Impact of Pandemic & Geo-Political Risks on Tourism.pdf
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Tourism plays an important role in many countries' economies. However, both the COVID-19 pandemic and increasing geo-political risks have significantly impacted the tourism industry. The pandemic led to strict travel restrictions and border closures, causing a 65% reduction in international tourist movement. It also negatively affected many livelihoods that depend on tourism. Meanwhile, rising geo-political tensions and conflicts like the war in Ukraine have caused volatility in economies and made some destinations seem less safe, reducing tourism. While travel is increasing as restrictions ease, challenges like high fuel prices, workforce shortages, and lack of confidence persist. International cooperation will be key to rebuilding the tourism sector.
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Impact of Pandemic & Geo-Political Risks on Tourism.pdf
Tourism plays a more vital role in a country’s GDP and Economic growth than we give it credit for. Countries which provide extra-ordinary tourism experiences attract higher Foreign Direct Investment, indirectly creating several job opportunities, resulting in higher revenues and over-all progress of the nation through the income transfer between a developed nation to a developing one. This is a step towards balancing out the inequality in income levels between several countries. Several policy-makers, as well as many hotel management companies in India, have started to shift their focus on improving the tourism sector due to its several economic benefits. It should not come as a surprise that countries with a developed tourism sector attract a higher influx of tourists and hospitality business investors than those countries with a weak tourism sector or prevailing risks in the said industry. The same is usually treated as a principle by the hospitality consultants across the globe for taking big-picture decisions.
Read more here - https://www.promiller.in/post/impact-of-pandemic-on-hospitality-industry-in-india
Impact of Pandemic & Geo-Political Risks on Tourism.pdf
Tourism plays a more vital role in a country’s GDP and Economic growth than we give it credit for. Countries which provide extra-ordinary tourism experiences attract higher Foreign Direct Investment, indirectly creating several job opportunities, resulting in higher revenues and over-all progress of the nation through the income transfer between a developed nation to a developing one. This is a step towards balancing out the inequality in income levels between several countries. Several policy-makers, as well as many hotel management companies in India, have started to shift their focus on improving the tourism sector due to its several economic benefits. It should not come as a surprise that countries with a developed tourism sector attract a higher influx of tourists and hospitality business investors than those countries with a weak tourism sector or prevailing risks in the said industry. The same is usually treated as a principle by the hospitality consultants across the globe for taking big-picture decisions.
Read more here - https://www.promiller.in/post/impact-of-pandemic-on-hospitality-industry-in-india
Impact of Pandemic & Geo-Political Risks on Tourism.pdf
Tourism plays a more vital role in a country’s GDP and Economic growth than we give it credit for. Countries which provide extra-ordinary tourism experiences attract higher Foreign Direct Investment, indirectly creating several job opportunities, resulting in higher revenues and over-all progress of the nation through the income transfer between a developed nation to a developing one. This is a step towards balancing out the inequality in income levels between several countries. Several policy-makers, as well as many hotel management companies in India, have started to shift their focus on improving the tourism sector due to its several economic benefits. It should not come as a surprise that countries with a developed tourism sector attract a higher influx of tourists and hospitality business investors than those countries with a weak tourism sector or prevailing risks in the said industry. The same is usually treated as a principle by the hospitality consultants across the globe for taking big-picture decisions.
Read more here - https://www.promiller.in/post/impact-of-pandemic-on-hospitality-industry-in-india
Impact of Pandemic & Geo-Political Risks on Tourism.pdf
Tourism plays a more vital role in a country’s GDP and Economic growth than we give it credit for. Countries which provide extra-ordinary tourism experiences attract higher Foreign Direct Investment, indirectly creating several job opportunities, resulting in higher revenues and over-all progress of the nation through the income transfer between a developed nation to a developing one. This is a step towards balancing out the inequality in income levels between several countries. Several policy-makers, as well as many hotel management companies in India, have started to shift their focus on improving the tourism sector due to its several economic benefits. It should not come as a surprise that countries with a developed tourism sector attract a higher influx of tourists and hospitality business investors than those countries with a weak tourism sector or prevailing risks in the said industry. The same is usually treated as a principle by the hospitality consultants across the globe for taking big-picture decisions.
Read more here - https://www.promiller.in/post/impact-of-pandemic-on-hospitality-industry-in-india
Supporting sustainable tourism development in least developed countries amid ...
