reviving Tourism & Leisure
Industry
Risk Response Plan for Tourism & Leisure Firms
During COVID – 19
Risk 4: Recession, Unemployment & Investment Pull-back
› Determining Recession Risk Associated to Tourism &
Leisure Industry
› Assessing Unemployment Risk on Tourism & Leisure
Industry During Pandemic
› Investment Pullback in Tourism & Leisure Sector
Business Continuity Plans
› Communication & Marketing Plan for Reviving Tourism & Leisure
Industry
› Administrative Action Plan Related to Tourism & Leisure Industry
› Commercial Action Plan Related to Tourism & Leisure Industry
› Workforce Assistance Program
› How to Handle Supply Chain Disruption
Tourism & Leisure Sector Overview
› Tourism & Leisure Industry Overview During COVID 19
Pandemic Impact on GDP Growth Forecast in 2020
› Contribution of Travel, Tourism & Leisure Sector to GDP
› Impact of Coronavirus Pandemic on GDP
› Impact on China Tourism Industry During COVID 19
Pandemic
› Determine International Tourists’ Arrivals & Tourism Receipts
Addressing Tourism & Leisure Consumer Behavior
› Impact of Coronavirus Spread on Various
Tourism & Leisure Segment
› Determining Tourist Consumption Habits
› Addressing Consumer Concerns Associated to
Everyday & Tourism Activities
10. Impact of Coronavirus Spread on Various Tourism and Leisure Segment
10
This slide covers information about the COVID – 19 pandemic impact on various segment of tourism and leisure segment such as tourist apartment, business travel, nightly leisure and shopping tourism.
Business
Travel
› 89% cancellation or
suspension of non
essential travel reported
in business travel sector
across the globe
› Firms associated to
Global Business Travel
Association have –
• Cancelled 91% of
meetings
• 92% of meetings
have been postponed
Tourist
Apartment
› Fall in tourist apartment
business is 23% across
the globe
Nightly
Leisure
› International Nightlife
Association forecasted
losses of $271 billion
› In Spain, annual turnover
estimated to $25,000
million euros & employs
300,000 people per year
› In New York, annual
turnover is $35,100
million & employees
300,000 people
Shopping Tourism
(Fashion & Luxury)
› Luxury market will incur
loss of $400-$600 billion
in sales
› Decline in tourist
spending is high while
keeping in mind that
96.8% of tourists make
purchases during trips
This slide is 100% editable. Adapt it to your needs and capture your audience's attention.
11. Determining Tourist Consumption Habits
11
This slide covers information regarding the overview of tourist consumption habits due to coronavirus outbreak.
-5%
-49%
-86%
-75%
-60%
-55%
-45%
-40% -40%
-35% -35%
-100%
-80%
-60%
-40%
-20%
0%
Feb Mar Apr May Jun Jul Aug Sept Oct Nov Dec
Tourism sector will
resume firstly in China if
it is able to control virus
Travel restrictions will
continue in some
countries mainly in West,
which result tourist will
make trips within their
country instead of going
abroad
Consumer will get more
conscious about
environmental and social
awareness
Consumers will prefer in
travelling places that
respect environment, low
pollution, cleanliness
Leveraging products
associated to cultural
identity and pride to
realize locals about their
region cultural heritage
85% of consumers will
spend less on travel and
leisure activities
Estimated COVID – 19 Impact on Tourism Industry Revenue
This graph/chart is linked to excel, and changes automatically based on data. Just left click on it and select “Edit Data”.
12. Addressing Consumer Concerns Associated to Everyday and Tourism Activities
12
This slide covers information regarding the assessment of consumer concerns associated to everyday and travel tourism activities.
38 38
26
19
16 17
22
7
11 9
2 2
51
47
35
28
25 24
30
26 21
17
13
8
0
10
20
30
40
50
60
Travelling
Internationally
Taking a
cruise
Taking a
domestic flight
Visiting a
theme park
Visiting a
casino
Staying at a
hotel
Taking a bus,
subway, or
train
Taking an
Uber/Lyft
Going to a
restaurant
Going to a
local store
Shopping
online
Cooking at a
friend's house
Consumers concerned about performing the activity during virus outbreak in % Nomally consumers concerned about performing he activity in %
Travel & Tourism Everyday Activities
› It is to be noted that the consumers are taking more conscious while performing activities associated to travel and tourism sector
› The consumers will take precautionary measures in order to perform such activities
This graph/chart is linked to excel, and changes automatically based on data. Just left click on it and select “Edit Data”.
13. Table of Contents for Coronavirus Impact Assessment & Mitigation Strategies on Tourism & Leisure
13
Addressing Tourism & Leisure Consumer Behavior
› Impact of Coronavirus Spread on Various
Tourism & Leisure Segment
› Determining Tourist Consumption Habits
› Addressing Consumer Concerns Associated to
Everyday & Tourism Activities
Risk 2: Plummeting Employee Productivity
› Risks Associated to Tourism & Leisure Staff Productivity
Risk 3: Stressed Supply Chains
› Determine Supply Chain Disruptions Risks During
COVID 19 Pandemic
Risk 5: Economic Instability & Civil Unrest
› Rise of Economy Instability in Tourism & Leisure Sector
› How Risk of Civil Unrest Prevailing Due to Pandemic
Risk Readiness Assessments
› Readiness Assessment to Ensure Business Preparedness
During Pandemic
› Evaluating Financial Practices in Firm
Risk Management Plans
› Risk Assessment Matrix in Pandemic Situation
› Risk Contingency Plan for COVID 19
› Risk Management Action Plan
› Preparing COVID 19 Recovery Strategy by Determining
Travel Demand
› Domestic Travel as Opportunity During COVID 19 Pandemic
Business Impact Analysis
› Pandemic Severity Impact Assessment
› Business Impact Assessment During COVID 19 Pandemic
How Risks are Mitigated
Policy Management
› Post Pandemic Aid to Employees Associated to Tourism &
Leisure Sector
› Addressing People Safety & Reservation Cancellation Policies
Incident Management
› Incident Management Summary Report
› Ensuring Staff Safety to Avoid Critical Incident
› Essential Communication to Consumers Associated to
Tourism & Leisure Sector
Risk Maturity Model Survey Questionnaire
› Addressing Present State of Risk Maturity Model
› Determine Enterprise Risk Management Growth
› Determining Various Departments Crucial for ERM
Implementation
› Determine Critical Functions Performed by Risk Managers
using ERM
Marketing Plan to Address Future Demand
Role of Government in Reviving Tourism & Leisure
Industry
Risk Response Plan for Tourism & Leisure Firms
During COVID – 19
Risk 4: Recession, Unemployment & Investment Pull-back
› Determining Recession Risk Associated to Tourism &
Leisure Industry
› Assessing Unemployment Risk on Tourism & Leisure
Industry During Pandemic
› Investment Pullback in Tourism & Leisure Sector
Business Continuity Plans
› Communication & Marketing Plan for Reviving Tourism & Leisure
Industry
› Administrative Action Plan Related to Tourism & Leisure Industry
› Commercial Action Plan Related to Tourism & Leisure Industry
› Workforce Assistance Program
› How to Handle Supply Chain Disruption
Tourism & Leisure Sector Overview
› Tourism & Leisure Industry Overview During COVID 19
Pandemic Impact on GDP Growth Forecast in 2020
› Contribution of Travel, Tourism & Leisure Sector to GDP
› Impact of Coronavirus Pandemic on GDP
› Impact on China Tourism Industry During COVID 19
Pandemic
› Determine International Tourists’ Arrivals & Tourism Receipts
Risk 1: Disruption Due to Social Distancing
› Determining Impact of Social Distancing Due to
Virus Transmission
› Social Distancing in Tourism & Leisure Industry
14. Determining Impact of Social Distancing Due to Virus Transmission
14
This slide provides information regarding the impact of social distancing due to COVID – 19 outbreak. The duration of social distancing unclear due to unclear information on seasonal transmission variation.
› Amount of social distancing
required in order to combat
COVID-19 pandemic is unclear
as no information regarding
the seasonal transmission
variation
Volatile situation
creating issues in
making
predictions
› In worst case scenario such as
no vaccines developed, social
distance will be practiced till
2022
› Increase in critical care facility
can reduce COVID-19
pandemic duration by ensuring
critically ill patients' treatment
Social Distancing
will persist till 2022
globally in worst
case scenario
› Single time intervention will be
not capable enough in
handling COVID-19
widespread presence in critical
care facility
› There is potential chance of
virus resurgence due to
seasonal variation in
transmission
No single time
intervention
approach required
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15. Social Distancing in Tourism and Leisure Industry
15
This slide covers information regarding the role of social distancing practice and how it impact tourism and leisure industry.
32%
25%
24%
23%
18%
15%
0%
5%
10%
15%
20%
25%
30%
35%
Rome Venice Milan Florence Madrid Barcelona
Reservation Cancellation Rate
Various countries have
bans entry & exit of
travelers in order to
avoid people’s exposure
to the coronavirus as no
vaccine has been
developed yet
Reduction in travelers
will directly impact
tourism industry resulting
in loss of income & rise
in unemployment
International
movement of
tourists across the
globe will reduce by
20-30% as
compared to 2019
There will reduction in
tourism revenue
between 280,000-
420,000 million dollars
Quarantines has caused
decline of double digits
loss in sales in Italian
luxury market
Social & economic
disruption has affected
luxury goods market in
America, Spain,
Middle East, France,
Spain & Germany
This graph/chart is linked to excel, and changes automatically based on data. Just left click on it and select “Edit Data”.
