Impact of COVID-19 on Tourism Industry: Challenges and Opportunities

Bu, Naipeng; Xiao, Honggen; Kong, Haiyan; Dong, Feiran

doi:10.5430/jms.v12n2p1

Cited by 5 publications

(2 citation statements)

References 13 publications

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“…The global hotel and tourism industry has been highly influenced by the coronavirus disease 2019 (COVID-19), and travel restrictions lead to a decrease in tourism demand (Bu et al , 2021b; Gossling et al , 2020; Lin et al , 2020; Prentice et al , 2020). The advantage of AI becomes prominent during the COVID-19 pandemic.…”

Section: Introductionmentioning

confidence: 99%

30 years of artificial intelligence (AI) research relating to the hospitality and tourism industry

Kong

Wang²,

Qiu³

et al. 2022

IJCHM

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Purpose This study aims to review the progress of research on artificial intelligence (AI) relating to the hospitality and tourism industry, focusing on the content, focal points, key terms and trends of AI research. Design/methodology/approach A total of 491 referred papers are selected from the Web of Science core collection database. These papers, published in the past 30 years (1991–2021), are analyzed by using Gephi and VOSviewer software. Findings AI research shows a growing trend since 1991, and the number of publications and citations increased significantly since 2018, indicating that AI became a focus for researchers. AI studies are grouped into four clusters, namely, AI technology, technology acceptance, customers’ perception and future trends. The research focus changed from AI technology in the early stage to customers’ attitudes toward and willingness to accept AI. Research limitations/implications The findings contribute to advance knowledge development, identify research gaps and shed light on future research. The results offer practical enlightenment for governments, tourism destinations and hospitality organization. Practical implications The results offer practical enlightenment for governments, tourism destinations and hospitality organization. Originality/value This study is the initial attempt to provide a systematic review of AI research relating to the tourism and hospitality fields.

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Section: Introductionmentioning

confidence: 99%

30 years of artificial intelligence (AI) research relating to the hospitality and tourism industry

Kong

Wang²,

Qiu³

et al. 2022

IJCHM

Self Cite

View full text Add to dashboard Cite

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“…Standard procedures for implementing strict health protocols are carried out at tourist objects to bring the tourism industry back to life. Bu et al (2021) explained that tourism is a risky activity in a pandemic. The policy of restricting human movement makes the tourism industry unhealthy.…”

Section: Introductionmentioning

confidence: 99%

Covid Impact on Tourism Profit and Cash Holding

Wijaya

Hasanah

Sari

2022

JBMR

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The Covid-19 pandemic has significantly impacted various socio-economic aspects of Indonesian society. Tourism activities are a sector directly affected by the harmful effects of Covid-19. The implementation of restrictions on community activities to overcome the Covid-19 pandemic has made tourism business activities experience financial difficulties, leading to business bankruptcy. This study analyzes local tourism companies' profitability and cash holdings in Umbul, Madiun, and East Java before and during the Covid-19 pandemic. This study uses a descriptive qualitative approach. The research data was obtained through observation, interviews, and analysis of the company's financial data. The results of this study indicate a decrease in profitability and a decrease in cash holdings for local tourism companies in Umbul, Madiun during the Covid-19 pandemic. A decrease in profitability and a decrease in cash holdings can be interpreted as an increase in business risk leading to financial difficulties. Local tourism companies Umbul Madiun are advised to focus on the company's cash conversion cycle, more conservative accounting and business policies, and focus on activities that directly impact the number of tourist visits. This strategy is expected to increase the company's profitability, the efficiency of cash holdings management, and efforts to revive the tourism business after the pandemic conditions at the local tourism company Umbul Madiun.

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