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Coronavirus impact on global economy
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Impact of Pandemic & Geo-Political Risks on Tourism.pdf
Tourism plays a more vital role in a country’s GDP and Economic growth than we give it credit for. Countries which provide extra-ordinary tourism experiences attract higher Foreign Direct Investment, indirectly creating several job opportunities, resulting in higher revenues and over-all progress of the nation through the income transfer between a developed nation to a developing one. This is a step towards balancing out the inequality in income levels between several countries. Several policy-makers, as well as many hotel management companies in India, have started to shift their focus on improving the tourism sector due to its several economic benefits. It should not come as a surprise that countries with a developed tourism sector attract a higher influx of tourists and hospitality business investors than those countries with a weak tourism sector or prevailing risks in the said industry. The same is usually treated as a principle by the hospitality consultants across the globe for taking big-picture decisions.
Read more here - https://www.promiller.in/post/impact-of-pandemic-on-hospitality-industry-in-india
Impact of Pandemic & Geo-Political Risks on Tourism.pdf
Tourism plays a more vital role in a country’s GDP and Economic growth than we give it credit for. Countries which provide extra-ordinary tourism experiences attract higher Foreign Direct Investment, indirectly creating several job opportunities, resulting in higher revenues and over-all progress of the nation through the income transfer between a developed nation to a developing one. This is a step towards balancing out the inequality in income levels between several countries. Several policy-makers, as well as many hotel management companies in India, have started to shift their focus on improving the tourism sector due to its several economic benefits. It should not come as a surprise that countries with a developed tourism sector attract a higher influx of tourists and hospitality business investors than those countries with a weak tourism sector or prevailing risks in the said industry. The same is usually treated as a principle by the hospitality consultants across the globe for taking big-picture decisions.
Read more here - https://www.promiller.in/post/impact-of-pandemic-on-hospitality-industry-in-india
Impact of Pandemic & Geo-Political Risks on Tourism.pdf
Tourism plays a more vital role in a country’s GDP and Economic growth than we give it credit for. Countries which provide extra-ordinary tourism experiences attract higher Foreign Direct Investment, indirectly creating several job opportunities, resulting in higher revenues and over-all progress of the nation through the income transfer between a developed nation to a developing one. This is a step towards balancing out the inequality in income levels between several countries. Several policy-makers, as well as many hotel management companies in India, have started to shift their focus on improving the tourism sector due to its several economic benefits. It should not come as a surprise that countries with a developed tourism sector attract a higher influx of tourists and hospitality business investors than those countries with a weak tourism sector or prevailing risks in the said industry. The same is usually treated as a principle by the hospitality consultants across the globe for taking big-picture decisions.
Read more here - https://www.promiller.in/post/impact-of-pandemic-on-hospitality-industry-in-india
Impact of Pandemic & Geo-Political Risks on Tourism.pdf
Tourism plays a more vital role in a country’s GDP and Economic growth than we give it credit for. Countries which provide extra-ordinary tourism experiences attract higher Foreign Direct Investment, indirectly creating several job opportunities, resulting in higher revenues and over-all progress of the nation through the income transfer between a developed nation to a developing one. This is a step towards balancing out the inequality in income levels between several countries. Several policy-makers, as well as many hotel management companies in India, have started to shift their focus on improving the tourism sector due to its several economic benefits. It should not come as a surprise that countries with a developed tourism sector attract a higher influx of tourists and hospitality business investors than those countries with a weak tourism sector or prevailing risks in the said industry. The same is usually treated as a principle by the hospitality consultants across the globe for taking big-picture decisions.
Read more here - https://www.promiller.in/post/impact-of-pandemic-on-hospitality-industry-in-india
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Coronavirus impact on global economy
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ExpectedServicePerceivedServiceServiceDelivery.docx
Expected
Service
Perceived
Service
Service
Delivery
External
Communication
Translation of
Perceptions to
Specifications
(Operationalization)
Mgmt
Perception of
Expectations
WOM Personal Needs Past Experiences
HTMX31 – Model of Service Quality (GAPS). Based on the article:
Zeithaml, V.A., Berry, L.L. & Parasuraman, A. (1988). Communication and Control Processes in the Delivery of Service Quality, Journal of Marketing 52(2), 35-48.
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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.
ExpectedServicePerceivedServiceServiceDelivery.docx
Expected
Service
Perceived
Service
Service
Delivery
External
Communication
Translation of
Perceptions to
Specifications
(Operationalization)
Mgmt
Perception of
Expectations
WOM Personal Needs Past Experiences
HTMX31 – Model of Service Quality (GAPS). Based on the article:
Zeithaml, V.A., Berry, L.L. & Parasuraman, A. (1988). Communication and Control Processes in the Delivery of Service Quality, Journal of Marketing 52(2), 35-48.
GAP 2
G
A
P
1
GAP 5
GAP 4
GAP 3
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
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.
Presentation 19 (2).pdf
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.
Presentation 19 (2).pdf
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.
