Essay About International Travel Industry And Result Of External Events

Intergrating Crises Management in Strategic Planning Process in International Travel Industry
Join now to read essay Intergrating Crises Management in Strategic Planning Process in International Travel Industry
INTERGRATING CRISES MANAGEMENT IN STRATEGIC PLANNING PROCESS IN INTERNATIONAL TRAVEL INDUSTRY
INTRODUCTION
In the last six to seven years the international travel industry has seen a lot of incidents, which have affected the business a lot. “The travel industry, although not unique in its vulnerability, is nevertheless highly exposed to risks and prone to crises as the result of external events. External shocks, such as wars, hurricanes, terrorist attacks, pollution, adverse publicity and accidents, can have a dramatic and speedy effect upon levels of business in the travel industry. The external shocks can quickly develop into crises and indeed can be and should be viewed as a central concern of competent managers in the industry.” Evans, N. and Elphick, S. (2005). The purpose of this article is to understand that how can we strategically plan the travel industry’s business with the help of Crises Management. So, that we can minimizes the risk in the travel industry and ensure the safety of the travelers as well. The International Travel industry is very vast and prone to many risks like, the most common these days being Terrorism. Since 2000, there has been a lot of terrorism attack allover the world. “The bungled attempts to repeat the attack of 7/7 on London’s transport system resulted in no loss of life, but caused widespread panic and disruption in the capital.” These attacks have given a lot of