16. Table of Contents for Coronavirus Impact Assessment & Mitigation Strategies on Tourism & Leisure
16
Addressing Tourism & Leisure Consumer Behavior
› Impact of Coronavirus Spread on Various
Tourism & Leisure Segment
› Determining Tourist Consumption Habits
› Addressing Consumer Concerns Associated to
Everyday & Tourism Activities
Risk 1: Disruption Due to Social Distancing
› Determining Impact of Social Distancing Due to
Virus Transmission
› Social Distancing in Tourism & Leisure Industry
Risk 3: Stressed Supply Chains
› Determine Supply Chain Disruptions Risks During
COVID 19 Pandemic
Risk 5: Economic Instability & Civil Unrest
› Rise of Economy Instability in Tourism & Leisure Sector
› How Risk of Civil Unrest Prevailing Due to Pandemic
Risk Readiness Assessments
› Readiness Assessment to Ensure Business Preparedness
During Pandemic
› Evaluating Financial Practices in Firm
Risk Management Plans
› Risk Assessment Matrix in Pandemic Situation
› Risk Contingency Plan for COVID 19
› Risk Management Action Plan
› Preparing COVID 19 Recovery Strategy by Determining
Travel Demand
› Domestic Travel as Opportunity During COVID 19 Pandemic
Business Impact Analysis
› Pandemic Severity Impact Assessment
› Business Impact Assessment During COVID 19 Pandemic
How Risks are Mitigated
Policy Management
› Post Pandemic Aid to Employees Associated to Tourism &
Leisure Sector
› Addressing People Safety & Reservation Cancellation Policies
Incident Management
› Incident Management Summary Report
› Ensuring Staff Safety to Avoid Critical Incident
› Essential Communication to Consumers Associated to
Tourism & Leisure Sector
Risk Maturity Model Survey Questionnaire
› Addressing Present State of Risk Maturity Model
› Determine Enterprise Risk Management Growth
› Determining Various Departments Crucial for ERM
Implementation
› Determine Critical Functions Performed by Risk Managers
using ERM
Marketing Plan to Address Future Demand
Role of Government in Reviving Tourism & Leisure
Industry
Risk Response Plan for Tourism & Leisure Firms
During COVID – 19
Risk 4: Recession, Unemployment & Investment Pull-back
› Determining Recession Risk Associated to Tourism &
Leisure Industry
› Assessing Unemployment Risk on Tourism & Leisure
Industry During Pandemic
› Investment Pullback in Tourism & Leisure Sector
Business Continuity Plans
› Communication & Marketing Plan for Reviving Tourism & Leisure
Industry
› Administrative Action Plan Related to Tourism & Leisure Industry
› Commercial Action Plan Related to Tourism & Leisure Industry
› Workforce Assistance Program
› How to Handle Supply Chain Disruption
Tourism & Leisure Sector Overview
› Tourism & Leisure Industry Overview During COVID 19
Pandemic Impact on GDP Growth Forecast in 2020
› Contribution of Travel, Tourism & Leisure Sector to GDP
› Impact of Coronavirus Pandemic on GDP
› Impact on China Tourism Industry During COVID 19
Pandemic
› Determine International Tourists’ Arrivals & Tourism Receipts
Risk 2: Plummeting Employee Productivity
› Risks Associated to Tourism & Leisure Staff Productivity
17. Risks Associated to Tourism and Leisure Staff Productivity
17
This slide provides information regarding the risks associated to workforce productivity which depends upon risk of job security, risk related to work and risk of getting stressed.
Risks Associated to Work
› Risk of workers being exposed to virus at workplace
› Lack of essential tools and equipment needed to
perform operational tasks
› Difficulty in learning new tools and dealing with
technical difficulties
› Adapting to various work schedules
Risk Related to Job Security
› Uncertainty about future of
workplace & employment
Risk of Getting Stressed
› Take care of personal &
family needs during working
› Managing different workload
There will be reduction in employee productivity as they might be unable to work due to sickness, stress, etc.
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18. Table of Contents for Coronavirus Impact Assessment & Mitigation Strategies on Tourism & Leisure
18
Addressing Tourism & Leisure Consumer Behavior
› Impact of Coronavirus Spread on Various
Tourism & Leisure Segment
› Determining Tourist Consumption Habits
› Addressing Consumer Concerns Associated to
Everyday & Tourism Activities
Risk 1: Disruption Due to Social Distancing
› Determining Impact of Social Distancing Due to
Virus Transmission
› Social Distancing in Tourism & Leisure Industry
Risk 2: Plummeting Employee Productivity
› Risks Associated to Tourism & Leisure Staff Productivity
Risk 5: Economic Instability & Civil Unrest
› Rise of Economy Instability in Tourism & Leisure Sector
› How Risk of Civil Unrest Prevailing Due to Pandemic
Risk Readiness Assessments
› Readiness Assessment to Ensure Business Preparedness
During Pandemic
› Evaluating Financial Practices in Firm
Risk Management Plans
› Risk Assessment Matrix in Pandemic Situation
› Risk Contingency Plan for COVID 19
› Risk Management Action Plan
› Preparing COVID 19 Recovery Strategy by Determining
Travel Demand
› Domestic Travel as Opportunity During COVID 19 Pandemic
Business Impact Analysis
› Pandemic Severity Impact Assessment
› Business Impact Assessment During COVID 19 Pandemic
How Risks are Mitigated
Policy Management
› Post Pandemic Aid to Employees Associated to Tourism &
Leisure Sector
› Addressing People Safety & Reservation Cancellation Policies
Incident Management
› Incident Management Summary Report
› Ensuring Staff Safety to Avoid Critical Incident
› Essential Communication to Consumers Associated to
Tourism & Leisure Sector
Risk Maturity Model Survey Questionnaire
› Addressing Present State of Risk Maturity Model
› Determine Enterprise Risk Management Growth
› Determining Various Departments Crucial for ERM
Implementation
› Determine Critical Functions Performed by Risk Managers
using ERM
Marketing Plan to Address Future Demand
Role of Government in Reviving Tourism & Leisure
Industry
Risk Response Plan for Tourism & Leisure Firms
During COVID – 19
Risk 4: Recession, Unemployment & Investment Pull-back
› Determining Recession Risk Associated to Tourism &
Leisure Industry
› Assessing Unemployment Risk on Tourism & Leisure
Industry During Pandemic
› Investment Pullback in Tourism & Leisure Sector
Business Continuity Plans
› Communication & Marketing Plan for Reviving Tourism & Leisure
Industry
› Administrative Action Plan Related to Tourism & Leisure Industry
› Commercial Action Plan Related to Tourism & Leisure Industry
› Workforce Assistance Program
› How to Handle Supply Chain Disruption
Tourism & Leisure Sector Overview
› Tourism & Leisure Industry Overview During COVID 19
Pandemic Impact on GDP Growth Forecast in 2020
› Contribution of Travel, Tourism & Leisure Sector to GDP
› Impact of Coronavirus Pandemic on GDP
› Impact on China Tourism Industry During COVID 19
Pandemic
› Determine International Tourists’ Arrivals & Tourism Receipts
Risk 3: Stressed Supply Chains
› Determine Supply Chain Disruptions Risks During
COVID 19 Pandemic
19. Determine Supply Chain Disruptions Risks During COVID 19 Pandemic
19
This slide covers information regarding the overview of supply chain disruption risk during coronavirus outbreak.
Global supply chains that
include perishables are
facing highest risk
Time related supply
chains are witnessing
huge drop in booking
and reservations at
large scale
Public transport are
facing significant fall in
customer footfall
Consumer travelling
is replaced by
telecommunication
Coronavirus related
transportation
restrictions result in
global supply
chain disruptions
Inventory & demand
management is
disrupted due to
manufacturing factory
closures &
economic slowdown
Slowdown in China
leads has affected
Chinese exporters
Supply shortages of products
across the extended supply
network resulting in
significant supply
chain disruption
Business related to
travel & tourism that
are facing losses are
not recoverable
Demand & required supply
fluctuations are difficult to
handle & hence create bull
whip effect in entire supply
chain creating
artificial shortages
This slide is 100% editable. Adapt it to your needs and capture your audience's attention.
