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Showing posts with the label How best to prepare the companies in the industry to overcome these challenges

Business Report: Hospitality sector during Covid 19 pandemic period

 Abstract This business report briefly discusses the topic "Global hospitality industry during the Covid 19 pandemic period". The report mainly focuses on how Covid 19 pandemic impacted the industry, three significant challenges faced by the companies during this period and activities and actions the management needs to undertake to manage these challenges. In addition, after graduation, I need to express my opinion on working in the hospitality industry and self-reflection on the research findings.    Introduction Covid 19 pandemic negatively impacted almost whole sectors of the global economy (UNWTO, 2020). But the consequences of the Covid 19 pandemic spread is not equal in all industry; the impact is more visible in some sectors like the hospitality industry, tourism industry and other supporting industries. Due to this pandemic, the industrial growth, revenue and stock price decreased in the first quarter of the official confirmation (23rd Jan 2020) of Covid 19 sprea...