evaluate the financial impact experienced by the global tourism and hospitality industry due to the implementation of COVID-19 travel restrictions.
- Working Title
The Effects of COVID-19 Travel Restrictions on Global Tourism and Hospitality Industry.
- Context of Research
The study aims to identify and analyse the critical effects of COVID-19 travel restrictions on the tourism and hospitality industry by demonstrating how the implementation of the COVID-19 containment measures by different governments in tourism destinations worldwide affected the performance of the sector, as well as the strategies that can be put in place to ensure its recovery from the impacts of the pandemic. According to a report released by the United Nations World Tourism Organisation in 2020, it was documented that following the continued spread of COVID-19, international tourist travels decreased by between 58% and 78% (Tuite et al., 2020), which led to a potential loss of between $0.9 to $1.2 trillion in the total global tourism receipts. Therefore, the introduction of travel restrictions had a profound financial impact on the tourism and hospitality sector.
- Rationale
I believe there is a need for research into the impacts of COVID-19 travel restrictions on the global tourism and hospitality industry. The results obtained from this study will help understand how the imposition of COVID-19 containment measures affected the global tourism and hospitality industry, as well as how various recovery strategies can be put in place to save it from the adverse effects of the pandemic and any future crises. Understanding the strategies that were implemented to contain the spread of COVID-19 will establish a framework for improving the industry’s performance and further inform the policymakers on handling future crises in highly susceptible industries when they occur.
- Research Aim
This research aims to evaluate the impact of COVID-19 travel restrictions on the global tourism and hospitality industry by focusing on the financial loss that the industry faced following the imposition of the travel restrictions on various tourists’ destinations worldwide.
Research Objectives
- To evaluate the financial impact experienced by the global tourism and hospitality industry due to the implementation of COVID-19 travel restrictions.
- To analyse the available recovery strategies that can be put in place to restore the tourism and hospitality industry from the effects of COVID-19 travel restrictions.
