Professional Documents
Culture Documents
Managing A Successful Business Project: Unit 6
Managing A Successful Business Project: Unit 6
Managing a
Successful
Business Project
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1. A Study on Post-COVID'19 Revival of the Tourism Sector and its Impact on the
Airline Industry. (Qatar Airways)
1.1 LO-1: Project Plan/Proposal
1.1.1 Rationale
The COVID-19 pandemic has had a devastating effect on the global economy, and the tourism and airline
industries have been among the hardest hit. The tourism industry, which is a major source of income for
many countries and a major employer, has been brought to a standstill by the pandemic. The airline industry,
which is closely tied to the tourism sector, has also been greatly impacted, with many airlines having to
reduce their operations and even stop their services completely. (Nagraj, 2020)
Given the importance of these industries, it is crucial to understand the potential for their revival post-
pandemic and the impact this may have on the airline industry. The topic "A Study on Post-COVID'19
Revival of the Tourism Sector and its Impact on the Airline Industry" is therefore a relevant area of research.
This study can provide valuable insights into the economic and social factors that are driving the revival of
the tourism sector and the ways in which this revival is likely to impact the airline industry. For example, the
researcher may explore the impact of government policies, consumer confidence, and technological
advancements on the revival of the tourism sector. Additionally, the study can also examine the role of the
airline industry in supporting the revival of the tourism sector and the ways in which airlines can adapt to
changing consumer preferences and expectations. Furthermore, the findings of this research can inform
policy makers and provide them with evidence-based recommendations on how to support the revival of the
tourism sector and the airline industry. This is important as these industries play a critical role in the
economy and the livelihoods of millions of people.
1.1.2 Objectives
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To examine the impact of the COVID-19 pandemic on the tourism sector and the airline industry.
To identify the factors that are driving the revival of the tourism sector post-pandemic.
To understand the role of the airline industry in supporting the revival of the tourism sector.
To identify the challenges faced by the airline industry in adapting to the changing consumer
preferences and expectations post-pandemic.
To assess the strategies for the revival of both the industries and their effectiveness.
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Not many costs will be incurred as there will not be any external parties such as professionals to assist with
the data analysis.
Introduction
Review of
Literature
Methodology
Findings and
Results
Conclusions and
Recommendatio
ns
Reflections
Project
Project Plan: Project Primary and Monitor and control Project review and
Scope, Objectives, Schedule Secondary Data project progress and outputs
Deliverables, collection quality
Resources and Potential Risks Findings,
Limitations and Mitigation Data Analysis Manage changes and Reccomendations
Strategies issues and Conclusion
Execute project
Literature plan and Risk Management
Review deliverables
Methodology
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Sl.No Nature of risk Description Likelihood Impact Mitigation Strategy
of the if the
occurrence risk
of risk occurs
1. Uncertainty of With the pandemic still going Medium High Tourism and airline
consumer on (even if it is with low companies can use
demand severity), consumer market research and
confidence in travel may be consumer data to
low, leading to reduced understand changing
demand for tourism and air demand patterns, and
travel services. adapt their offerings and
pricing strategies
accordingly. Companies
can also implement
flexible booking and
cancellation policies to
increase consumer
confidence.
2. Health and With travelers concerned Medium High Companies must invest in
Safety about the risk of infection, health and safety
many may be hesitant to measures such as
travel by air or stay in hotels. increased cleaning and
sanitization protocols,
mandatory masks, and
temperature checks.
Companies can also use
technology such as
contactless check-in and
payment systems to
minimize physical
contact.
3. Economic As unemployment rates rise High High Companies can focus on
instability and consumer spending cost-cutting measures
decreases, many consumers such as terminating
may be hesitant to travel, employees, optimizing
resulting in reduced demand routes, and reducing fuel
for travel services. consumption. Companies
Additionally, the economic can diversify revenue
uncertainty may lead to a streams by exploring new
decline in investment in the markets, product
sector. offerings, and customer
segments. For example,
companies can target
budget-conscious
travelers, offer packaged
tours, or expand into new
regions. Companies can
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also collaborate with
other companies in the
tourism and airline
industry to reduce costs,
increase efficiencies, and
access new markets.
4. Changes in Travel restrictions and High High Companies can closely
travel quarantine measures monitor travel restrictions
regulations implemented by various and quarantine measures,
countries to control the spread and adapt their operations
of the virus may continue to accordingly. They can
impact the tourism and airline also work with
industry, causing disruptions government agencies and
and affecting consumer industry organizations to
demand. advocate for consistent
and predictable travel
regulations.
5. Competition The pandemic has caused a Medium Mediu Companies can focus on
significant decrease in m differentiation and
demand for travel and tourism innovation to stand out
services, leading to increased from competitors. They
competition among can also collaborate with
companies in the industry. other companies in the
industry to reduce costs
and increase efficiencies.
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