Rural Tourism Post COVID 19 Perspectives and Possibilities
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
Rural Tourism Post COVID 19 Perspectives and Possibilities
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
The Impact of the COVID 19 Outbreak on Social Costs of Tourism to the Sri Lan...
The number of confirmed COVID 19 cases has risen rapidly, first in the PRC, and recently globally, pointing out the multiple channels that affect the economy and quantifying potential impact scenarios. On several channels, the COVID 19 epidemic impacts economic activity in Sri Lanka, the rest of developing Asia, and the world. These include a rapid but temporary decline in domestic consumption in Sri Lanka and other emerging economies, and potential investment affects the outlook on potential industry activities. However, the business related tourism and travel failures spilled over lower demand in other sectors and economies through trade and production links supply interruptions This study estimated the WTP for individuals during a pandemic outbreak to reduce tourism risk in three Sri Lankan cities. The demand curves and social costs of tourism were contrasted in three cities by implementing the DCCVM method, and WTP values were generated. Second, residents of tourist attractions were observed by WTP to reduce the adverse impact of tourism on their communities after the COVID 19 pandemic. It was a new approach, and their interests are still ignored, although peoples role in tourism studies and practice has been recognized. Our research indicates that most individuals would compensate for reducing risk and action in response to the pandemic and that there was no significant difference in the WTP in the three cities. Second, era, salaries, and tourism employment have greatly affected citizens WTP. The willingness of younger people to pay more for risk avoidance was one impressive outcome. C L De Silva | Prof. D A C S De Silva "The Impact of the COVID-19 Outbreak on Social Costs of Tourism to the Sri Lankan Economy" 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/ijtsrd35839.pdf Paper URL : https://www.ijtsrd.com/economics/other/35839/the-impact-of-the-covid19-outbreak-on-social-costs-of-tourism-to-the-sri-lankan-economy/c-l-de-silva
The Impact of the COVID 19 Outbreak on Social Costs of Tourism to the Sri Lan...
The number of confirmed COVID 19 cases has risen rapidly, first in the PRC, and recently globally, pointing out the multiple channels that affect the economy and quantifying potential impact scenarios. On several channels, the COVID 19 epidemic impacts economic activity in Sri Lanka, the rest of developing Asia, and the world. These include a rapid but temporary decline in domestic consumption in Sri Lanka and other emerging economies, and potential investment affects the outlook on potential industry activities. However, the business related tourism and travel failures spilled over lower demand in other sectors and economies through trade and production links supply interruptions This study estimated the WTP for individuals during a pandemic outbreak to reduce tourism risk in three Sri Lankan cities. The demand curves and social costs of tourism were contrasted in three cities by implementing the DCCVM method, and WTP values were generated. Second, residents of tourist attractions were observed by WTP to reduce the adverse impact of tourism on their communities after the COVID 19 pandemic. It was a new approach, and their interests are still ignored, although peoples role in tourism studies and practice has been recognized. Our research indicates that most individuals would compensate for reducing risk and action in response to the pandemic and that there was no significant difference in the WTP in the three cities. Second, era, salaries, and tourism employment have greatly affected citizens WTP. The willingness of younger people to pay more for risk avoidance was one impressive outcome. C L De Silva | Prof. D A C S De Silva "The Impact of the COVID-19 Outbreak on Social Costs of Tourism to the Sri Lankan Economy" 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/ijtsrd35839.pdf Paper URL : https://www.ijtsrd.com/economics/other/35839/the-impact-of-the-covid19-outbreak-on-social-costs-of-tourism-to-the-sri-lankan-economy/c-l-de-silva
Safety and security in the tourism industry
The Caribbean is highly dependent on tourism, which has grown significantly over the past few decades. However, tourism is sensitive to perceptions of safety and security. Major events like 9/11 negatively impacted tourist arrivals in the Caribbean by 15-20% due to fears about travel. Countries in the Caribbean have recognized safety and security as vital to the tourism industry and have implemented measures like tourist police forces to address crime and harassment concerns. Regional cooperation is also important to protect the reputation of Caribbean destinations and ensure the future growth of the tourism sector.
Safety and security in the tourism industry
The Caribbean is highly dependent on tourism, which has grown significantly over the past few decades. However, tourism is sensitive to perceptions of safety and security. Major events like 9/11 negatively impacted tourist arrivals in the Caribbean by 15-20% due to fears about travel. Countries in the Caribbean have recognized safety and security as vital to the tourism industry and have implemented measures like tourist police forces to address crime and harassment concerns. Regional cooperation is also important to protect the reputation of Caribbean destinations and ensure the future growth of the tourism sector.
High-Level Thematic Event on Tourism - SUSTAINABILITY WEEK 2024- United Natio...