20. Table of Contents for Coronavirus Impact Assessment & Mitigation Strategies on Tourism & Leisure
20
Addressing Tourism & Leisure Consumer Behavior
› Impact of Coronavirus Spread on Various
Tourism & Leisure Segment
› Determining Tourist Consumption Habits
› Addressing Consumer Concerns Associated to
Everyday & Tourism Activities
Risk 1: Disruption Due to Social Distancing
› Determining Impact of Social Distancing Due to
Virus Transmission
› Social Distancing in Tourism & Leisure Industry
Risk 2: Plummeting Employee Productivity
› Risks Associated to Tourism & Leisure Staff Productivity
Risk 3: Stressed Supply Chains
› Determine Supply Chain Disruptions Risks During
COVID 19 Pandemic
Risk 5: Economic Instability & Civil Unrest
› Rise of Economy Instability in Tourism & Leisure Sector
› How Risk of Civil Unrest Prevailing Due to Pandemic
Risk Readiness Assessments
› Readiness Assessment to Ensure Business Preparedness
During Pandemic
› Evaluating Financial Practices in Firm
Risk Management Plans
› Risk Assessment Matrix in Pandemic Situation
› Risk Contingency Plan for COVID 19
› Risk Management Action Plan
› Preparing COVID 19 Recovery Strategy by Determining
Travel Demand
› Domestic Travel as Opportunity During COVID 19 Pandemic
Business Impact Analysis
› Pandemic Severity Impact Assessment
› Business Impact Assessment During COVID 19 Pandemic
How Risks are Mitigated
Policy Management
› Post Pandemic Aid to Employees Associated to Tourism &
Leisure Sector
› Addressing People Safety & Reservation Cancellation Policies
Incident Management
› Incident Management Summary Report
› Ensuring Staff Safety to Avoid Critical Incident
› Essential Communication to Consumers Associated to
Tourism & Leisure Sector
Risk Maturity Model Survey Questionnaire
› Addressing Present State of Risk Maturity Model
› Determine Enterprise Risk Management Growth
› Determining Various Departments Crucial for ERM
Implementation
› Determine Critical Functions Performed by Risk Managers
using ERM
Marketing Plan to Address Future Demand
Role of Government in Reviving Tourism & Leisure
Industry
Risk Response Plan for Tourism & Leisure Firms
During COVID – 19
Business Continuity Plans
› Communication & Marketing Plan for Reviving Tourism & Leisure
Industry
› Administrative Action Plan Related to Tourism & Leisure Industry
› Commercial Action Plan Related to Tourism & Leisure Industry
› Workforce Assistance Program
› How to Handle Supply Chain Disruption
Tourism & Leisure Sector Overview
› Tourism & Leisure Industry Overview During COVID 19
Pandemic Impact on GDP Growth Forecast in 2020
› Contribution of Travel, Tourism & Leisure Sector to GDP
› Impact of Coronavirus Pandemic on GDP
› Impact on China Tourism Industry During COVID 19
Pandemic
› Determine International Tourists’ Arrivals & Tourism Receipts
Risk 4: Recession, Unemployment & Investment Pull-back
› Determining Recession Risk Associated to Tourism &
Leisure Industry
› Assessing Unemployment Risk on Tourism & Leisure
Industry During Pandemic
› Investment Pullback in Tourism & Leisure Sector
21. -46% -41% -39% -37% -32% -27%
-50%
-40%
-30%
-20%
-10%
0%
Europe Latin America Middle East Asia Pacific Africa North America
Determining Recession Risk associated to Tourism and Leisure Industry
21
This slide covers information regarding the recession risk by addressing three scenarios associated to tourism and leisure industry.
Per
passenger
&
kilometers
Percentage change in revenue from 2019 to 2020
-76% -19%
-15% -88% -4% -50%
Estimated
Loss, Billions
of U.S.D.
Scenario 1 Scenario 2 Scenario 3
› Decline in arrivals-58%
› Gradual opening of
international borders
› Ease in travel restriction
in early July
› Decline in arrivals-70%
› Gradual opening of
international borders
with ease in travel
restriction in early
September
› Decline in arrivals-78%
› Gradual opening of
international borders
with ease in travel
restriction in early
December
Due to COVID-19
pandemic,
International tourism
will decline by 60-80%
in 2020
Decline in International
travel demand-850 million
to 1.1 billion
international tourists
Estimated
revenue loss -
$910 billion to
$1.2 trillion
100 to 120 million direct
jobs at risk as it is
considered as one of the
most labor-intensive
sectors of economy
Estimated fall in
international tourist
arrivals during Q1
2020-22%
Fall in arrivals in
March-57% due to
lockdown in various
countries with travel
restrictions & closure
of airports & national
borders resulting in
loss in international
arrivals-67 million &
loss in tourism receipts
(tourism exports)
-$80 billion
Global health crisis will
result in risking millions of
livelihood and rollback
progress made in
achieving Sustainable
Development
Goals(SDGs)
This graph/chart is linked to excel, and changes automatically based on data. Just left click on it and select “Edit Data”.
22. Assessing Unemployment Risk on Tourism and Leisure Industry during Pandemic
22
This slide covers information regarding the unemployment risk on tourism and leisure industry due to recent COVID 19 pandemic outbreak.
1.2 2.6
4.7
7.6 8.2
13
63.4
0.00
10.00
20.00
30.00
40.00
50.00
60.00
70.00
Carribean Middle
East
Latin
America
Africa North
America
Europe Asia
Pacific
Cost cutting measures by firms are impacting workforce in
terms of salary reductions, halt on new recruitment resulting
in sectoral unemployment with reduced disposable income
for employees
Ancillary industries such as logistics will also get severely hit
The sector is facing 60% less visits as compared to previous
year
15 to 25% casual and contract employees will face the first
blow
Staff facing difficulties in performing operational duties due to
conditions such as quarantines
The tourism sector is losing 1.2 million direct jobs everyday
Estimated employment loss in tourism &
leisure industry (In millions)
This graph/chart is linked to excel, and changes automatically based on data. Just left click on it and select “Edit Data”.
23. Investment Pullback in Tourism and Leisure Sector
23
This slide covers information regarding the risk of investment pullback in tourism and leisure sector.
Low Perceived Risk of Virus Exposure High
Midscale
casino brands
Premium luxury
casino brands
Quick-service
restaurant brand
Premium coffee
house brand
Premium
steakhouse brand
Online Shopping Local Retail Restaurants Hotels Domestic Fights
Theme Parks Casinos
International Travel
Cruises Public Transit
Both tourism & leisure industry are
severely affected due to
coronavirus pandemic impacting
casino, cruise-line, rental car
companies, lodging companies
Stocks in online travel-agency sector
are facing downturn such as Expedia
(EXPE) has reduced by 63%,
Tripadvisor (TRIP) fell by 53%, Trivago
(TRVG) fell by 46% and Booking
Holdings (BKNG) fell by 38%
Shares of tourism and leisure
stocks are falling due coronavirus
ripple through the market and
investors are divesting from
sectors that specifically sensitive to
coronavirus outbreak such as
travel, leisure and tourism sector
Firm working in these sectors
are lowering their target price
resulting in lowering their
revenue and profit and sluggish
growth estimates as potential
impact of coronavirus spread
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24. Table of Contents for Coronavirus Impact Assessment & Mitigation Strategies on Tourism & Leisure
24
Addressing Tourism & Leisure Consumer Behavior
› Impact of Coronavirus Spread on Various
Tourism & Leisure Segment
› Determining Tourist Consumption Habits
› Addressing Consumer Concerns Associated to
Everyday & Tourism Activities
Risk 1: Disruption Due to Social Distancing
› Determining Impact of Social Distancing Due to
Virus Transmission
› Social Distancing in Tourism & Leisure Industry
Risk 2: Plummeting Employee Productivity
› Risks Associated to Tourism & Leisure Staff Productivity
Risk 3: Stressed Supply Chains
› Determine Supply Chain Disruptions Risks During
COVID 19 Pandemic
Risk Readiness Assessments
› Readiness Assessment to Ensure Business Preparedness
During Pandemic
› Evaluating Financial Practices in Firm
Risk Management Plans
› Risk Assessment Matrix in Pandemic Situation
› Risk Contingency Plan for COVID 19
› Risk Management Action Plan
› Preparing COVID 19 Recovery Strategy by Determining
Travel Demand
› Domestic Travel as Opportunity During COVID 19 Pandemic
Business Impact Analysis
› Pandemic Severity Impact Assessment
› Business Impact Assessment During COVID 19 Pandemic
How Risks are Mitigated
Policy Management
› Post Pandemic Aid to Employees Associated to Tourism &
Leisure Sector
› Addressing People Safety & Reservation Cancellation Policies
Incident Management
› Incident Management Summary Report
› Ensuring Staff Safety to Avoid Critical Incident
› Essential Communication to Consumers Associated to
Tourism & Leisure Sector
Risk Maturity Model Survey Questionnaire
› Addressing Present State of Risk Maturity Model
› Determine Enterprise Risk Management Growth
› Determining Various Departments Crucial for ERM
Implementation
› Determine Critical Functions Performed by Risk Managers
using ERM
Marketing Plan to Address Future Demand
Role of Government in Reviving Tourism & Leisure
Industry
Risk Response Plan for Tourism & Leisure Firms
During COVID – 19
Risk 4: Recession, Unemployment & Investment Pull-back
› Determining Recession Risk Associated to Tourism &
Leisure Industry
› Assessing Unemployment Risk on Tourism & Leisure
Industry During Pandemic
› Investment Pullback in Tourism & Leisure Sector
Business Continuity Plans
› Communication & Marketing Plan for Reviving Tourism & Leisure
Industry
› Administrative Action Plan Related to Tourism & Leisure Industry
› Commercial Action Plan Related to Tourism & Leisure Industry
› Workforce Assistance Program
› How to Handle Supply Chain Disruption
Tourism & Leisure Sector Overview
› Tourism & Leisure Industry Overview During COVID 19
Pandemic Impact on GDP Growth Forecast in 2020
› Contribution of Travel, Tourism & Leisure Sector to GDP
› Impact of Coronavirus Pandemic on GDP
› Impact on China Tourism Industry During COVID 19
Pandemic
› Determine International Tourists’ Arrivals & Tourism Receipts
Risk 5: Economic Instability & Civil Unrest
› Rise of Economy Instability in Tourism & Leisure Sector
› How Risk of Civil Unrest Prevailing Due to Pandemic
25. Rise of Economy Instability in Tourism and Leisure Sector
25
This slide covers information regarding the rise of economic instability on tourism and leisure sector due to recent COVID 19 pandemic outbreak.
-3
-2
-1
0
1
2
3
4
5
6
World China Netherlands Spain US UK France Eurozone Germany Japan Italy
No COVID-19 Base Case (with COVID-19) Risk Scenario: Pandemic
Due to pandemic,
emergency situation
arises resulting in
unexpected closures of
border and blockades
Ups and down in global
economy has impacted
the collapse of tourist
and leisure industry
economic structure
The impact of pandemic
on economies leads to
tourism sector slowdown
and making it vulnerable
Tourism sector comprise
of 80% of small and
medium sized
enterprises
Due to pandemic,
international tourist
arrivals rate will reduce
by 1-3% globally
Economic Growth in 2020, %
This graph/chart is linked to excel, and changes automatically based on data. Just left click on it and select “Edit Data”.
