Proceedings of the 2022 2nd International Conference on Economic Development and Business Culture (ICEDBC 2022)

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A Review of the Impact of the Epidemic on the Hotel Industry

Authors
Yilong Zhou1, *
1Nanjing International School, Nanjing, China
*Corresponding author. Email: yilongzhou@nanjing-school.com
Corresponding Author
Yilong Zhou
Available Online 31 December 2022.
DOI
10.2991/978-94-6463-036-7_49How to use a DOI?
Keywords
Hotel Industry; Epidemic; Economic; Industry Development
Abstract

The epidemic of novel coronavirus in 2091 brought a huge impact on the world economy and society, and the impact of the outbreak on the operation and development of hotels has received more and more attention from scholars, and different scholars have different research perspectives and results. Based on this, this paper composes the existing research results and analyzes the direct economic impact of COVID-19 on hotel operations, the coping strategies of the restaurant industry, and the long-term impact on the restaurant industry in the post-epidemic era, respectively. The findings indicate that the epidemic has directly affected the hospitality industry's operations by disrupting jobs, reducing working capital, and changing market demand. In addition, the economy was weakened by the closure of most of the hotel industry, even leading to lower stock market returns. This inspires the need for market participants to adjust their business strategies in a timely manner so as to reduce the impact of the post-epidemic era on the industry's growth and thus achieve a healthy and sustainable industry.

Copyright
© 2022 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2022 2nd International Conference on Economic Development and Business Culture (ICEDBC 2022)
Series
Advances in Economics, Business and Management Research
Publication Date
31 December 2022
ISBN
978-94-6463-036-7
ISSN
2352-5428
DOI
10.2991/978-94-6463-036-7_49How to use a DOI?
Copyright
© 2022 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Yilong Zhou
PY  - 2022
DA  - 2022/12/31
TI  - A Review of the Impact of the Epidemic on the Hotel Industry
BT  - Proceedings of the 2022 2nd International Conference on Economic Development and Business Culture (ICEDBC 2022)
PB  - Atlantis Press
SP  - 324
EP  - 328
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-036-7_49
DO  - 10.2991/978-94-6463-036-7_49
ID  - Zhou2022
ER  -