COVID-19 Is the Iceberg in Front of the Titanic of Tourism

Abstract

COVID-19 causes severe harm to every industry and business function. However, the industries that received the most severe impact were the tourism and hospitality industry. Especially, international tourism has suffered a lot due to the spread of COVID-19 as well as due to travel restrictions. On the other hand, the traveling industry is one of the major contributors to the world's GDP as well as one of the largest employers. Although due to the severe hit from COVID-19 the negative impact has also been shifted to stakeholders of the tourism sector. Hence the chapter has been written purposively to reflect the detailed impact of COVID-19 on the tourism industry not only in terms of financial matters but also with respect to employment, growth, and future challenges.