26. How Risk of Civil Unrest Prevailing Due to Pandemic
26
This slide provides information regarding the risk of civil unrest prevailing due to COVID 19 pandemic with increase in protests during lockdown.
Many tourism stakeholders are tensed about finances arrangements for fixed expenditures as well as
additional expenses for essential changes, renovations and maintenance of various tourism units
Several cities across the globe have tourism as largest generating industries with major tourist destinations,
many tourism associations are addressing government for payment of fixed expenditure due to complete halt
of tourism
Hundreds of people are protesting against coronavirus stay at home orders in various parts of world as nearly
2 billion of people across the globe depend upon daily work for survival
With more than 24 lakh cases of COVID -19 and over 1,64,000 deaths, various countries are following
different degrees of restrictions and lockdown measures to combat virus
Anti lockdown protests and civil unrest are being witnessed in several countries due to potential rise in poverty
and inequality
Civil unrest have been taken places in developing countries such as Kenya and Lebanon as well as developed
countries like US and Italy
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27. Table of Contents for Coronavirus Impact Assessment & Mitigation Strategies on Tourism & Leisure
27
Addressing Tourism & Leisure Consumer Behavior
› Impact of Coronavirus Spread on Various
Tourism & Leisure Segment
› Determining Tourist Consumption Habits
› Addressing Consumer Concerns Associated to
Everyday & Tourism Activities
Risk 1: Disruption Due to Social Distancing
› Determining Impact of Social Distancing Due to
Virus Transmission
› Social Distancing in Tourism & Leisure Industry
Risk 2: Plummeting Employee Productivity
› Risks Associated to Tourism & Leisure Staff Productivity
Risk 3: Stressed Supply Chains
› Determine Supply Chain Disruptions Risks During
COVID 19 Pandemic
Risk 5: Economic Instability & Civil Unrest
› Rise of Economy Instability in Tourism & Leisure Sector
› How Risk of Civil Unrest Prevailing Due to Pandemic
Risk Readiness Assessments
› Readiness Assessment to Ensure Business Preparedness
During Pandemic
› Evaluating Financial Practices in Firm
Risk Management Plans
› Risk Assessment Matrix in Pandemic Situation
› Risk Contingency Plan for COVID 19
› Risk Management Action Plan
› Preparing COVID 19 Recovery Strategy by Determining
Travel Demand
› Domestic Travel as Opportunity During COVID 19 Pandemic
Policy Management
› Post Pandemic Aid to Employees Associated to Tourism &
Leisure Sector
› Addressing People Safety & Reservation Cancellation Policies
Incident Management
› Incident Management Summary Report
› Ensuring Staff Safety to Avoid Critical Incident
› Essential Communication to Consumers Associated to
Tourism & Leisure Sector
Risk Maturity Model Survey Questionnaire
› Addressing Present State of Risk Maturity Model
› Determine Enterprise Risk Management Growth
› Determining Various Departments Crucial for ERM
Implementation
› Determine Critical Functions Performed by Risk Managers
using ERM
Marketing Plan to Address Future Demand
Role of Government in Reviving Tourism & Leisure
Industry
Risk Response Plan for Tourism & Leisure Firms
During COVID – 19
Risk 4: Recession, Unemployment & Investment Pull-back
› Determining Recession Risk Associated to Tourism &
Leisure Industry
› Assessing Unemployment Risk on Tourism & Leisure
Industry During Pandemic
› Investment Pullback in Tourism & Leisure Sector
Business Continuity Plans
› Communication & Marketing Plan for Reviving Tourism & Leisure
Industry
› Administrative Action Plan Related to Tourism & Leisure Industry
› Commercial Action Plan Related to Tourism & Leisure Industry
› Workforce Assistance Program
› How to Handle Supply Chain Disruption
Tourism & Leisure Sector Overview
› Tourism & Leisure Industry Overview During COVID 19
Pandemic Impact on GDP Growth Forecast in 2020
› Contribution of Travel, Tourism & Leisure Sector to GDP
› Impact of Coronavirus Pandemic on GDP
› Impact on China Tourism Industry During COVID 19
Pandemic
› Determine International Tourists’ Arrivals & Tourism Receipts
Business Impact Analysis
› Pandemic Severity Impact Assessment
› Business Impact Assessment During COVID 19 Pandemic
How Risks are Mitigated
28. Impact
Area
Pandemic Severity Impact Assessment
28
The retail firm can examine severity impact assessment by identifying various concerns and their impact on business functioning and how much these concerns have drastically impacted the firm’s performance.
1 (Least) 2 3 4 5 (Greatest) Comments
Reduced Occupancy ✔ Text Here
Shortage of Supplies ✔ Text Here
Halted Operations ✔ Text Here
Your Text Here ✔ Text Here
Your Text Here ✔ Text Here
Your Text Here ✔ Text Here
Impact Severity
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29. Business Impact Assessment During COVID 19 Pandemic
29
This slide provides information regarding the business impact assessment that will cater critical issues that needed to be addressed in certain period and assessing their impact on business operations.
Critical Function: Staff get exposed to infected coronavirus person
BIA Owner: Stella Thetcher
Assessment Date: 3 May 2020 Review Date: 4 May 2020
Critical Function Priority: Very High
Impact on Business
Time: Impact:
First 24 Hours Halt operations
24-48 Hours Sanitize workplace
Up to 1 Week Text Here
Up to 2 Weeks Text Here
Requirements for Recovery
Time: People: Premises: Technology: Information: Suppliers & Partners:
First 24 Hours
Quarantine affected person & his
coworkers
Sanitize area Text Here
Necessary communication to
stakeholders
Necessary
communication
24-48 Hours Text Here Text Here Text Here Text Here Text Here
Up to 1 Week Text Here Text Here Text Here Text Here Text Here
Up to 2 Weeks Text Here Text Here Text Here Text Here Text Here
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30. Table of Contents for Coronavirus Impact Assessment & Mitigation Strategies on Tourism & Leisure
30
Addressing Tourism & Leisure Consumer Behavior
› Impact of Coronavirus Spread on Various
Tourism & Leisure Segment
› Determining Tourist Consumption Habits
› Addressing Consumer Concerns Associated to
Everyday & Tourism Activities
Risk 1: Disruption Due to Social Distancing
› Determining Impact of Social Distancing Due to
Virus Transmission
› Social Distancing in Tourism & Leisure Industry
Risk 2: Plummeting Employee Productivity
› Risks Associated to Tourism & Leisure Staff Productivity
Risk 3: Stressed Supply Chains
› Determine Supply Chain Disruptions Risks During
COVID 19 Pandemic
Risk 5: Economic Instability & Civil Unrest
› Rise of Economy Instability in Tourism & Leisure Sector
› How Risk of Civil Unrest Prevailing Due to Pandemic
Risk Management Plans
› Risk Assessment Matrix in Pandemic Situation
› Risk Contingency Plan for COVID 19
› Risk Management Action Plan
› Preparing COVID 19 Recovery Strategy by Determining
Travel Demand
› Domestic Travel as Opportunity During COVID 19 Pandemic
Business Impact Analysis
› Pandemic Severity Impact Assessment
› Business Impact Assessment During COVID 19 Pandemic
How Risks are Mitigated
Policy Management
› Post Pandemic Aid to Employees Associated to Tourism &
Leisure Sector
› Addressing People Safety & Reservation Cancellation Policies
Incident Management
› Incident Management Summary Report
› Ensuring Staff Safety to Avoid Critical Incident
› Essential Communication to Consumers Associated to
Tourism & Leisure Sector
Risk Maturity Model Survey Questionnaire
› Addressing Present State of Risk Maturity Model
› Determine Enterprise Risk Management Growth
› Determining Various Departments Crucial for ERM
Implementation
› Determine Critical Functions Performed by Risk Managers
using ERM
Marketing Plan to Address Future Demand
Role of Government in Reviving Tourism & Leisure
Industry
Risk Response Plan for Tourism & Leisure Firms
During COVID – 19
Risk 4: Recession, Unemployment & Investment Pull-back
› Determining Recession Risk Associated to Tourism &
Leisure Industry
› Assessing Unemployment Risk on Tourism & Leisure
Industry During Pandemic
› Investment Pullback in Tourism & Leisure Sector
Business Continuity Plans
› Communication & Marketing Plan for Reviving Tourism & Leisure
Industry
› Administrative Action Plan Related to Tourism & Leisure Industry
› Commercial Action Plan Related to Tourism & Leisure Industry
› Workforce Assistance Program
› How to Handle Supply Chain Disruption
Tourism & Leisure Sector Overview
› Tourism & Leisure Industry Overview During COVID 19
Pandemic Impact on GDP Growth Forecast in 2020
› Contribution of Travel, Tourism & Leisure Sector to GDP
› Impact of Coronavirus Pandemic on GDP
› Impact on China Tourism Industry During COVID 19
Pandemic
› Determine International Tourists’ Arrivals & Tourism Receipts
Risk Readiness Assessments
› Readiness Assessment to Ensure Business Preparedness
During Pandemic
› Evaluating Financial Practices in Firm
31. Response
Is firm prepared for the impact of COVID-19 and assuring hygiene and sanitization as key priority
Yes
No
Is firm able to continue business operations if many people from staff is sick and unable to work
Yes
No
Does firm have right resources in place to execute critical business and operational processes
Yes
No
Is firm capable in handling permanent changes to hotel operations that needs to be taken in considerations
Yes
No
Does firm as prepared itself in taking opportunities that arise
Yes
No
Is firm capable in handling changed demand patterns post pandemic
Yes
No
Is firm capable enough in resuming its normal business operations after major disruption to business
Yes
No
Readiness Assessment to Ensure Business Preparedness During Pandemic
31
This slide covers information regarding the readiness assessment to ensure tourism and leisure sector firm is well prepared to resume operations during and post pandemic.
