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The Downfall of World-Wide Tourism

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Contemporarily, tourism industry is a thriving industry and has become a boon for many countries, most especially for the developing countries that have no other reliable and alternative resources other than tourism. Tourism contributes drastically to the local economy, social and environmental aspects

Many local communities recognize that tourism can inspire change in social, cultural, economic and environmental dimensions, where tourism interests have had a close bond with the local people. Initially, the economic aspect is one of the most significant aspects which is affected by tourism as it acts as an export industry by generating revenues to the host country. A host nation will gain foreign exchange, which will contribute to improve the nation’s balance of payments.

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Tourism industry play great role in the development of a world and it positively and negatively correlated with the economic growth of the global economy. Seeing to its importance the present study was arranged since 23, March, 2020

The universe of the study was the world. The major objective of the study was to examine the factors which affect tourism industry positively and negatively while also study its impact on the global economy of the world. Secondary data were used and total 18 articles were downloaded from the net and read many times and analyzed the situation. The analysis indicates that tourism industry keep tight correlation with the economic growth of the global economy while there are so many factors which affect the tourism industry positively and negatively which in the long run or short run affect the global economy of the world negatively and positively. Among these factors culture, peace, security, developed infrastructure of the world, visa facilities, natural beautification, attitude of the people, tourist number, Quarantine, World population, Education, Income level, Price level of different commodities in the world, different languages and fare of hotel etc are the well known factors which affect the tourism industry positively and negatively in the world. Similarly on one side these factors push the tourism industry in the short and long run positively and negatively while on the other side affect the economic growth of the global economy of the world negatively and positively. Recently due to bad quarantine the corona virus spread into the whole world which has now closed all sectors of the world economies and the government have banned people from social contacts from one another in the world and the government told to them to stay at your home and through this methodology which was applied by China will be escaped from this virus pandemics. So tourism is link with every sector of the economy. More money is earned by governments in the world. The people enjoy the time very well while they were charged by government which increase the revenue of the government and generate new employment in the countries of the world which improve socioeconomic condition of the world community and give prosperity to them. There are so many problems which affect to this industry negatively while few are mentioned here for explanation: Terrorism decrease the number of tourist in the world; Visa problems and flight problems also decrease the number of tourist in the world; Bad transportation also affect the tourism industry negatively; Hotel and transportation high fare also decrease the number of tourist in the world; Bad attitude of the country also affect the tourism industry negatively in the world. On the basis of problems the study recommend that to provide tight security to tourism spot in the world; Decrease fare of the hotel and transportation in the world; Easy Visa and Transportation should be provided to tourist in the world; Clean food should be provided on the tourism spot to tourist in the world; Good and tight quarantine should be provided at the entry and out point in the world; Tourist should be behaved in a good manner and never used abused words to them; Always give honor to tourist in the world on the tourism spot. Good and honest staff should be appointed in the tourism industry for running the system. By all world government good policy should be prepared for tourism enhancement.

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Operational measures such as the postponement of investments or payments to suppliers helped hotels to keep expenses low during the hardest months. Many hotels reported that they tried to reduce their expenses by saving energy or water, or by closing parts of the hotel building during periods of low occupation. Additionally, operational measures such as using fewer suppliers to exploit more volume discounts were also taken advantage of. Some of the more innovative hotel kitchens introduced new and cheaper products to their menus. However, although this was mentioned as an example of a possible cost reduction strategy, it faces constraints with hotels that offer a luxury standard. Other hotels and investors reported cancelling or delaying maintenance investments or postponing new investment projects. Moreover, a number of already started project developments were not completed either due to monetary shortages ()

Even though these measures may have been quite effective for the respective companies to reduce their current cost burden, the increasing investment reluctance in the tourism sector negatively impacted on related economic sectors, such as construction (INEC, 2010c). Intending to stimulate demand, large hotels in particular introduced price incentives and lowered their rates. This policy led to a price race, as most hotels had to reduce their rates drastically due to a chain reaction their competitors had started. This price competition further increased the pressure on profits. Moreover, managers argued that the divisive measure of rack rate reduction could make it difficult to reach the previous price level after an economic dry spell. A more accepted way for demand stimulation among the managers interviewed was to offer incentives to tourists, such as free extra bed nights, reduced prices for spa treatments or free participation in excursions. Another demand oriented strategy constituted the attraction of new markets during times of crisis, often in cooperation with the National Tourist Board. However, managers considered the accessibility by air as a bottleneck, since a number of international airlines reduced the size of the airplanes employed on routes to Costa Rica (Inman, C., 2010). Therefore, hotels were faced with the problem of convincing and negotiating with the different airlines to enlarge their seat capacity.

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In conclusion, the reality, however, is likely to span the full spectrum of different scenarios reflecting different local conditions

This could occur in the context of damage already done, according to losses and damage connected with an absence of tourism and how rapidly the wildlife tourism resumes and the specific philosophy and economic circumstances of tour operators. The ultimate scenario also depends on political support and funding, adequate financing of protected areas and the active role of NGO’s and the renewed confidence, or otherwise, of local communities. All of this raises the important question as to whether the COVID 19 pandemic will be a good or bad outcome for wildlife tourism.

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INEC (2010c): Datos Económicos. Internet: www.inec.go.cr/Web/Home/pagPrincipal.aspx, retrieved 4 October 2010.

Inman, C. (2010): Impacts of Developing Countries of Changing Production and Consumption Patterns in Developed Countries: The Case of Ecotourism in Costa Rica. (= Institution for Environmental Studies, Vrije Universiteit

Amsterdam, number 18), Internet: www.iisd.org/susprod/ecotour.pdf, retrieved 18 October 2010.

Jamal, M. M. and R. M. Lagiewski (2006): A bipolar view of Island Tourism Planning. A Case of Maldives Islands.

McElroy, J. and P. Olazarri (1997): A Tourism Penetration Index for Small Island destinations. In: Bank of Valletta Review 16: pp.1–10.

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