Covid-19 Pandemic and Its Impact on the Hospitality Sector: An Empirical Study
Author : Ruokuozenuo Nienu and Dr. Gautam Patikar
Abstract :
The onset of COVID-19 is a blow to the economies on a scale never before seen, leaving almost no nation unscathed. This pandemic is regarded as one of the most severe shocks in modern history, hurting individuals and businesses in every conceivable way. Before the COVID epidemic, it was rare to remember a situation in which people were adversely affected by a substantial magnitude. This pandemic still has terrible repercussions putting personal and professional existence in jeopardy. Among the industries that have reportedly been the most negatively impacted by the disruption in the demand-supply concatenation are aviation, production, services, travel, hotel, transport, and commerce. From the global to the personal, this pandemic threw off the balance of survival and safety for almost everyone. Susceptible instances post-lockdown have exhibited an amplifier reaction, making the post-lockdown scenario even dire. Subsequent ramifications have been challenging to predict due to this intricacy and ambiguity.
The main goal of this study is to provide a comprehensive overview of the situation while also detailing how COVID-19 has affected the hospitality industry. This study’s primary intention is to draw attention to the difficulties this industry suffered due to the pandemic. Also discussed is a blueprint for responding to this unfathomable downturn and setting the stage for participatory management as India sails through this testing moment.
Keywords :
COVID-19, Hospitality Sector, Hotels, Impact.