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32. Evaluating Financial Practices in Firm
32
The firm can track the financial performance by looking the financial practices it follows in order to avoid any early signs of financial distress.
Parameters Met Needs Work Not Applicable
Our firm follows accounting practices which conform to generally accepted standards
The firm has appropriate system to provide information needed by Board and employees to make
sound financial decisions and to fulfill government requirements
The firm prepares financial statements on a budget vs actual for better understanding of finances
The firm prepares annual comprehensive operating budget which includes all operational costs and
all source of funding
The firm reconciles all cash accounts monthly
The organization prepare cash flow projections to ensure enough cash in one hand to pay short
term expenses
Your Text Here
Your Text Here
Your Text Here
Your Text Here
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33. Table of Contents for Coronavirus Impact Assessment & Mitigation Strategies on Tourism & Leisure
33
Addressing Tourism & Leisure Consumer Behavior
› Impact of Coronavirus Spread on Various
Tourism & Leisure Segment
› Determining Tourist Consumption Habits
› Addressing Consumer Concerns Associated to
Everyday & Tourism Activities
Risk 1: Disruption Due to Social Distancing
› Determining Impact of Social Distancing Due to
Virus Transmission
› Social Distancing in Tourism & Leisure Industry
Risk 2: Plummeting Employee Productivity
› Risks Associated to Tourism & Leisure Staff Productivity
Risk 3: Stressed Supply Chains
› Determine Supply Chain Disruptions Risks During
COVID 19 Pandemic
Risk 5: Economic Instability & Civil Unrest
› Rise of Economy Instability in Tourism & Leisure Sector
› How Risk of Civil Unrest Prevailing Due to Pandemic
Risk Readiness Assessments
› Readiness Assessment to Ensure Business Preparedness
During Pandemic
› Evaluating Financial Practices in Firm
Business Impact Analysis
› Pandemic Severity Impact Assessment
› Business Impact Assessment During COVID 19 Pandemic
How Risks are Mitigated
Policy Management
› Post Pandemic Aid to Employees Associated to Tourism &
Leisure Sector
› Addressing People Safety & Reservation Cancellation Policies
Incident Management
› Incident Management Summary Report
› Ensuring Staff Safety to Avoid Critical Incident
› Essential Communication to Consumers Associated to
Tourism & Leisure Sector
Risk Maturity Model Survey Questionnaire
› Addressing Present State of Risk Maturity Model
› Determine Enterprise Risk Management Growth
› Determining Various Departments Crucial for ERM
Implementation
› Determine Critical Functions Performed by Risk Managers
using ERM
Marketing Plan to Address Future Demand
Role of Government in Reviving Tourism & Leisure
Industry
Risk Response Plan for Tourism & Leisure Firms
During COVID – 19
Risk 4: Recession, Unemployment & Investment Pull-back
› Determining Recession Risk Associated to Tourism &
Leisure Industry
› Assessing Unemployment Risk on Tourism & Leisure
Industry During Pandemic
› Investment Pullback in Tourism & Leisure Sector
Business Continuity Plans
› Communication & Marketing Plan for Reviving Tourism & Leisure
Industry
› Administrative Action Plan Related to Tourism & Leisure Industry
› Commercial Action Plan Related to Tourism & Leisure Industry
› Workforce Assistance Program
› How to Handle Supply Chain Disruption
Tourism & Leisure Sector Overview
› Tourism & Leisure Industry Overview During COVID 19
Pandemic Impact on GDP Growth Forecast in 2020
› Contribution of Travel, Tourism & Leisure Sector to GDP
› Impact of Coronavirus Pandemic on GDP
› Impact on China Tourism Industry During COVID 19
Pandemic
› Determine International Tourists’ Arrivals & Tourism Receipts
Risk Management Plans
› Risk Assessment Matrix in Pandemic Situation
› Risk Contingency Plan for COVID 19
› Risk Management Action Plan
› Preparing COVID 19 Recovery Strategy by Determining
Travel Demand
› Domestic Travel as Opportunity During COVID 19 Pandemic
34. Risk Assessment Matrix in Pandemic Situation
34
The risk assessment matrix is an effective tool that helps in evaluating risk by considering the probability of risk to happen against the severity linked with potential risk available.
Minor Limited Serious Very
Serious
Catastrophic
Extremely
Unlikely
Very
Likely
Likely
Unlikely
Very
Unlikely
Risk
04
Risk
03
Risk
02
Risk
01
Severity
Likelihood
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35. Risk Contingency Plan for COVID 19
35
The risk management worksheet will help in keeping the track of various issues(concerns) that are existing in the firm by looking at the initial level of risk associated with them & the residual risk that is the amount
of risk which remains after the inherited risk which the firm has tried to reduce through risk control measures.
Risk
Priority (1-5)
Identified
Risk
Initial
Risk
Risk
Likelihood
Risk
Severity
Implement
Controls
Residual
Risk
Responsible
Person
1
Coronavirus
transmission
through exposure
to infected person
High Likely Very serious
› Personal
protective
equipment
› Workplace
sanitisation
Low Store manager
2
Supplies
Shortage
High Unlikely Very serious
Supply &
distribution
planning on
weekly basis
Text Here
Procurement
manager
3 Text Here Text Here Text Here Text Here Text Here Text Here Text Here
4 Text Here Text Here Text Here Text Here Text Here Text Here Text Here
5 Text Here Text Here Text Here Text Here Text Here Text Here Text Here
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36. Risk Management Action Plan
36
The risk management action plan will help in keeping the track of potential risks that are existing and what are their level, what are the resources required to handle them. The person responsible in handling the
risk will keep track of the risk resolve duration and will check whether the risk is treated or not.
Potential
Risk
Risk
Level
Reason for
Risk Rating
Action
Required
Resources
Responsible
Person
Duration Communication
Risk
Treated
Review
Date
Coronavirus
transmission
through
exposure
to infected
person
High
Confidential
information
security at risk
Quarantine
person
Sanitize area
Personal
protective
equipment
Store manager Within 24 hrs.
Coordination with
health association
Yes 4 May 2020
Text Here Text Here Text Here Text Here Text Here Text Here Text Here Text Here Text Here Text Here
Text Here Text Here Text Here Text Here Text Here Text Here Text Here Text Here Text Here Text Here
Text Here Text Here Text Here Text Here Text Here Text Here Text Here Text Here Text Here Text Here
Text Here Text Here Text Here Text Here Text Here Text Here Text Here Text Here Text Here Text Here
Low – L; Moderate – M; High – H; Extreme – E
Risk level
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37. Preparing COVID 19 Recovery Strategy by Determining Travel Demand
37
This slide covers information regarding the planning of recovery strategy for tourism and leisure sector firms by assessing travel demand is paused, initial rise, and getting stronger.
› Many people are not travelling due to international as well as domestic travel restrictions
› Firms needs to leverage the brand relationship with past & future potential clients through editorial content
When Travel is Paused
› With rise in travel demand, tour operators, nightlife clubs needs to restore marketing efforts
› Address people who are interested in rebooking and planning vacations
› Ensure flexible cancellation policy available
When Travel Demand Rise in Initial Stage
› With increased in people planning for travel
› Enforce marketing efforts focusing on intent
› Target potential customer with right demographics & feeder markets with appropriate messaging & packages
When Travel Demand Gets Stronger
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38. Domestic Travel as Opportunity During COVID 19 Pandemic
38
This slide covers information regarding the addressing domestic travel as an opportunity for firms existing in tourism and leisure sector during COVID 19 pandemic outbreak.
