Impacts, sustainability, and resilience on the Egyptian tourism and hospitality industry after the Russian airplane crash in 2015

Autor: El Atiek, Said, Goutte, Stéphane
Přispěvatelé: Goutte, Stéphane
Rok vydání: 2023
Předmět:
[MATH.MATH-PR] Mathematics [math]/Probability [math.PR]
[SHS.DEMO] Humanities and Social Sciences/Demography
[QFIN.CP] Quantitative Finance [q-fin]/Computational Finance [q-fin.CP]
[MATH] Mathematics [math]
Sharm El-Sheikh
[QFIN.PR] Quantitative Finance [q-fin]/Pricing of Securities [q-fin.PR]
Russian air plane
social imact
[QFIN] Quantitative Finance [q-fin]
[QFIN.ST] Quantitative Finance [q-fin]/Statistical Finance [q-fin.ST]
Economic impact
[STAT.AP] Statistics [stat]/Applications [stat.AP]
Egypt Russian air plane Sharm El-Sheikh Tourism crisis Economic impact Political impact social imact
Political impact
Business
Management and Accounting (miscellaneous)
Egypt
[SHS.ECO] Humanities and Social Sciences/Economics and Finance
Tourism crisis
[MATH.MATH-ST] Mathematics [math]/Statistics [math.ST]
Finance
Zdroj: Research in International Business and Finance. 64:101866
ISSN: 0275-5319
DOI: 10.1016/j.ribaf.2022.101866
Popis: The Russian airplane crash in 2015 has severely affected the tourism industry in Egypt. The present article is focused on the impacts of economic, political, and social impacts on Egyptian tourism after this crisis. The present study aimed at dealing with the crisis to mitigate the consequences and allow the companies to make the best use of it to restore their business. The present article has also discussed the crisis impacts on the financial situation of company A which is one of the top five hospitality companies in Egypt. Crisis management and investments in human resources were the most effective strategies to overcome the harsh consequences of the crisis on tourism sector. The present study data is based on the Egyptian ministry of tourism figures, internet, articles, and international channels reports aimed to explain how the political, social, and economic events had a negative impact on the hotel industry in Egypt.
Databáze: OpenAIRE
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