In: Economics
Write a research proposal on the topic effects of the corona virus pandemic on employment and output on the hospitality industry (accomodation,food and hotels)
Some of the most worst affected sectors or regions bye covid-19 pandemic by ILO report are labour and Hospitality sectors.
It has severely affected the working hours and earnings throughout the globe. ILO news tell that it is expected to wipe out almost 6.7 % of working hours globally in the second quarter of of the Year 2020, which is equivalent to 195 million full-time workers.
Many have already lost their jobs and many of working for less time because of this pandemic. This is creating a huge loss especially for the upper middle class. More use losses are expected by the coronavirus pandemic across different income groups as well. More than 3.3 billion workforce are currently affected by full or partial workplace closure. It has been also said that, coronavirus is the worst Global crisis since World War II.
Some proper policy and measures and decisions are necessary by the governments of every country to be taken to improve the situation and finding a way for protecting workers and employers.
One of the most affected sector is hospitality industry. It has been showing cascading effect on the hospitality industry of every country. Due to the spider milk less and less number of people are travelling and the hospitality industry whose name income is from the Travellers has considerable dropped. There is a less chance of improvement in the coming year as well. Because 50% people are still taking high precautions and avoiding travel.
99% of the hotels are not fully occupied at the moment and food services and other services are going empty hence they are also removing the employers, which is creating a cascading effect on the labour industry as well.