Domestic tourism and leisure industry will revive itself after the passing of difficult phase
Various destinations will rediscover their travel norms differently
International tourism will take time as it depends upon the global decision on resuming of international routes and airline schedules
Disruption of summer vacations, desire for indulgence, pent up demand will influence the domestic travel demand
In India, 87% of India’s leisure travel constitute of domestic travel in 2018
April-July is seen as outflow of travelers going abroad, as international options are not available, there is huge opportunity to optimize domestic travel as local
destinations travel demand will resume soon
Social distancing and increased health awareness has influenced mind space of consumers which will dominate their social engagement including travel
Domestic will emerge as biggest opportunity and destinations nearer to home will considered as front runners in order to escape from work
Travelers will search for destinations with footstep lesser destinations in order to maintain comfortable of social distancing
“JOMO Travel”, Joy of missing out and disengagement from hyper connected and hectic routine will encourage new age of travelers across different age groups
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39. Table of Contents for Coronavirus Impact Assessment & Mitigation Strategies on Tourism & Leisure
39
Addressing Tourism & Leisure Consumer Behavior
› Impact of Coronavirus Spread on Various
Tourism & Leisure Segment
› Determining Tourist Consumption Habits
› Addressing Consumer Concerns Associated to
Everyday & Tourism Activities
Risk 1: Disruption Due to Social Distancing
› Determining Impact of Social Distancing Due to
Virus Transmission
› Social Distancing in Tourism & Leisure Industry
Risk 2: Plummeting Employee Productivity
› Risks Associated to Tourism & Leisure Staff Productivity
Risk 3: Stressed Supply Chains
› Determine Supply Chain Disruptions Risks During
COVID 19 Pandemic
Risk 5: Economic Instability & Civil Unrest
› Rise of Economy Instability in Tourism & Leisure Sector
› How Risk of Civil Unrest Prevailing Due to Pandemic
Risk Readiness Assessments
› Readiness Assessment to Ensure Business Preparedness
During Pandemic
› Evaluating Financial Practices in Firm
Risk Management Plans
› Risk Assessment Matrix in Pandemic Situation
› Risk Contingency Plan for COVID 19
› Risk Management Action Plan
› Preparing COVID 19 Recovery Strategy by Determining
Travel Demand
› Domestic Travel as Opportunity During COVID 19 Pandemic
Business Impact Analysis
› Pandemic Severity Impact Assessment
› Business Impact Assessment During COVID 19 Pandemic
How Risks are Mitigated
Policy Management
› Post Pandemic Aid to Employees Associated to Tourism &
Leisure Sector
› Addressing People Safety & Reservation Cancellation Policies
Incident Management
› Incident Management Summary Report
› Ensuring Staff Safety to Avoid Critical Incident
› Essential Communication to Consumers Associated to
Tourism & Leisure Sector
Risk Maturity Model Survey Questionnaire
› Addressing Present State of Risk Maturity Model
› Determine Enterprise Risk Management Growth
› Determining Various Departments Crucial for ERM
Implementation
› Determine Critical Functions Performed by Risk Managers
using ERM
Marketing Plan to Address Future Demand
Role of Government in Reviving Tourism & Leisure
Industry
Risk Response Plan for Tourism & Leisure Firms
During COVID – 19
Risk 4: Recession, Unemployment & Investment Pull-back
› Determining Recession Risk Associated to Tourism &
Leisure Industry
› Assessing Unemployment Risk on Tourism & Leisure
Industry During Pandemic
› Investment Pullback in Tourism & Leisure Sector
Tourism & Leisure Sector Overview
› Tourism & Leisure Industry Overview During COVID 19
Pandemic Impact on GDP Growth Forecast in 2020
› Contribution of Travel, Tourism & Leisure Sector to GDP
› Impact of Coronavirus Pandemic on GDP
› Impact on China Tourism Industry During COVID 19
Pandemic
› Determine International Tourists’ Arrivals & Tourism Receipts
Business Continuity Plans
› Communication & Marketing Plan for Reviving Tourism & Leisure
Industry
› Administrative Action Plan Related to Tourism & Leisure Industry
› Commercial Action Plan Related to Tourism & Leisure Industry
› Workforce Assistance Program
› How to Handle Supply Chain Disruption
40. Communication and Marketing Plan for Reviving Tourism and Leisure Industry
40
This slide covers information regarding the communication and marketing plan in order to revive tourism and leisure sector post pandemic recovery.
Firms needs to deliver effective communication & establish integrated marketing platform (promotion & communication)
through positioning of destinations and products
In order to resume operations, tourism sector should not focus on competitive pricing with excellent services and experiences
Firms needs to increase influence among audience
Provide customized attention to high potential customers
Contact closest markets (national & local tourism) from social point of view
Hold non convertible marketing activities & increase investment in online sales especially in shopping tourism sections
Enhancing relationships with major tour operators through communication through different channels
Promote destinations through marketing campaigns initiated by tour operators and holiday makers & the initiative to be lead by ministry of tourism
Offer vouchers for cancelled holidays in order to boost confidence
Generate content, multi channel platform in order to promote creation of encouraged participatory & motivated community through stories with
well connected destinations, local businesses & institutions, brand & customers (multiage & multicultural)
Requirement of traffic improvements and communication & promotion
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41. Prepare new improved leadership framework
Postponing of non strategic investments
Modify operating and capital expenditures
Adjust priorities and plans after reassessing the situation consistently
Ensure clear internal and external communication on timely manner
Prepare future consumption scenarios based on pandemic evolution by addressing impact on cash flows, balance
sheet statements
Implement committee of crisis leaders in order to make rapid decisions comprising of functional experts and
external advisors
Administrative Action Plan Related to Tourism and Leisure Industry
41
This slide covers information regarding the administrative plan in order to revive tourism and leisure sector post pandemic recovery.
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42. Commercial Action Plan Related to Tourism & Leisure Industry
42
This slide covers information regarding the commercial action plan in order to revive tourism and leisure sector post pandemic recovery.
Adopting of advanced digital tools &
flexible working practices with video
conferencing, collaboration &
teleworking in order to become more
agile, reduce costs, carbon footprint
reduction & attract talented staff
Firms existing in tourism &
leisure sector needs to be
more customer centric, agile,
digital & sustainable
Realign short term goals and adopt
new ways of working in order to
combat impact of COVID-19
Prepare 360-degree customer
strategy that will be useful in
coordinating plans, value
propositions & actions across
all functions with higher
customer intimacy
Reinvent supply chain in tourism &
leisure industry by aiding critical
elements that are current struggling
in short term for flexible & smooth
operations in future
Adopt advanced analytics & efficient
legacy processes for better & faster
decision making
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43. Workforce Assistance Program
43
The workforce assistance program will help firms in enhancing their well being at workplace and enable them to handle critical situations during pandemic. This program will render services like clinical services,
work and life services and employer services, etc.
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Online Resources
› Articles, content & interactive tools for wellness
› Emotional health, work, life, financial & legal
issues
Offline Resources
› Wellness Expert, Consultant
› Your Text Here
› Face-to-face consultations
› Personal/family, work related,
substance abuse & emotional
health issues
Clinical Services
› Child/elder care consultation &
Referral
› Legal consultations
› Financial consultations
› Concierge services
Work & Life Services
› Management consultations
› Formal referrals
› Critical incident stress
debriefings
› (CISD)
› Training and organizational
› Development
Employer Services
44. How to Handle Supply Chain Disruption
44
This slide provides information regarding how supply chain disruption are handled by streamlining overseas operations, optimizing sources, better decision making.
Optimizing
Sourcing
Better
Decision Making
Optimize supplier auditing,
compliance verification, supplier
selection and onboarding processes
Automate invoice auditing in order to
gain visibility about additional tariffs
Cloud based supply chain management platform
will allow firm in contractor management, risk
management, & compliance
It will aid distributors while entering new markets
or new supply partners to handle new tariffs in
order to get insights about new contractor &
supplier requirements
Streamlining Overseas Operations
Firms can manage end to end supply chain by implementing centralized cloud-based solutions for all systems
integrations aiding procurement teams to handle critical supply chain activities and financial inventory
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45. Table of Contents for Coronavirus Impact Assessment & Mitigation Strategies on Tourism & Leisure
45
Addressing Tourism & Leisure Consumer Behavior
› Impact of Coronavirus Spread on Various
Tourism & Leisure Segment
› Determining Tourist Consumption Habits
› Addressing Consumer Concerns Associated to
Everyday & Tourism Activities
Risk 1: Disruption Due to Social Distancing
› Determining Impact of Social Distancing Due to
Virus Transmission
› Social Distancing in Tourism & Leisure Industry
Risk 2: Plummeting Employee Productivity
› Risks Associated to Tourism & Leisure Staff Productivity
Risk 3: Stressed Supply Chains
› Determine Supply Chain Disruptions Risks During
COVID 19 Pandemic
Risk 5: Economic Instability & Civil Unrest
› Rise of Economy Instability in Tourism & Leisure Sector
› How Risk of Civil Unrest Prevailing Due to Pandemic
Risk Readiness Assessments
› Readiness Assessment to Ensure Business Preparedness
During Pandemic
› Evaluating Financial Practices in Firm
Risk Management Plans
› Risk Assessment Matrix in Pandemic Situation
› Risk Contingency Plan for COVID 19
› Risk Management Action Plan
› Preparing COVID 19 Recovery Strategy by Determining
Travel Demand
› Domestic Travel as Opportunity During COVID 19 Pandemic
Business Impact Analysis
› Pandemic Severity Impact Assessment
› Business Impact Assessment During COVID 19 Pandemic
How Risks are Mitigated
Incident Management
› Incident Management Summary Report
› Ensuring Staff Safety to Avoid Critical Incident
› Essential Communication to Consumers Associated to
Tourism & Leisure Sector
Risk Maturity Model Survey Questionnaire
› Addressing Present State of Risk Maturity Model
› Determine Enterprise Risk Management Growth
› Determining Various Departments Crucial for ERM
Implementation
› Determine Critical Functions Performed by Risk Managers
using ERM
Marketing Plan to Address Future Demand
Role of Government in Reviving Tourism & Leisure
Industry
Risk Response Plan for Tourism & Leisure Firms
During COVID – 19
Risk 4: Recession, Unemployment & Investment Pull-back
› Determining Recession Risk Associated to Tourism &
Leisure Industry
› Assessing Unemployment Risk on Tourism & Leisure
Industry During Pandemic
› Investment Pullback in Tourism & Leisure Sector
Business Continuity Plans
› Communication & Marketing Plan for Reviving Tourism & Leisure
Industry
› Administrative Action Plan Related to Tourism & Leisure Industry
› Commercial Action Plan Related to Tourism & Leisure Industry
› Workforce Assistance Program
› How to Handle Supply Chain Disruption
Tourism & Leisure Sector Overview
› Tourism & Leisure Industry Overview During COVID 19
Pandemic Impact on GDP Growth Forecast in 2020
› Contribution of Travel, Tourism & Leisure Sector to GDP
› Impact of Coronavirus Pandemic on GDP
› Impact on China Tourism Industry During COVID 19
Pandemic
› Determine International Tourists’ Arrivals & Tourism Receipts
Policy Management
› Post Pandemic Aid to Employees Associated to Tourism &
Leisure Sector
› Addressing People Safety & Reservation Cancellation Policies
46. Post Pandemic Aid to Employees Associated to Tourism and Leisure Sector
46
This slide covers information regarding the post pandemic aid to employees associated to tourism and leisure sector.
