Covid 19 Continues To Weigh On Global Markets Perspectives June 10, 2020 | article. (pdf 362 kb) covid 19 has affected every sector across the globe, and the hotel industry is among the hardest hit. our research suggests that recovery to pre covid 19 levels could take until 2023—or later. investors are providing similar views of hotel companies’ prospects, as seen in the underperformance of us. While the covid 19 pandemic has dealt the hospitality industry and the academia with uncharted challenges, it also presents great research opportunities for hospitality scholars. the magnitude of this crisis and its devastating effects on operations, employees, and customers are unrivaled compared to previous crises.
Coronavirus Impact On Hospitality Industry Fox News Video Abstract: the purpose of this study is to examine the current literature pertaining to the impact of covid 19 on the global hospitality industry. the research has a two fold approach. first, a succinct examination of the literature highlights the significant negative effects of the pandemic on the multiple fields of hospitality. Worldwide. the coronavirus (covid 19) pandemic not only had a significant impact on public health, but it also affected one of the linchpins of the global economy, the tourism industry. as many. The hotel industry is among the sectors that received the biggest blow during the early months of the covid 19 pandemic. with new infection cases rising recently, here’s what we can learn from. Trend analysis was also used to examine the impact of covid 19 on the global tourism and hospitality industry and global gdp . according to priyadarshini [ 32 ], the real global gdp growth will drop from 2.9% in 2019 to 2.4% by the end of 2020, while global revenues for the tourism and hospitality industry will drop by 17% compared to 2019.
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