High-Level Thematic Event on Tourism - SUSTAINABILITY WEEK 2024- United Natio...Christina Parmionova
According to the UN Tourism, measuring the sustainability of tourism will improve policy action for sustainable development, and promote one common statistical language, which can be compared across countries and economic sectors, as well as ensure tourism is factored into national and international development frameworks. The Statistical Framework for Measuring Sustainability of Tourism (SF-MST), the sustainability indicators, form the foundation of a global approach towards evidence-based policies of sustainability of the global tourism sector.High-Level Thematic Event on Tourism - SUSTAINABILITY WEEK 2024- United Natio...
High-Level Thematic Event on Tourism - SUSTAINABILITY WEEK 2024- United Natio...Christina Parmionova
According to the UN Tourism, measuring the sustainability of tourism will improve policy action for sustainable development, and promote one common statistical language, which can be compared across countries and economic sectors, as well as ensure tourism is factored into national and international development frameworks. The Statistical Framework for Measuring Sustainability of Tourism (SF-MST), the sustainability indicators, form the foundation of a global approach towards evidence-based policies of sustainability of the global tourism sector.Africa tourism-report-2013-overview
This document summarizes tourism in Africa and its potential for economic growth. It finds that tourism currently contributes over $36 billion to Africa's GDP and is responsible for millions of jobs. However, Africa faces constraints like inadequate air and road transport that hamper tourism. If these constraints are addressed, tourism could be a significant driver of economic development across Africa by harnessing the region's natural and cultural assets. The document outlines opportunities and constraints to expanding Africa's tourism industry.
Africa tourism-report-2013-overview
This document summarizes tourism in Africa and its potential for economic growth. It finds that tourism currently contributes over $36 billion to Africa's GDP and is responsible for millions of jobs. However, Africa faces constraints like inadequate air and road transport that hamper tourism. If these constraints are addressed, tourism could be a significant driver of economic development across Africa by harnessing the region's natural and cultural assets. The document outlines opportunities and constraints to expanding Africa's tourism industry.
Effect pandemic on_tourism
Tourism is a distinctive way to meet anyone easily in any part of the world and through this pandemic whole tourism was distrubed
Effect pandemic on_tourism
Tourism is a distinctive way to meet anyone easily in any part of the world and through this pandemic whole tourism was distrubed
Running head IMPACT OF COVID 19 ON TOURSIM INDUSTRY OF UAE1.docx
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.
Running head IMPACT OF COVID 19 ON TOURSIM INDUSTRY OF UAE1.docx
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.
Effect of Covid 19 on Tourism Industry
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
Effect of Covid 19 on Tourism Industry
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
How can a hotel management company help a hotel business_.pdf
A hotel management company can provide a wide range of services to help your hotel business succeed. Here are some of the ways a hotel management company can help: https://www.promiller.in/post/how-can-a-hotel-management-company-help-a-hotel-business
Union Budget 2023 and its impact on Start-ups in India.pdf
India is one of the most unique nations on earth, and the World Population Review 2022 estimates that there are 1.417 billion people living there. As a result, the country is rich in culture and heritage, and its economy is expanding quickly—it is expected to grow by 6.5% in the fiscal year 2023–2024, which is faster than most other nations' economies. A country experiencing rapid growth means that companies in every industry strive to operate successfully and produce income to the best of their abilities.
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Similar to Impact of Pandemic & Geo-Political Risks on Tourism.pdf
ExpectedServicePerceivedServiceServiceDelivery.docx
Expected
Service
Perceived
Service
Service
Delivery
External
Communication
Translation of
Perceptions to
Specifications
(Operationalization)
Mgmt
Perception of
Expectations
WOM Personal Needs Past Experiences
HTMX31 – Model of Service Quality (GAPS). Based on the article:
Zeithaml, V.A., Berry, L.L. & Parasuraman, A. (1988). Communication and Control Processes in the Delivery of Service Quality, Journal of Marketing 52(2), 35-48.
GAP 2
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1
GAP 5
GAP 4
GAP 3
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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.
ExpectedServicePerceivedServiceServiceDelivery.docx
Expected
Service
Perceived
Service
Service
Delivery
External
Communication
Translation of
Perceptions to
Specifications
(Operationalization)
Mgmt
Perception of
Expectations
WOM Personal Needs Past Experiences
HTMX31 – Model of Service Quality (GAPS). Based on the article:
Zeithaml, V.A., Berry, L.L. & Parasuraman, A. (1988). Communication and Control Processes in the Delivery of Service Quality, Journal of Marketing 52(2), 35-48.
GAP 2
G
A
P
1
GAP 5
GAP 4
GAP 3
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
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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.
Presentation 19 (2).pdf
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.
Presentation 19 (2).pdf
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.
