Impact of Covid-19 on UK Hospitality Businesses Assignment Sample

Introduction Of The Impact Of Covid-19 On The Hospitality Business In The UK Assignment

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Covid-19 has had a serious impact on the business of various hospitalities around the UK. Consumers had to look after their health very seriously as the deadly virus could infect even a healthy person. A person having low immunity could be infected very easily because Covid-19 was a communicable disease that had the ability to spread from person to person very easily. People needed to improve their immunity in order to stay fit.

• Covid-19 has had a positive impact on the hospitality business in the UK.
• Consumers were forced to spend more on their health care in order to protect themselves from the deadly virus.

Background

• The data of (HMRC) presented in the month of April 2020, around 1,650,000 of total employees working were on furlough (Commonslibrary.parliament.uk, 2022).
• During the course of the pandemic, various hospitality sectors adapted to different changes that were necessary due to Covid-19 rules and regulations (Blake et al. 2020).

The data collected from HM Revenue as well as Customs included that just under 1,650,000 number of employees were seen to have taken leaves from the working sector for a long time because the business seemed to have stopped for some time due to Covid-19 restrictions. Rules and regulations changed from time to time which meant all the hospitalities needed to adapt to the required changes.

• Spending of Consumer on hospitality business was seen to increase in 2021, but this stayed at less than 70% of recent situation (Ons.gov.uk, 2020).
• There were seen to be a lot of job vacancies in the hospitality sector. This increased even more compared to the pre-pandemic levels. The total employees within this business remained below 11% compared to 2020 (Hetherington et al. 2020).

Consumers who had low immunity levels had a high risk of getting affected by Covid-19. pandemic was a disease that spread from people. Therefore in order to protect themselves people had to spend more on improving their immunity power. Job vacancies were also created due to the stressful working environment due to Covid-19 restrictions.

Context of study

• It is important to analyze the impact created on different hospitalities around the UK. Through this analysis, it will become easy to point out issues and thereby solve them.
• The hospitality business strategy changed from time to time during the course of the pandemic. It is important to analyze those strategies so that they can be implemented in a better way (Rimmer, 2020).

Different hospitalities around the UK face different issues from time to time during the course of the pandemic. These issues may include furloughing of employees which creates a void gap in the number of employees during a time of need or a critical situation as most of the employees tend to stay on leave.

Research rationale

• Few people were going out and the number of employees in the hospitalities was reduced during the crisis. This also affected the economy of various hospitalities around the UK.
• The reduced number of working professionals meant that too much workload was on the professionals who were then working in the hospitalities (White and Van Der Boor, 2020).

Economic downfall meant that hospitalities could not serve the patients efficiently thereby increasing the risk of proper treatment for the individuals. The reduced number of working professionals made a lot of job vacancies in the hospitality industry. It is difficult to find skilled working professionals easily in the market. A lot of procedure is required to hire skilled employees in the hospitality which again will take a lot of time to achieve.

• Economic damage meant that there will be a shortage of proper medical supplies in the hospitality (Smith et al. 2020).
• Maintain social distancing and stay at their home in order to reduce the spread of the disease and reduce the number of people getting infected with Covid-19.

Economic damage would also mean that there will be no proper supply of medicines and medical equipment for the hospitality which may be critical for the survival of an individual. This study shows that it is very important to handle critical situations carefully so that there is no major damage in the near future

• It also shows that it is very important to have a backup plan ready so that the critical situation can be handled efficiently.
• Job vacancies have been created due to the resignation of different employees during the pandemic (Sugand et al. 2020).

Skilled people in the market are very rare, so it will be a long and lengthy process that can be hired in order to work for different hospitalities around the UK. This will result in a slowing down of work in the hospitalities .

Aim of study

• This study mainly aims to discuss the various impacts of pandemic on the business sector in terms of business.
• This study also aims to discuss various factors that can affect the business of various hospitalities around the UK.

Hospitalities in the UK are mainly seen to have a positive impact on business terms. It is because people need to spend more on their health so as to protect themselves from the deadly virus called Covid-19. Various factors can affect the business due to Covid-19, it also aims to analyze the impact of those factors on the profit of the hospitality business.

Research questions

• What are the factors affecting hospitality businesses across the UK during Covid 19?
• What are the impacts of this pandemic situation on the business performance of the hospitality industry?

Factors like the economy are a big factor that affects the business of the UK during the pandemic pandemic situation. Lack of proper medical supply is the effect of the poor economic condition this also leads to greater risks while handling a patient in the hospital. Due to the Covid-19 crisis, many employees resigned from their posts, this left a massive gap in the availability of skilled working professionals. Business performance also gets affected because of the Covid-19 pandemic as very few individuals are not economically strong to handle the expenses.

Literature review Various Factors Of Covid-19 Affect The Business

Factors of covid 19 affecting hospitality business

• Various factors of Covid-19 affect the business of various hospitalities around the UK, one of those factors includes the economic output in April 2020, (Commonslibrary.parliament.uk, 2022).
• The availability of the labor market is another important factor of Covid-19 that affects the business of various hospitality businesses around the UK (Rizan et al. 2021).

The peak economic fall of the hospitality sector was recorded which was below 90% of pre-pandemic levels. The hospitality sector had seen the biggest economic declines in all sectors during the course of the pandemic. Economic output in 2020 was seen to be 42% lower than that of 2019. The number of workers in the sector also fell by 90000 during the course of the pandemic.

