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TEAM Tourism Business Survey 2020 PDF
TEAM Tourism Business Survey 2020 PDF
BUSINESS
SURVEY
2020
Unfolding what the Malaysian
tourism player expect in 2020
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Tourism businesses have a significant
impact on Malaysia, making up 7% of the
country economy. However, the direct
effect from lower tourist receipts, as a
result of the Coronavirus (COVID-19)
outbreak, is estimated to result in an
immediate reduction in Malaysia’s gross
domestic product (GDP) growth.
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Tourism industry players such as
hoteliers, travel agents, recreational
and food and beverage businesses
were severely impacted by COVID-
19 and the latest movement control
order (MCO) by the Malaysian
government.
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Disruption to the tourism business is
likely to continue for many months
to come. Therefore, the Tourism
Educators Association of Malaysia
(TEAM) want to understand better
the current tourism business trend,
impact, and business needs from
COVID-19 outbreak.
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This survey assesses the potential impact of Coronavirus
(COVID-19) outbreak to tourism businesses and gauge
the tourism industry resilience and readiness
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Business Profile
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Business Profiles
Type of business
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Business Profiles
Type of respondents
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Business Profiles
Size of business
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Business Profiles
Business location
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Business Performance
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Business Performance
Tell us how your business has performed recently
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Business Performance
Tell us your future expectations of your business performance
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COVID-19 Impact
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COVID-19 Impact
6. They also plan to explore new markets and businesses to stay afloat and
reduce operational costs.
7. They consider changing their operation model, think about opportunities to
drive innovation and venture into collaborative opportunities, like mergers
and acquisitions.
8. Most of the industry players also plan to explore new markets and
businesses to stay afloat and reduce operational costs.
9. Startlingly, the majority of the respondent also claimed that they would
take no action, as they are expecting the COVID-19 issues to ease off
within the next few months.
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COVID-19 Impact
Impact on Business
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COVID-19 Impact
Impact on Human Resource Management
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COVID-19 Impact
Impact on business sales
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COVID-19 Impact
Business decision to absorb the impact of COVID-19
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Government Assistance
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Government Assistance
Awareness on the financial measures offered by the government
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Government Assistance
Financial measures application
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Government Assistance
Financial measures application (based on type of business)
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Government Assistance
Is it sufficient?
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Government Assistance
Is it sufficient? (based on type of business)
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Government Assistance
Other type of support businesses needs to mitigate the impact of COVID-19
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Recommendation
The government need to provide continuous guidance and
support for recovery measures for the private and public
tourism sector, including organizers of tourism events and fairs.
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Conclusion
COVID-19 showed that hospitality and tourism
players need to be flexible amid the pandemic
and economic uncertainties. Besides, a COVID-
19-style outbreak is very likely to occur again.
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