COVID-19 cripples global restaurant and hospitality industry
By K. Dube, G. Nhamo, D. Chikodzi. 2020
343 citations recorded by the source corpus.
ABSTRACT The restaurant and hospitality industries are crucial socio-economic sectors that contribute immensely to the global economy. However, these sectors are vulnerable and sensitive to natural hazards such as the COVID-19 pandemic and any resultant economic downturns. This study investigates the impact of COVID-19 on the global restaurant industry using data from OpenTable and other sources. The study found that sit-in guests dropped to zero in many countries as governments across the world instituted social distancing initiatives, movement restrictions and lockdowns. COVID-19 also led to an unprecedented loss of employment and revenue, resulting in millions of jobs and billions of dollars in potential revenue lost. The work recommends extra-ordinary financial and other support measures for the sector. It further recommends a raft of safety and health protocols as the industry gradually reopens.
Subfields: Economics and Econometrics, Sociology and Political Science
View Paper: https://www.semanticscholar.org/paper/dbc9878c2ccef60c2933050004325e5586c09a32
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Citations in the corpus
- Tourism and Hospitality industry resilience during the Covid-19 pandemic: Evidence from England (2021, background): “The consequences have been described as ‘catastrophic’, and no industries have, arguably, been as hard-hit as tourism and hospitality (Dube et al., 2020; Legrand, 2020; Nicola et al., 2020).”
- The COVID-19 pandemic and organisational commitment of senior hotel managers (2020, neutral): “The long(er) term impacts of COVID-19 are yet implicit but likely to be exemplified by the diminished consumer demand for hospitality services in the foreseeable future due to health and hygiene precautions (Dube et al., 2020).”