Developing Tourism Amidst Economic Slowdown and Terror Attacks

Abstract

Tourism as an important global activity is as old as human civilization. Its manifold influence on the functioning of economic systems needs no emphasis. However, tourism is affected by a wide range of variables. Global economic slowdown and growing terrorism standout to be highly significant in the growth and sustenance of tourism both global as well as domestic. Travel industry as a whole is confronted by changing economic situation and outbreak of terror incidents. Tourists disposition towards travel and business strategies emerge as vital areas of concern for all stakeholders during such crises, as tourism is not just an economic activity alone but a tool to integrate people of various regions emotionally. Cutting edge research with clear cut objectives which could contribute to tourism industry and academics by addressing global economic slowdown and terrorism is the need of the hour. Accordingly, this paper attempts to examine impact of slowdown and terrorism on tourism and suggest methods to bail out the industry from the present state of turmoil. Key words: Economic Slowdown; Innovative Business Models; conventional economic analysis

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