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Bounce Back - Pacific Asia Travel Association Thailand Chapter

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Key Risks to Tourism and Tourism Enterprises<br />

Risk Category<br />

Economic<br />

Health Related<br />

Psychological/<br />

emotional<br />

Environmental<br />

Financial<br />

Human<br />

Natural hazards<br />

Occupational health<br />

and safety<br />

Product Deficiencies<br />

Property damage<br />

Professional Liability<br />

Public Liability<br />

Security<br />

Technological<br />

Example<br />

Currency fluctuations, economic downturn, increase in interest rates.<br />

Epidemics, Pandemics<br />

Negative images and perceptions wich may have resulted from<br />

bad publicity, negative experiences from clients / visitors, malicious<br />

propaganda.<br />

Damage to environment through natural causes or through human<br />

pollution.<br />

Overpricing, fraud, embezzlement, dispute over the contractual<br />

agreement between supplier and consumer.<br />

Riots, political instability, terrorism, war, crime waves, sevice error,<br />

industrial action.<br />

Earthquakes, Volcano, Stroms, and climatic related issues, forest fire,<br />

tsunami<br />

inadequate safety measures, poor safety management, inadequate<br />

sanitation, poor water quality.<br />

Building and engineering design failure, mechanical breakdown in<br />

aircraft and transport, no delivery of services.<br />

Loss, injury and death due to design and construction faults<br />

Failure in professional advice, negligence, misrepresentaion, failure to<br />

deliver contracted services<br />

Danger to people who are on the property of the business<br />

Vandalism, theft, terrorism, vuluerable computer and data systems. lack<br />

of protection for staff, guests and clients and attendees of events<br />

Airline, car, bus, vehicle or train crashes due to poor maintenance, failure<br />

of obsolete technology resulting in sercice failure, failure of computer<br />

systems and either loss, theft or corruption of data.<br />

The above risks are far from a comprehensive outline of the risks which can<br />

impact an tourism destinations and business but they indicated a representative<br />

range of risks which apply to the tourism industry.<br />

8 <strong>Bounce</strong> <strong>Back</strong>

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