Description
Title: Vietnam’s Experience with the COVID-19 Pandemic and Its Effects on Tourism Business
Abstract: Global tourism has been largely decimated by the COVID-19 pandemic, and the recovery of tourist destinations in developing nations has been put in jeopardy as a result of the pandemic’s increasingly dangerous waves. Although many studies have attempted to measure the general effects of COVID-19, very little research has been done to evaluate its overall impact over many waves of the pandemic on specific tourist destinations. This study aims to investigate the effects of multiple COVID-19 waves on the tourism industry in developing nations. As a case study, a typical emerging city in Vietnam that had experienced three waves of the COVID-19 pandemic was chosen. In-depth interviews with 40 representatives of tourism-related organizations were conducted as part of the study, and 280 questionnaires were given to participants from various tourism organizations. The results show that the majority of the case study’s tourism-related businesses suffered significantly from the pandemic, and very few of these businesses were able to rebound after the initial wave of infection. Sadly, after the third wave, it was discovered that the tourism business sectors were either facing permanent closure or bankruptcy. Although the degree of the downturn varied among the examined enterprises, all tourism enterprises appeared to have experienced a sharp decline in the number of customers, tourism revenue, service facilities and exploitation, as well as employee downsizing. In terms of economic losses among tourism-related businesses, travel agencies and the lodging industry came out on top when compared to other stakeholders. In general, the impact of the COVID-19 pandemic on the tourism industry in Vietnam is a major concern, which may necessitate a prompt response in economic policy and financial plan to better assist local businesses in overcoming the difficulties during post-pandemic recovery.
Keywords: COVID-19; pandemic; tourism; impact; Vietnam
Paper Quality: SCOPUS / Web of Science Level Research Paper
Subject: Economics
Writer Experience: 20+ Years
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