Economic Impact of COVID-19 on the Tourism Industry

Introduction:

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Results and Discussion:

Part I – Personal and Institutional Profile

Background of Name of Bar Name of Name of Catering Name of Travel

Respondents Restaurant Services Agency
(Gateway
(TIKI Bar) (Lantaw) (Yum’Cha) Travel and
Tours)
1. Name of Respondents Miguel Peňa Anna Cruz Teresita Torres Keith Remollo
2. Age 51 48 49 54
3. Sex Male Female Female Male
4. Marital Status Married Single Single Married
5. Position Owner Manager Suprevisor Manager

Discussion:

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Name of Name of Catering Name of Travel

Institutional Profile Name of Bar Restaurant Services Agency
1. Business/Facility Gateway
Name TIKI Bar Lantaw Yum’Cha Travel and
Tours
2. Address Piapi, Dgte. Piapi, Dgte. Cambagroy, Locsin St.,
City City Dgte.City Dgte.City
3. Type of Industry Bar Restaurant Catering Travel AGency
4. No. of Employees 9 23 27 3
5. Number of years of Reg. – 4 Reg. – 15 Reg. – 4 Reg. – 2
the establishment C/P - 5 C/P - 8 C/P - 8 C/P - 1
operated

Discussion:

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 PART II - Impact of the Pandemic on the Tourism Industry

Gateway
Perceptions on the Pandemic TIKI Bar Lantaw Yum’Cha Travel and
Tours

Effects on Tourism Industry

Development
1. Decrease in profits 5 4 3 4
2. Balance of income and expenditures 3 5 4 5
3. Possible job losses 4 4 4 3
4. Leading to serious difficulties in
5 3 5 4
business operations
5. Low employee productivity 5 5 4 5

Industry Growth
1. Prepare business continuity plan 4 3 4 4
2. Implement cost reductions 3 5 5 5

3. Provide new opportunities for

4 3 4 4
development

Industry Production and Operation

1. Temporarily stop offering
products/services due to current 5 3 4 3
restrictions
2. Temporarily stop offering
products/services due to the lack of 3 5 5 5
demand
3. Reduce the level of operation hours 5 3 5 4

Discussion

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 Gateway
Economic Impact of the Pandemic TIKI Bar Lantaw Yum’Cha Travel and
Tours

Reasons for the suspension of

operation
1. Shortage of supplies and materials 5 4 3 4
needed
2. Unexpected impact of the pandemic 3 5 4 5

3. Postponements and cancellation of 4 4 4 3

bookings/events
4. Difficulty in attracting customers 5 3 5 4

Operating pressure
1. Employee benefits, salaries and 4 3 4 4
insurances
2. Rent (Building, Equipment) 3 5 5 5
3. Repayment of loans 4 3 4 4
4. Payment of accounts payable 3 5 5 5
5. Shortage of supplies and materials 3 5 5 5
6. Excess inventory 4 3 4 4

Supplier Situations
1. Total disruption of supply 4 3 4 4
2. Supply shortage 3 5 5 5
3. Supply barely maintains production 4 3 4 4
4. Limited access to supply 3 5 5 5
Financial Situations
1. Cash flow shortage 4 3 4 4
2. Applied for financing/loans 3 5 5 5
3. Delaying payment of accounts 4 3 4 4
receivable
4. Cutting pay and jobs 4 3 4 4

Government Policies
1. Tax incentives 4 3 4 4
2. Provide wage subsidies 3 5 5 5
3. Allow firms to implement a staged 4 3 4 4
flexible salary method
4. Provide subsidies for rent, utilities, 4 3 4 4
post stabilization, etc.
5. Amnesty on payables/obligations 3 5 5 5

Discussion
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 Gateway
Actions Taken during Pandemic TIKI Bar Lantaw Yum’Cha Travel and
Tours

Employee Solutions
1. Reduced the employee's headcount to 5 4 3 4
save on cost.
2. Flexible working schedule for the
3 5 4 5
employee
3. Reductions in working hours and
4 4 4 3
wages

Technological Innovations
1. Transform into e-commerce 4 3 4 4
2. Focus on online events (use of digital
3 5 5 5
platform)
3. Outsourcing collaboration with 4 3 4 4
outsource delivery service

Positive Impact of Pandemic

1. Promote the establishment of remote
4 3 4 4
office work
2. Enhance information and digital
3 5 5 5
construction
3. Help to better realize shortcomings 4 3 4 4
and solve existing problems.
4. Improve Internet Connectivity 3 5 5 5
5. Improve Environmental Sustainability 4 3 4 4

Discussion

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Summary of Findings

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Conclusions

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Recommendation

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References

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