Local workforce can be financially supported through collaborative initiative with government
Businesses and government implement combination of measures in order to avoid employee layoffs
Flexible and reduced working hours or part time employment
Some firms are partnering with other firms in various sectors such as retail, grocery, senior living, etc. that are actively hiring
short-term/part-time employees to place their staff (might lose their job)
Compulsory annual leaves in specific months
Staff training and development programs aided by government during unemployment periods through digitalized
platforms during pandemic
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47. Ensure front desk staff wear disposable gloves
Ensure all employees to engage in frequent hand sanitization
Place hand sanitizer at check in counters and all touch points
Staff training to prevent close contact and practice social distancing
Addressing staff on improved and increased sanitation measures and to sanitize key cards, public areas, public
restrooms, specific touchpoints
Lock each stall in public restrooms to maintain recommended distance protocols
Allow clients to cancel their reservations without penalties in order to ensure positive public relations
Communicate essential updated policies on firm website
Consider current rates that are to be competitive as well as reflective of the nature of the pandemic
Addressing People Safety and Reservation Cancellation Policies
47
This slide covers information regarding the various policies that are prepared in order to ensure safety of people and reservation cancellation policies.
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48. Table of Contents for Coronavirus Impact Assessment & Mitigation Strategies on Tourism & Leisure
48
Addressing Tourism & Leisure Consumer Behavior
› Impact of Coronavirus Spread on Various
Tourism & Leisure Segment
› Determining Tourist Consumption Habits
› Addressing Consumer Concerns Associated to
Everyday & Tourism Activities
Risk 1: Disruption Due to Social Distancing
› Determining Impact of Social Distancing Due to
Virus Transmission
› Social Distancing in Tourism & Leisure Industry
Risk 2: Plummeting Employee Productivity
› Risks Associated to Tourism & Leisure Staff Productivity
Risk 3: Stressed Supply Chains
› Determine Supply Chain Disruptions Risks During
COVID 19 Pandemic
Risk 5: Economic Instability & Civil Unrest
› Rise of Economy Instability in Tourism & Leisure Sector
› How Risk of Civil Unrest Prevailing Due to Pandemic
Risk Readiness Assessments
› Readiness Assessment to Ensure Business Preparedness
During Pandemic
› Evaluating Financial Practices in Firm
Risk Management Plans
› Risk Assessment Matrix in Pandemic Situation
› Risk Contingency Plan for COVID 19
› Risk Management Action Plan
› Preparing COVID 19 Recovery Strategy by Determining
Travel Demand
› Domestic Travel as Opportunity During COVID 19 Pandemic
Business Impact Analysis
› Pandemic Severity Impact Assessment
› Business Impact Assessment During COVID 19 Pandemic
How Risks are Mitigated
Policy Management
› Post Pandemic Aid to Employees Associated to Tourism &
Leisure Sector
› Addressing People Safety & Reservation Cancellation Policies
Risk Maturity Model Survey Questionnaire
› Addressing Present State of Risk Maturity Model
› Determine Enterprise Risk Management Growth
› Determining Various Departments Crucial for ERM
Implementation
› Determine Critical Functions Performed by Risk Managers
using ERM
Marketing Plan to Address Future Demand
Role of Government in Reviving Tourism & Leisure
Industry
Risk Response Plan for Tourism & Leisure Firms
During COVID – 19
Risk 4: Recession, Unemployment & Investment Pull-back
› Determining Recession Risk Associated to Tourism &
Leisure Industry
› Assessing Unemployment Risk on Tourism & Leisure
Industry During Pandemic
› Investment Pullback in Tourism & Leisure Sector
Business Continuity Plans
› Communication & Marketing Plan for Reviving Tourism & Leisure
Industry
› Administrative Action Plan Related to Tourism & Leisure Industry
› Commercial Action Plan Related to Tourism & Leisure Industry
› Workforce Assistance Program
› How to Handle Supply Chain Disruption
Tourism & Leisure Sector Overview
› Tourism & Leisure Industry Overview During COVID 19
Pandemic Impact on GDP Growth Forecast in 2020
› Contribution of Travel, Tourism & Leisure Sector to GDP
› Impact of Coronavirus Pandemic on GDP
› Impact on China Tourism Industry During COVID 19
Pandemic
› Determine International Tourists’ Arrivals & Tourism Receipts
Incident Management
› Incident Management Summary Report
› Ensuring Staff Safety to Avoid Critical Incident
› Essential Communication to Consumers Associated to
Tourism & Leisure Sector
49. Type of Incident
Coronavirus Exposure Threat
❑ Electrical Shock
❑ Heat Illness
❑ Entrapment
❑ Fainting/Loss of Consciousness
❑ Burn
Employees Involved One
Exact Location of Incident Reception Area, Hotel Premise
PPE Worn by Employee at Time of Exposure
None
❑ N95 Dust Mask
❑ Eye Protection
❑ Foot Protection
Time of Incident 24 April 2020, 1:00 PM
Outside Emergency Assistance (check one) Ambulance Police Fire Other
Detailed Description of Event One hotel staff get exposed to infected coronavirus person
Action Duration Within 24 hrs.
Corrective Management
Action Plan
› Immediate isolation of infected staff is done & informed the coronavirus handling team,
police
› Sanitizing the infected area
› Quarantine of staff
Incident Management Summary Report
49
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50. Ensuring Staff Safety to Avoid Critical Incident
50
This slide provides information regarding ensuring of staff safety at workplace to avoid critical incident.
Tracking Employee Location
Tracking whether employee is working from
home or performing critical tasks at work
location to handle risk of exposure
Health Status Tracking
Health status of employee is registered in
order to track coronavirus affected employee
and impacted coworker
Effective Communication
Real time location-based notification and
employees get update about critical health
and safety information
Implementing Human Capital Management approach in order to manage existing talent gap for effective management of people
Employee Safety Monitoring Aid employers in tracking their associates during crisis
COVID-19 Learning Portal to aid employers/workers get updates about COVID -19 related resources
Online Employee Wallets helps users to access earned wages on demand and to keep them financially sound
Employee Safety Monitoring
Helps organizations in ensuring the safety of employees during business operations. Effective tool for tracking employee location, health status and emergency
contact information
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51. Essential Communication to Consumers Associated to Tourism and Leisure Sector
51
This slide covers information regarding the essential communication that firms associated to tourism and leisure sector and its staff will perform in order to inform their clients.
Tourism & Leisure sector
firms should utilize their
website as it is
considered as primary
source of communication
with consumers
They should post
essential & latest
updates on website &
other social
media platforms
› Deliver pop up messages to customers about latest bookings
› Post in-line messages on website especially on reservation page in order to update them about
property status and latest reservation and cancellation policy
› Prepare news article of blog post with essential details about coronavirus and stay
› Provide hotel’s status on social media platform
› Communicate essential details to strengthen public relations
› Update frequently asked questions (FAQs) so guests should get aware that hotel is resume it
operations and is fully functional with accepting reservations
› Prepare special pricing and packages for promotional purpose in order to attract new bookings
Communication at Online Platform
› Asking customer’s stay destination to post public relation letter at front desk to update public
relations response to coronavirus
› Ensuring hotels, lodges, clubs are posting safety signs at front door of the facility including
details about its safety policy before entering the premises
Communication at Hotel Facility
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52. Table of Contents for Coronavirus Impact Assessment & Mitigation Strategies on Tourism & Leisure
52
Addressing Tourism & Leisure Consumer Behavior
› Impact of Coronavirus Spread on Various
Tourism & Leisure Segment
› Determining Tourist Consumption Habits
› Addressing Consumer Concerns Associated to
Everyday & Tourism Activities
Risk 1: Disruption Due to Social Distancing
› Determining Impact of Social Distancing Due to
Virus Transmission
› Social Distancing in Tourism & Leisure Industry
Risk 2: Plummeting Employee Productivity
› Risks Associated to Tourism & Leisure Staff Productivity
Risk 3: Stressed Supply Chains
› Determine Supply Chain Disruptions Risks During
COVID 19 Pandemic
Risk 5: Economic Instability & Civil Unrest
› Rise of Economy Instability in Tourism & Leisure Sector
› How Risk of Civil Unrest Prevailing Due to Pandemic
Risk Readiness Assessments
› Readiness Assessment to Ensure Business Preparedness
During Pandemic
› Evaluating Financial Practices in Firm
Risk Management Plans
› Risk Assessment Matrix in Pandemic Situation
› Risk Contingency Plan for COVID 19
› Risk Management Action Plan
› Preparing COVID 19 Recovery Strategy by Determining
Travel Demand
› Domestic Travel as Opportunity During COVID 19 Pandemic
Business Impact Analysis
› Pandemic Severity Impact Assessment
› Business Impact Assessment During COVID 19 Pandemic
How Risks are Mitigated
Policy Management
› Post Pandemic Aid to Employees Associated to Tourism &
Leisure Sector
› Addressing People Safety & Reservation Cancellation Policies
Incident Management
› Incident Management Summary Report
› Ensuring Staff Safety to Avoid Critical Incident
› Essential Communication to Consumers Associated to
Tourism & Leisure Sector
Risk Maturity Model Survey Questionnaire
› Addressing Present State of Risk Maturity Model
› Determine Enterprise Risk Management Growth
› Determining Various Departments Crucial for ERM
Implementation
› Determine Critical Functions Performed by Risk Managers
using ERM
Role of Government in Reviving Tourism & Leisure
Industry
Risk Response Plan for Tourism & Leisure Firms
During COVID – 19
Risk 4: Recession, Unemployment & Investment Pull-back
› Determining Recession Risk Associated to Tourism &
Leisure Industry
› Assessing Unemployment Risk on Tourism & Leisure
Industry During Pandemic
› Investment Pullback in Tourism & Leisure Sector
Business Continuity Plans
› Communication & Marketing Plan for Reviving Tourism & Leisure
Industry
› Administrative Action Plan Related to Tourism & Leisure Industry
› Commercial Action Plan Related to Tourism & Leisure Industry
› Workforce Assistance Program
› How to Handle Supply Chain Disruption
Tourism & Leisure Sector Overview
› Tourism & Leisure Industry Overview During COVID 19
Pandemic Impact on GDP Growth Forecast in 2020
› Contribution of Travel, Tourism & Leisure Sector to GDP
› Impact of Coronavirus Pandemic on GDP
› Impact on China Tourism Industry During COVID 19
Pandemic
› Determine International Tourists’ Arrivals & Tourism Receipts
Marketing Plan to Address Future Demand
53. Marketing Plan to Address Future Demand
53
This slide covers information regarding the marketing plan in order to address the future demand.
