A Study on Financial Problems in Tourism Industry Due to Covid Pandemic

A Study on Financial Problems in Tourism Industry Due to Covid Pandemic

Registration ID: IJNRD_221189

Published ID: IJNRD2406335

DOI: Click Here to Get

R Bhuvaneshwari

Tourism, COVID-19, Impacts, Financial crisis, Recovery, Resilience.

Tourism is often regarded as an economic development path for structurally weak, peripheral areas, as a cure-all providing jobs and income, capital inflow and finally stopping outmigration by creating a positive socio-economic perspective for the future.The tourism has become the world׳s fourth largest export industry after fuels, chemicals and food . The objective of study is To determine the level of tourism industry has affected financially during COVID pandemic.Through the implementation of sampling technique or conjointly referred to as empirical research with convenient sampling technique the info was collected from 200 respondents. Independent variable used age, gender, occupation, education qualification and marital status. The finding of this study was observed that most of the male respondents have agreed to the fact the tourism industry had witnessed financial crisis during the COVID pandemic that expected to have a debilitating effect on the Indian travel and tourism industry which includes a direct impact on hotels, travel agencies, tour operators, restaurants and tourist destinations and have an indirect impact on land, air and sea transportation. The lockdown and the travel ban have had a serious impact on the inflow of foreign tourists into India.It has been observed in the past that therecovery strategies require effective and timely coordination, implementation of relevant crisis management techniques, responsive relationships among all the stakeholders involved including Governments, recognition of risks and opportunities, and timely and scalable interventions. It is evident that the industry is moving towards a ‘new normal’ and steps to operationalize the same through greater empowerment to the traveller and providing personalized travel experiences could be the key to faster and more sustainable recovery.

Published Paper   E-Certificate

"A Study on Financial Problems in Tourism Industry Due to Covid Pandemic", IJNRD - INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT (www.IJNRD.org), ISSN:2456-4184, Vol.9, Issue 6, page no.d410-d423, June-2024, Available :https://ijnrd.org/papers/IJNRD2406335.pdf

Volume 9 Issue 6, June-2024

Pages : d410-d423

Paper Reg. ID: IJNRD_221189

Published Paper Id: IJNRD2406335

Downloads: 000121159

Research Area: Management

Country: Chennai, Tamil Nadu, India

Published Paper PDF: https://ijnrd.org/papers/IJNRD2406335.pdf

Published Paper URL: https://ijnrd.org/viewpaperforall?paper=IJNRD2406335

Journal Name: INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT(IJNRD)

ISSN: 2456-4184 | IMPACT FACTOR: 8.76 Calculated By Google Scholar | ESTD YEAR: 2016

An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 8.76 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator

Publisher: IJNRD (IJ Publication) Janvi Wave

This work is licensed under a Creative Commons Attribution 4.0 International License and The Open Definition

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