Rural Tourism Post COVID 19 Perspectives and Possibilities
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
Rural Tourism Post COVID 19 Perspectives and Possibilities
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
The Impact of the COVID 19 Outbreak on Social Costs of Tourism to the Sri Lan...
The number of confirmed COVID 19 cases has risen rapidly, first in the PRC, and recently globally, pointing out the multiple channels that affect the economy and quantifying potential impact scenarios. On several channels, the COVID 19 epidemic impacts economic activity in Sri Lanka, the rest of developing Asia, and the world. These include a rapid but temporary decline in domestic consumption in Sri Lanka and other emerging economies, and potential investment affects the outlook on potential industry activities. However, the business related tourism and travel failures spilled over lower demand in other sectors and economies through trade and production links supply interruptions This study estimated the WTP for individuals during a pandemic outbreak to reduce tourism risk in three Sri Lankan cities. The demand curves and social costs of tourism were contrasted in three cities by implementing the DCCVM method, and WTP values were generated. Second, residents of tourist attractions were observed by WTP to reduce the adverse impact of tourism on their communities after the COVID 19 pandemic. It was a new approach, and their interests are still ignored, although peoples role in tourism studies and practice has been recognized. Our research indicates that most individuals would compensate for reducing risk and action in response to the pandemic and that there was no significant difference in the WTP in the three cities. Second, era, salaries, and tourism employment have greatly affected citizens WTP. The willingness of younger people to pay more for risk avoidance was one impressive outcome. C L De Silva | Prof. D A C S De Silva "The Impact of the COVID-19 Outbreak on Social Costs of Tourism to the Sri Lankan Economy" 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/ijtsrd35839.pdf Paper URL : https://www.ijtsrd.com/economics/other/35839/the-impact-of-the-covid19-outbreak-on-social-costs-of-tourism-to-the-sri-lankan-economy/c-l-de-silva
The Impact of the COVID 19 Outbreak on Social Costs of Tourism to the Sri Lan...
The number of confirmed COVID 19 cases has risen rapidly, first in the PRC, and recently globally, pointing out the multiple channels that affect the economy and quantifying potential impact scenarios. On several channels, the COVID 19 epidemic impacts economic activity in Sri Lanka, the rest of developing Asia, and the world. These include a rapid but temporary decline in domestic consumption in Sri Lanka and other emerging economies, and potential investment affects the outlook on potential industry activities. However, the business related tourism and travel failures spilled over lower demand in other sectors and economies through trade and production links supply interruptions This study estimated the WTP for individuals during a pandemic outbreak to reduce tourism risk in three Sri Lankan cities. The demand curves and social costs of tourism were contrasted in three cities by implementing the DCCVM method, and WTP values were generated. Second, residents of tourist attractions were observed by WTP to reduce the adverse impact of tourism on their communities after the COVID 19 pandemic. It was a new approach, and their interests are still ignored, although peoples role in tourism studies and practice has been recognized. Our research indicates that most individuals would compensate for reducing risk and action in response to the pandemic and that there was no significant difference in the WTP in the three cities. Second, era, salaries, and tourism employment have greatly affected citizens WTP. The willingness of younger people to pay more for risk avoidance was one impressive outcome. C L De Silva | Prof. D A C S De Silva "The Impact of the COVID-19 Outbreak on Social Costs of Tourism to the Sri Lankan Economy" 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/ijtsrd35839.pdf Paper URL : https://www.ijtsrd.com/economics/other/35839/the-impact-of-the-covid19-outbreak-on-social-costs-of-tourism-to-the-sri-lankan-economy/c-l-de-silva
Safety and security in the tourism industry
The Caribbean is highly dependent on tourism, which has grown significantly over the past few decades. However, tourism is sensitive to perceptions of safety and security. Major events like 9/11 negatively impacted tourist arrivals in the Caribbean by 15-20% due to fears about travel. Countries in the Caribbean have recognized safety and security as vital to the tourism industry and have implemented measures like tourist police forces to address crime and harassment concerns. Regional cooperation is also important to protect the reputation of Caribbean destinations and ensure the future growth of the tourism sector.
Safety and security in the tourism industry
The Caribbean is highly dependent on tourism, which has grown significantly over the past few decades. However, tourism is sensitive to perceptions of safety and security. Major events like 9/11 negatively impacted tourist arrivals in the Caribbean by 15-20% due to fears about travel. Countries in the Caribbean have recognized safety and security as vital to the tourism industry and have implemented measures like tourist police forces to address crime and harassment concerns. Regional cooperation is also important to protect the reputation of Caribbean destinations and ensure the future growth of the tourism sector.
High-Level Thematic Event on Tourism - SUSTAINABILITY WEEK 2024- United Natio...
