CATALYST

CATALYST is about pivotal moments that shape business and the global economy. We tap into the expertise of Temple University’s Fox School of Business faculty and business community to dig deep into today’s most pressing questions, like: What is the future of work? Will the WTO stop working? Who is winning the global AI race? We decode topics from philosophical and practical standpoints so you, the workforce, can spark change in your field.

https://www.fox.temple.edu/catalyst/

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episode 7: Tourism: Today vs. Tomorrow


COVID-19 has affected just about every industry, including the tourism sector. For instance, in China, hotel occupancy showed a 71% year-over-year decline from January 23-26. In the U.S., there is predicted to be a drop in travel spending of 355 billion U.S. dollars in 2020, a decrease of 31%.

Recovery is going to take considerable time, but thanks to Yang Yang, an associate professor in the School of Sport, Tourism and Hospitality Management at Temple University and assistant director of the U.S.-Asia Center for Tourism and Hospitality Research, we now have a better idea of what that could look like. Yang has created the Covid19Tourism Index, which draws from multiple sources to oversee the recovery process of the national tourism industry in more than 100 countries. He has also conducted research that shows how a voucher model could be beneficial in helping to restart tourism across the globe.

 

Key Links

 

  • Covid19Tourism Index
  • Vouchers could be key for the tourism industry in the post-COVID-19 world
  • Tracking the tourism industry’s recovery… in real-time

 

 

More details at: https://www.fox.temple.edu/catalyst/

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 July 6, 2020  18m