Reference no: EM132543183

Question1 : How Corona virus affects tourism?

1- Tourism is entering a major crisis due to the worldwide panic of the Corona Virus, which is still unknown in duration and scope, leading to the stock market crash continued for a week for all the sector's giants. The impact of the Covid-19 Corona Virus on world tourism is unquestionable, and the forecasts from the authorities are based on past experiences with similar crises such as SARS or H1N1.

2- Hotels, airlines, and cruise operators are just a few of the hardest-hit travel industries suffering the most immediate repercussions, particularly when the outbreak occurs during the Lunar New Year, one of Asia's busiest travel seasons.

3- Corona Virus' effect on companies is now regional with trip cancelations, public gatherings, immediate job changes, and revenue dropouts. Some of Spain's most drastic situations is that of the Zurich insurer, which has canceled the journeys of its 2,000 workers both inside and outside Spain and is sending others on a journey abroad.

4- The US authorities have dealt a big blow to world tourism, even before the Corona Virus warning, the government headed by Donald Trump recommended to firms and public centers to postpone travel and wide gatherings. These initiatives would likely have a significant effect on people's travel plans to one of the most popular tourist attractions in the US in Las Vegas, as officials would also try to restrict people's face-to - face encounters, which will have a positive influence on the potential of online casinos and online gaming sites around the world to capitalize on their shortcomings in the foreseeable future.

5- The tourism industry faces an unprecedented confluence of threats consisting of a global health alarm; aircraft shortages due to the Boeing 737 Max crisis; travel social demonization; exaggerated and even false media offensives; climate catastrophes; sector taxes; operator and airline bankruptcies; and large-scale political instability and economic slowdown.