There isn’t a day that goes by without hearing details concerning the coronavirus and its harmful effects on business travel and hospitality. Yet earlier the hotel industry had to deal with numerous emergencies and viruses. The SARS virus, for example, dramatically affected business in 2003. There was a 50 per cent decline in hotel bookings, which contributed to a decrease in foreign visitor arrivals by about 9.4 million, with losses projected at approximately $30 billion and $50 billion.
Despite the said-mentioned reality, by 2006, the travel industry managed to log massive progress, with a cumulative contribution of $5.160 billion to global GDP over the year.
The reality is that the pandemic is inevitable, and will go away. Therefore, we will continue to prepare for the potential, as well as take action to minimize long-term coronavirus disruption and accelerate speedier recovery.
Here are some suggested plans from the AP LBC hotel management experts for you to adopt during the Coronavirus crisis and also from the economic wounds, it is causing.