Impact of these factors on business profitability

• The economic output of various hospitalities in the UK saw a major decline in the overall economic output as 42% of the economy was lower compared to the previous year in 2019 (Commonslibrary.parliament.uk, 2022).
• The industry share of the UK dropped from 3% to 2%.

Due to the overall crisis of the economy in the UK, the hospitalities ' economic output also went down considerably up to 42%. This is quite a big percentage when it comes to the overall economic growth of the hospitality industry. The hospitality share also dipped from 3% to 2% in 2020 and 2021.

Theoretical paradigm

• Classical management theories are used in the hospitality business that is also divided into two parts Scientific management theory and Administrative management theory (Akudjedu et al. 2020).
• Behavioral management theory is another management theory that is used in the hospitality business to improve the business during the period of the Covid-19 pandemic.

According to scientific theory different scientific processes can be followed in order to improve the business of various hospitalities around the UK. Behavioral theory can be used to make changes in perspectives to improve business strategy in hospitalities .

Implementation of project

• Different theories mentioned in the study can be used in the future to handle similar situations (Fersia et al. 2020).
• Different factors mentioned in this study can be implemented in the future if a similar situation arises.

Theories like Classical management theory and Behavioral management theory can be applied in order to handle similar crisis situation in the future effectively. These theories can be useful of the management during the implementation of the project

• Different factors like economic factors play a vital role in maintaining the business of different hospitalities around the UK.
• Other than these theories mentioned in the study Theory X and Theory Y can also be used to maintain the business of hospitalities around the UK.

Economic issues are also having a deep impact on the implementation of the project in recent time.

Conclusion

• This study clearly depicts the impact of Covid-19 on various hospitality businesses in the UK. The impact is clearly visible in the economic growth of the various hospitalities around the UK.
• This also discusses various factors due to Covid-19 that affect the business of different hospitalities .

It is important to analyze those factors and use different theories like classical theory and Behavioral theory to help improve the business of different hospitalities in the UK. Covid-19 put a massive impact on terms of the economy which is required to be solved in order to handle similar situations in the near future.

References

Journals

Akudjedu, T.N., Lawal, O., Sharma, M., Elliott, J., Stewart, S., Gilleece, T., McFadden, S. and Franklin, J.M., 2020. Impact of the COVID-19 pandemic on radiography practice: findings from a UK radiography workforce survey. BJR| Open, 2, p.20200023.

Blake, H., Bermingham, F., Johnson, G. and Tabner, A., 2020. Mitigating the psychological impact of COVID-19 on healthcare workers: a digital learning package. International journal of environmental research and public health, 17(9), p.2997.

Fersia, O., Bryant, S., Nicholson, R., McMeeken, K., Brown, C., Donaldson, B., Jardine, A., Grierson, V., Whalen, V. and Mackay, A., 2020. The impact of the COVID-19 pandemic on cardiology services. Open Heart, 7(2), p.e001359.

Hetherington, L., Johnston, B., Kotronoulas, G., Finlay, F., Keeley, P. and McKeown, A., 2020. COVID-19 and Hospitality Palliative Care–A service evaluation exploring the symptoms and outcomes of 186 patients and the impact of the pandemic on specialist Hospitality Palliative Care. Palliative Medicine, 34(9), pp.1256-1262.

Rimmer, A., 2020. Covid-19: Disproportionate impact on ethnic minority healthcare workers will be explored by government.

Rizan, C., Reed, M. and Bhutta, M.F., 2021. Environmental impact of personal protective equipment distributed for use by health and social care services in England in the first six months of the COVID-19 pandemic. Journal of the Royal Society of Medicine, 114(5), pp.250-263.

Smith, K., Bhui, K. and Cipriani, A., 2020. COVID-19, mental health and ethnic minorities. Evidence-Based Mental Health, 23(3), pp.89-90.

Sugand, K., Park, C., Morgan, C., Dyke, R., Aframian, A., Hulme, A., Evans, S., Sarraf, K.M., Baker, C., Bennett-Brown, K. and Simon, H., 2020. Impact of the COVID-19 pandemic on paediatric orthopaedic trauma workload in central London: a multi-centre longitudinal observational study over the “golden weeks” The COVid Emergency Related Trauma and orthopaedics (COVERT) Collaborative. Acta Orthopaedica, 91(6), pp.633-638.

Wanigasooriya, K., Palimar, P., Naumann, D.N., Ismail, K., Fellows, J.L., Logan, P., Thompson, C.V., Bermingham, H., Beggs, A.D. and Ismail, T., 2021. Mental health symptoms in a cohort of hospitality healthcare workers following the first peak of the COVID-19 pandemic in the UK. BJPsych open, 7(1).

White, R.G. and Van Der Boor, C., 2020. Impact of the COVID-19 pandemic and initial period of lockdown on the mental health and well-being of adults in the UK. BJPsych open, 6(5).

Websites

Commonslibrary.parliament.uk, (2022), Hospitality industry and Covid-19 Available at:

https://commonslibrary.parliament.uk/research-briefings/cbp-9111/ [Accessed on: 9th November 2022]

Ons.gov.uk, (2020), Coronavirus and its impact on UK hospitality, Available at:https://www.ons.gov.uk/businessindustryandtrade/business/activitysizeandlocation/articles/coronavirusanditsimpactonukhospitality/january2020tojune2021 [Accessed on: 9th November 2022]