Months
Strategy
Focus
Upper Funnel
Lower Funnel
Budget
Allocation
Travel
Demand
Increases
/
Hotel
Opens
80%
20%
› Brand awareness
generation
› Focusing on local
markets
› Build fly-in markets
› Consider bookings with
30-60-day lookback
window
Initial Rise in
Travel Demand
01
60%
40%
› Target in-market
audience
› Website retargeting
› Consider bookings 90-
day lookback window
Travel Demand
Strengthens
02
40%
60%
› Build up lower funnel
targeting and retargeting
Travel Demand
Increases
03
20%
80%
› Strategy customization
due to evolving travel
demand
› Altering loyalty programs
requirements in order to
become more responsive
to customer requirements
Travel Demand
Starts to Rebound
04
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54. Table of Contents for Coronavirus Impact Assessment & Mitigation Strategies on Tourism & Leisure
54
Addressing Tourism & Leisure Consumer Behavior
› Impact of Coronavirus Spread on Various
Tourism & Leisure Segment
› Determining Tourist Consumption Habits
› Addressing Consumer Concerns Associated to
Everyday & Tourism Activities
Risk 1: Disruption Due to Social Distancing
› Determining Impact of Social Distancing Due to
Virus Transmission
› Social Distancing in Tourism & Leisure Industry
Risk 2: Plummeting Employee Productivity
› Risks Associated to Tourism & Leisure Staff Productivity
Risk 3: Stressed Supply Chains
› Determine Supply Chain Disruptions Risks During
COVID 19 Pandemic
Risk 5: Economic Instability & Civil Unrest
› Rise of Economy Instability in Tourism & Leisure Sector
› How Risk of Civil Unrest Prevailing Due to Pandemic
Risk Readiness Assessments
› Readiness Assessment to Ensure Business Preparedness
During Pandemic
› Evaluating Financial Practices in Firm
Risk Management Plans
› Risk Assessment Matrix in Pandemic Situation
› Risk Contingency Plan for COVID 19
› Risk Management Action Plan
› Preparing COVID 19 Recovery Strategy by Determining
Travel Demand
› Domestic Travel as Opportunity During COVID 19 Pandemic
Business Impact Analysis
› Pandemic Severity Impact Assessment
› Business Impact Assessment During COVID 19 Pandemic
How Risks are Mitigated
Policy Management
› Post Pandemic Aid to Employees Associated to Tourism &
Leisure Sector
› Addressing People Safety & Reservation Cancellation Policies
Incident Management
› Incident Management Summary Report
› Ensuring Staff Safety to Avoid Critical Incident
› Essential Communication to Consumers Associated to
Tourism & Leisure Sector
Risk Maturity Model Survey Questionnaire
› Addressing Present State of Risk Maturity Model
› Determine Enterprise Risk Management Growth
› Determining Various Departments Crucial for ERM
Implementation
› Determine Critical Functions Performed by Risk Managers
using ERM
Marketing Plan to Address Future Demand
Risk Response Plan for Tourism & Leisure Firms
During COVID – 19
Risk 4: Recession, Unemployment & Investment Pull-back
› Determining Recession Risk Associated to Tourism &
Leisure Industry
› Assessing Unemployment Risk on Tourism & Leisure
Industry During Pandemic
› Investment Pullback in Tourism & Leisure Sector
Business Continuity Plans
› Communication & Marketing Plan for Reviving Tourism & Leisure
Industry
› Administrative Action Plan Related to Tourism & Leisure Industry
› Commercial Action Plan Related to Tourism & Leisure Industry
› Workforce Assistance Program
› How to Handle Supply Chain Disruption
Tourism & Leisure Sector Overview
› Tourism & Leisure Industry Overview During COVID 19
Pandemic Impact on GDP Growth Forecast in 2020
› Contribution of Travel, Tourism & Leisure Sector to GDP
› Impact of Coronavirus Pandemic on GDP
› Impact on China Tourism Industry During COVID 19
Pandemic
› Determine International Tourists’ Arrivals & Tourism Receipts
Role of Government in Reviving Tourism & Leisure
Industry
55. Role of Government in Reviving Tourism and Leisure Industry
55
This slide covers details regarding the government initiatives which plays crucial role in tourism and leisure industry.
Policy Assistance Extension of annual renewal of licenses paid for 2020 till end of 2021 without any additional charges
Monetary Assistance
› Providing workforce support fund to ensure no job loss
› Providing 6-12 months period as moratorium including capital payments and overdrafts
› Ensuring credit agencies not downgrading business ratings due to business volatility
› Due to fall in oil prices, subsidies on crucial utilities such as light, power and heat costs should be extended
Fiscal Assistance
› Develop 12-month corporate tax holiday to
tourism & leisure sectors
› Halt all statutory dues such as advance tax,
custom duties, excise duties, PF, bank
charges, etc. on central as well as state level
for 12 months
Direct Assistance for Demand Revival
› Reduce/ waive taxes on products offered by
the tourism and leisure sector for period of
1 year
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56. Table of Contents for Coronavirus Impact Assessment & Mitigation Strategies on Tourism & Leisure
56
Addressing Tourism & Leisure Consumer Behavior
› Impact of Coronavirus Spread on Various
Tourism & Leisure Segment
› Determining Tourist Consumption Habits
› Addressing Consumer Concerns Associated to
Everyday & Tourism Activities
Risk 1: Disruption Due to Social Distancing
› Determining Impact of Social Distancing Due to
Virus Transmission
› Social Distancing in Tourism & Leisure Industry
Risk 2: Plummeting Employee Productivity
› Risks Associated to Tourism & Leisure Staff Productivity
Risk 3: Stressed Supply Chains
› Determine Supply Chain Disruptions Risks During
COVID 19 Pandemic
Risk 5: Economic Instability & Civil Unrest
› Rise of Economy Instability in Tourism & Leisure Sector
› How Risk of Civil Unrest Prevailing Due to Pandemic
Risk Readiness Assessments
› Readiness Assessment to Ensure Business Preparedness
During Pandemic
› Evaluating Financial Practices in Firm
Risk Management Plans
› Risk Assessment Matrix in Pandemic Situation
› Risk Contingency Plan for COVID 19
› Risk Management Action Plan
› Preparing COVID 19 Recovery Strategy by Determining
Travel Demand
› Domestic Travel as Opportunity During COVID 19 Pandemic
Business Impact Analysis
› Pandemic Severity Impact Assessment
› Business Impact Assessment During COVID 19 Pandemic
How Risks are Mitigated
Policy Management
› Post Pandemic Aid to Employees Associated to Tourism &
Leisure Sector
› Addressing People Safety & Reservation Cancellation Policies
Incident Management
› Incident Management Summary Report
› Ensuring Staff Safety to Avoid Critical Incident
› Essential Communication to Consumers Associated to
Tourism & Leisure Sector
Risk Maturity Model Survey Questionnaire
› Addressing Present State of Risk Maturity Model
› Determine Enterprise Risk Management Growth
› Determining Various Departments Crucial for ERM
Implementation
› Determine Critical Functions Performed by Risk Managers
using ERM
Marketing Plan to Address Future Demand
Role of Government in Reviving Tourism & Leisure
Industry
Risk 4: Recession, Unemployment & Investment Pull-back
› Determining Recession Risk Associated to Tourism &
Leisure Industry
› Assessing Unemployment Risk on Tourism & Leisure
Industry During Pandemic
› Investment Pullback in Tourism & Leisure Sector
Business Continuity Plans
› Communication & Marketing Plan for Reviving Tourism & Leisure
Industry
› Administrative Action Plan Related to Tourism & Leisure Industry
› Commercial Action Plan Related to Tourism & Leisure Industry
› Workforce Assistance Program
› How to Handle Supply Chain Disruption
Tourism & Leisure Sector Overview
› Tourism & Leisure Industry Overview During COVID 19
Pandemic Impact on GDP Growth Forecast in 2020
› Contribution of Travel, Tourism & Leisure Sector to GDP
› Impact of Coronavirus Pandemic on GDP
› Impact on China Tourism Industry During COVID 19
Pandemic
› Determine International Tourists’ Arrivals & Tourism Receipts
Risk Response Plan for Tourism & Leisure Firms
During COVID – 19
57. Risk Response Plan for Tourism and Leisure Firms During COVID – 19 (1/3)
57
This slide provides information regarding the risk response plan that is implemented by firms associated to tourism and leisure sector to ensure smooth operations during COVID 19 in terms of employee
protection, developing cross functional response team.
Action Step Description
Employee Protection
Follow conservative guidelines issued by local and global health authorities
Frequent communication with employees-employee support as per health guidance
Benchmarking efforts (for ex-avoid employees nonessential travel)
Developing Cross
Functional Response Team
Dedicated cross functional team governed by CEO
Develop workstreams such as –
› Employees
› Financial-stress testing and contingency plan
› Supply chain
› Marketing and Sales
› Other essential constituencies
Establish planned 48 hrs. and 1-week goals for each workstream
Select minimum viable products -
› 6-week milestones calendar
› 1-page action plan for each workstream
› Progress and Triggers dashboard
› Threat map
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