High-Level Thematic Event on Tourism - SUSTAINABILITY WEEK 2024- United Natio...Christina Parmionova
According to the UN Tourism, measuring the sustainability of tourism will improve policy action for sustainable development, and promote one common statistical language, which can be compared across countries and economic sectors, as well as ensure tourism is factored into national and international development frameworks. The Statistical Framework for Measuring Sustainability of Tourism (SF-MST), the sustainability indicators, form the foundation of a global approach towards evidence-based policies of sustainability of the global tourism sector.High-Level Thematic Event on Tourism - SUSTAINABILITY WEEK 2024- United Natio...
High-Level Thematic Event on Tourism - SUSTAINABILITY WEEK 2024- United Natio...Christina Parmionova
According to the UN Tourism, measuring the sustainability of tourism will improve policy action for sustainable development, and promote one common statistical language, which can be compared across countries and economic sectors, as well as ensure tourism is factored into national and international development frameworks. The Statistical Framework for Measuring Sustainability of Tourism (SF-MST), the sustainability indicators, form the foundation of a global approach towards evidence-based policies of sustainability of the global tourism sector.Africa tourism-report-2013-overview
This document summarizes tourism in Africa and its potential for economic growth. It finds that tourism currently contributes over $36 billion to Africa's GDP and is responsible for millions of jobs. However, Africa faces constraints like inadequate air and road transport that hamper tourism. If these constraints are addressed, tourism could be a significant driver of economic development across Africa by harnessing the region's natural and cultural assets. The document outlines opportunities and constraints to expanding Africa's tourism industry.
Africa tourism-report-2013-overview
This document summarizes tourism in Africa and its potential for economic growth. It finds that tourism currently contributes over $36 billion to Africa's GDP and is responsible for millions of jobs. However, Africa faces constraints like inadequate air and road transport that hamper tourism. If these constraints are addressed, tourism could be a significant driver of economic development across Africa by harnessing the region's natural and cultural assets. The document outlines opportunities and constraints to expanding Africa's tourism industry.
Effect pandemic on_tourism
Tourism is a distinctive way to meet anyone easily in any part of the world and through this pandemic whole tourism was distrubed
Effect pandemic on_tourism
Tourism is a distinctive way to meet anyone easily in any part of the world and through this pandemic whole tourism was distrubed
Running head IMPACT OF COVID 19 ON TOURSIM INDUSTRY OF UAE1.docx
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.
Running head IMPACT OF COVID 19 ON TOURSIM INDUSTRY OF UAE1.docx
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.
Effect of Covid 19 on Tourism Industry
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
Effect of Covid 19 on Tourism Industry
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
Similar to Impact of Pandemic & Geo-Political Risks on Tourism.pdf (20)
ExpectedServicePerceivedServiceServiceDelivery.docx
ExpectedServicePerceivedServiceServiceDelivery.docx
ExpectedServicePerceivedServiceServiceDelivery.docx
ExpectedServicePerceivedServiceServiceDelivery.docx
Rural Tourism Post COVID 19 Perspectives and Possibilities
Rural Tourism Post COVID 19 Perspectives and Possibilities
Rural Tourism Post COVID 19 Perspectives and Possibilities
Rural Tourism Post COVID 19 Perspectives and Possibilities
The Impact of the COVID 19 Outbreak on Social Costs of Tourism to the Sri Lan...
The Impact of the COVID 19 Outbreak on Social Costs of Tourism to the Sri Lan...
The Impact of the COVID 19 Outbreak on Social Costs of Tourism to the Sri Lan...
The Impact of the COVID 19 Outbreak on Social Costs of Tourism to the Sri Lan...
High-Level Thematic Event on Tourism - SUSTAINABILITY WEEK 2024- United Natio...
High-Level Thematic Event on Tourism - SUSTAINABILITY WEEK 2024- United Natio...
High-Level Thematic Event on Tourism - SUSTAINABILITY WEEK 2024- United Natio...
High-Level Thematic Event on Tourism - SUSTAINABILITY WEEK 2024- United Natio...
Running head IMPACT OF COVID 19 ON TOURSIM INDUSTRY OF UAE1.docx
Running head IMPACT OF COVID 19 ON TOURSIM INDUSTRY OF UAE1.docx
Running head IMPACT OF COVID 19 ON TOURSIM INDUSTRY OF UAE1.docx
Running head IMPACT OF COVID 19 ON TOURSIM INDUSTRY OF UAE1.docx
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Union Budget 2023 and its impact on Start-ups in India.pdf
India is one of the most unique nations on earth, and the World Population Review 2022 estimates that there are 1.417 billion people living there. As a result, the country is rich in culture and heritage, and its economy is expanding quickly—it is expected to grow by 6.5% in the fiscal year 2023–2024, which is faster than most other nations' economies. A country experiencing rapid growth means that companies in every industry strive to operate successfully and produce income to the best of their abilities.
