Advances in Economics, Management and Political Sciences
- The Open Access Proceedings Series for Conferences
Proceedings of the 2nd International Conference on Financial Technology and Business Analysis
Series Vol. 52 , 01 December 2023
Open
Access | Article
Suggestions for Improvements Based on Analysis for Loss Rate in Tourism Industry During the Post-pandemic Era
* Author to whom correspondence should be addressed.
Abstract
The coronavirus pandemic influences the economy around the world substantially from 2019 to 2023. Change in the development rate of tourism and the loss rate faced by some homestays, the pandemic significantly impacts the development of various sectors, especially for the tertiary sector. Some typical cases in China are provided to illustrate this viewpoint. Based on previous analysis and investigation on tourism sectors in different regions, the essay is going to offer some suggestions to relevant industries. Furthermore, it is considered that some new rules are implemented on various scenic spots and requirements on scenic staffs, such as hotel staffs being more responsive to demand from the market in order to minimize loss, and some companies in the industry is combining tourism with technology. For further improvements, it is crucial for scenic spots to introduce up-to-date modern digitized technology and replace outdated technology in order to make up for deficiencies and reduce the possibility of any potential loss of interest. Government intervention also promotes the development of relevant industries since it provides public support and sufficient funds. Moreover, innovation helps to gain sales revenue by generating a greater customer base.
Keywords
Covid-19, tourism industry, loss rate, policies and responses, corrective actions
References
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Data Availability
The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.
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- Volume Title
- Proceedings of the 2nd International Conference on Financial Technology and Business Analysis
- ISBN (Print)
- 978-1-83558-151-3
- ISBN (Online)
- 978-1-83558-152-0
- Published Date
- 01 December 2023
- Series
- Advances in Economics, Management and Political Sciences
- ISSN (Print)
- 2754-1169
- ISSN (Online)
- 2754-1177
- DOI
- 10.54254/2754-1169/52/20230684
- Copyright
- 01 December 2023
- Open Access
- This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited