Risk Management Lesson 1-2

Reports of accidents that could be attribute to negligence cases like robbery and theft

Core stages: recovery and analysis

Tourism demand is defined as the number of people that plan to buy tourism products

Latin word that was a kind of round wheel like tool hinting at the idea of package tour

Area of crisis management: should be viewed as crisis management aimed at maintaining the business

Factors affecting demand in tourism includes location of destination landscapes rivers climate

Demand that refers to all who have potential to undergo any tour but they have delayed their plan due to some reason

Usually caused by undercooked food cross contamination in the kitchen

Desire to exchange the known for the unknown

Chance or probability that a person will be harmed or experience an adverse health if exposed to a hazard

Refers to responsible travel to natural areas that conserves the environment supports local communities

Demand that refers to who can undergo tours but are not utilizing any tourism products because of lack of motivation

This come in the form of but not limited to the following: riots crime waves terrorist acts

Common in hotels malls and similar establishments

Area of crisis management: existing but not yet recognized should be tracked down

5 Ps: actual implementation of contingency plans

Demand is made of all those traveling to some place

Temporary visitors staying at least 24 hours whose purpose could be varied

Core stages: managing the actual crisis

Economic downturn and recession loss of market confidence withdrawal of investment funds

5 Ps: attempts to remove uncertainty from the future

Common injuries that is a possibility that hotel employees could acquire this due to exposure to infectious diseases

demand that refers to total no. of people who are utilizing tourism demand and supply tourism products in current time

Tourism demand can be discussed under two sub parts wanderlust sun lust

Tourism demand is the total number of persons who travel or wish to travel

Serious disruption to community life which is beyond day to day capacity

In three elements of tourism this is the temporal element which is composed by the three pitsels and stay at destination

Factors affecting supply in tourism includes quality of hotels restaurants

Demand that refers to people who are currently not utilizing any tourism product but may utilize in near future

5 Ps: component which begins when the crisis has been addressed

Factors affecting supply in tourism includes presence of tour operators as well as travel agents

Accidents that are beyond the contemplation of man

Core stages: preparedness and prevention

5 Ps: deliberate action the aimed to avoiding future harm by addressing it causes

Common injuries hotel workers are at risk because the nature of work requires them to move quickly

Supplier tag as a wholesale with bulk selling as a common practice

In the three elements of tourism this is the human element as the creator of the act of tourism

Diverse range of strategies that help an organization deal with unexpected negative event

Factors affecting demand in tourism includes factor like income purchasing power disposable income

Is the temporary short term movement of people to destinations engage in activities during their stay at the destination

Give one sources of risk

Factors affecting demand in tourism includes development level quality of product tourist formalities

Natural disaster information leaks and security breaches public defamation lawsuit or violence act of terrorism

Operators in the tourism industry usually create packages with the following different modes

A situation that exposes someone or something to danger harm or loss

Outbreak of covid-19, deterioration in public hygiene and infectious disease

Various activities in connection with the tourism industry that are susceptible to give harm and danger

Modes of supply that sell door to door selling

Typically being experienced in restaurants

Modes of supply that sell through affiliate resellers independent to sales rep

Wave travel easier and faster what do fail in certain points

Factors affecting demand in tourism include mobile phones tvs computers with internet

Tourism demand is the total number of persons who travel or wish to travel and use tourist facilities

Common injuries in tourism and hospitality industry where working in a hotel requires a lot of strength and agility

Common injuries were may be caused by the exposure of variety of chemicals like strong cleaning agents

Situation which exceeds normal response capabilities

Greek word for crisis which means differentiation or decision

Pertains to any source of potential damage harm or adverse health effects on something

Crisis of consciousness

Factors affecting demand in tourism includes personal motives personal attributes

5 Ps: cover six essential activities plan organized train equip exercise and evaluate and improve

It is the requirement of variety of tourism product at a particular place market in each time on a given price

The provision of variety of tourism product to tourist at particular destination in each time

Any situation that has the potential to affect long term confidence

A desire to travel and enjoy sunny places

Area of crisis management: commonly apply for potential business crisis

Factors affecting supply in tourism includes accessible markets have better supply of tourism products

Tourism supply is complex phenomenon because of both nature of the product and the process of delivery

Demand that refers to requirement of different tourism product in near future but may depend upon changes in lifestyles

Demand that refers to requirement of new types of tourism product with lots of creative aspects

Factors affecting supply in tourism includes markets empowered with better electronic gadget can receive better supply

Modes of supply that sell in an online sale by parent organization

Creates a shock to tourism industry resulting in the sudden emergence of adverse situation

Critical situation that may become a disaster or catastrophe