Read more here - https://www.promiller.in/post/union-budget-2023-and-the-hospitality-sector-in-india
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A hotel management company can provide a wide range of services to help your hotel business succeed. Here are some of the ways a hotel management company can help: https://www.promiller.in/post/how-can-a-hotel-management-company-help-a-hotel-business
How can a hotel management company help a hotel business_.pdf
A hotel management company can provide a wide range of services to help your hotel business succeed. Here are some of the ways a hotel management company can help: https://www.promiller.in/post/how-can-a-hotel-management-company-help-a-hotel-business
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The industry that seems to have suffered the most during the pandemic was the Hospitality and Tourism industry, with over 100 million jobs being at risk (UNWTO). With the slow yet steady recovery and ease in travel restrictions, the industry is still a long way from flourishing. However, an extremely visible change that has been noticed is that people of this planet are now becoming more conscious about the depletion of the Earth’s resources. Collectively, our industry is proactively taking steps to reduce their Carbon footprint. In simple terms, Carbon footprint is a quantitative description of the number of green-house gasses that have been emitted through one’s actions.
Read more in the blog here - https://www.promiller.in/post/sustainability-how-is-the-hotel-industry-adopting-it
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A hotel management company can provide a wide range of services to help your hotel business succeed. Here are some of the ways a hotel management company can help: https://www.promiller.in/post/how-can-a-hotel-management-company-help-a-hotel-business
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Hospitality consulting firms help hotels to create and work on effective strategies and solutions in order to shoot up their revenue. They do this by taking care of every aspect of a hotel’s business including revenue management, market feasibility study, asset management, third party management, digital marketing etc. In this modern world where the competition is so high and everyone’s trying to find their way to become the best, especially in the hospitality sector, seeking some kind of professional guidance seems inevitable if you want to remain at the top of the game.
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Commonly known as ‘Maslow’s hierarchy of human needs’ and a very famous theory in human psychology applies perfectly to the hospitality industry- especially for hotels. Now, we at ProMiller Hospitality Consultants, propose that this theory may be used to govern the principles of hospitality and pretty accurately in case of hotels.
Read this blog to know more - https://www.promiller.in/post/hospitality-industry-from-the-view-of-abraham-maslow
Investing in the tourism sector? Look out for these 5 upcoming trends | Blog ...
Tourism trends in India are as dynamic as it gets- being a developing country, the per capita income keeps growing and so do the number of people who would contribute to domestic tourism. If you are someone who is interested in investing in the tourism sector in India, this blog is a must-read for you. We have compiled information about upcoming tourism trends which saw an uptrend in 2021 and may see a higher surge in 2022 and onwards.
Originally published at https://www.promiller.in/ on Dec 18, 2021.
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ProMiller are the only Hospitality Consultants in India to intersect young minds with 100+ years of industry expertise. We have redesigned the hospitality and hotel consulting to make it more data-driven as compared to other hospitality industry consultants as well as hospitality & hotel management companies in India.
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- 1. 5/17/23, 5:42 PM Impact of Pandemic & Geo-Political Risks on Tourism https://www.promiller.in/post/impact-of-pandemic-on-hospitality-industry-in-india 1/4 Team ProMiller May 19, 2022 5 min read Impact of Pandemic & Geo-Political Risks on Tourism Tourism plays a more vital role in a country’s GDP and Economic growth than we give it credit for. Countries which provide extra-ordinary tourism experiences attract higher Foreign Direct Investment, indirectly creating several job opportunities, resulting in higher revenues and over-all progress of the nation through the income transfer between a developed nation to a developing one. This is a step towards balancing out the inequality in income levels between several countries. Several policy-makers, as well as many hotel management companies in India, have started to shift their focus on improving the tourism sector due to its several economic benefits. It should not come as a surprise that countries with a developed tourism sector attract a higher influx of tourists and hospitality business investors than those countries with a weak tourism sector or prevailing risks in the said industry. The same is usually treated as a principle by the hospitality consultants across the globe for taking big-picture decisions. Like any other commerce, Tourism is highly sensitive to risks and can be fragile in an imbalanced environment. Many investors research and observe over a long duration before investing in a country’s tourism sector to ensure that the economy is more or less economically and politically stable. It is to ensure that it can safe-guard itself from several risks that may adversely affect the inflow of international tourists or alter the behavior of domestic tourists. In other words, the demand of tourism related activities greatly depends on how vulnerable a country is towards various kinds of threats and adversities. Speaking about risks, these can be divided into risks made by humans and naturally occurring risks. Natural-disaster like Hurricanes,Tornadoes, Floods,Volcanic Eruptions are not usually in the hands of the people and may or may not be predictable.Those caused by man can include wars, terrorism, political issues and pandemics can have a more intense impact on tourist behavior and demand levels as compared to natural-risks. In the recent years, Geo-Political Risks (GPRs) are on the rise due to several nations suffering from political tensions causing volatility and brittle economies. Geo-Political Risks are a measure of tension between nations. This leads to a shift in the tourist’s choice of destinations where those countries that have a history of a safe and steady economy and prevailing strong policies with least unrest and guaranteed security are often preferred over those where wars and riots may escalate. It can have cataclysmic impact on those nations which depend on tourism for majority of their income since GPRs can lead to restrictions involving visas and travel. If a traveler feels unsafe, they might not consider the nation dealing with instability as a destination, further causing a drop in the income through the tourism sector which eventually leads to unemployment and the reduced investment from the government in developing that sector.
- 2. 5/17/23, 5:42 PM Impact of Pandemic & Geo-Political Risks on Tourism https://www.promiller.in/post/impact-of-pandemic-on-hospitality-industry-in-india 2/4 The most recent example of this being the war raging between Russia and Ukraine. According to UNWTO, Outbound Tourists from these nations contributed to approximately $14 Billion USD which accounts for 3% of global spending. This is a substantial amount that has now been lost due to the on-going crisis which an unforeseen future. Additionally, the travel costs have rocketed due to the inflation and increase in oil prices indirectly making these destinations unfavorable for many. On similar lines, hotel revenue management companies in India have been dealing with these ups & downs and coming up with new-age solutions to combat it. However, European air travel has seen a steady growth along-side increase in flight bookings.This has been the result of easing the travel restrictions but the military unrest has been an obstacle in reinstating confidence in international travel. In addition to the military and political unrest causing hesitation amongst tourists, the world also experienced the Pandemic resulting in the strictest travel restriction and fright amongst many. COVID19 not only affected the lives of many but had been a major factor which led to the Hospitality and Tourism industry to come to a stand-still. Each nation shut-off their borders, air-travel was restrained and a major revenue loss was incurred. The UNWTO states that 1 in 10 jobs in developed and developing nations could be related to the tourism industry which leads us to understand just how much the effect of COVID19 could have been towards the livelihood of citizens of those nations. The ramifications were also borne by the biodiversity and cultural conservation practices which relied on income via tourists and the activities they indulged in.
- 3. 5/17/23, 5:42 PM Impact of Pandemic & Geo-Political Risks on Tourism https://www.promiller.in/post/impact-of-pandemic-on-hospitality-industry-in-india 3/4 It has been indicated by the International Monetary Fund that the revenue generated by tourism may not recover to the stage it was at in 2019 until 2023. It also mentioned that COVID19 caused a 65% reduction in tourist movement as compared to SARS epidemic causing only a 17% fall.The current rate of inflation, the Ukraine -Russia War and labor shortages are causing a delay in complete recovery of the industry. However, the UNWTO has announced the removal of all international travel restrictions in 45 nations leading to a steady upward rise in travel.The hotel occupancy rates around the globe are increasing but many struggle with the
- 4. 5/17/23, 5:42 PM Impact of Pandemic & Geo-Political Risks on Tourism https://www.promiller.in/post/impact-of-pandemic-on-hospitality-industry-in-india 4/4 workforce shortages due to the number of layoffs during the pandemic. Although 31 countries in Europe have lifted any restriction of travel, the war is causing an increase in the fuel prices and the aviation industry still struggles to attract international tourists who may also have lost confidence due to the tension between the two nations. It is undeniable that both the Pandemic and the GPRs have had a visible and global impact on the Tourism Industry. Nations and their governments are currently recovering from the ill-effects of these two phenomena. The circumstances that the world has encountered gives us a renewed opportunity to reconsider our priorities and start adapting more conscious efforts, support renewable energy, encourage governments to restructure the tourism sector and prepare policies that can be implemented during such occurrences. Artificial intelligence can play a fundamental part in making travel easier and safer with the introduction of e-visas and a superior biometric process for identity verification and travel eligibility (Macchiarelli, 2022). The G20 in Rome has suggested Crisis Management, green energies and investment in better infrastructure to cope with the current situation and make the road to recovery a little easier. International Cooperation is the key to transform the tourism sector, creating harmony amongst nations to support each other, create employment opportunities, rejuvenate the local cultures and create harmony to build the confidence amongst tourists once again. This is also being echoed by the top hospitality consulting firms in India and beyond. Written byVylaica S.