REVIEW

• What are the three steps in the Basic Risk

Management Process?
Learning Outcomes:
NDERSTAND THE DIFFERENT TYPES OF RISK AND HAZARDS IN
THE TOURISM INDUSTRY.

SSESS AND ARRANGE THE LEVEL OF RISK AMONG

THE DIFFERENT HAZARDS BASED ON PRIORITIES

NALYZE THE INSTITUTIONAL CONCEPTS AND IDEOLOGIES

FOR RISK MANAGEMENT IN TOURISM INDUSTRY

ROPOSE A BASIC RISK MANAGEMENT PLAN FOR DIFFERENT

TYPES OF TOURISM HAZARDS
SOURCES OF RISK

E______ D______ F______

P____
S__- C__
L____ P__ D__
ACTUAL HAZARDS

A_ _ _ _ _ _ _ _ _ _ G_________

B_________ H____-I______
INDUSTRY-LEVEL RISKS

HAZARDS ACCIDENTS CRISIS

RISK
CATEGORIES OF CRISES
What Type of Crisis
1.Environmental Am I?
Boeing 747 Plane
2.Societal and Political Crash
3.Technological SARS and Bird-Flu
Epidemics
4.Health-Related Currency Fluctuations
5.Economics Climate Change
ISIS Attacks
Impacts of Hazards and Risks in Tourism

Damage of Tourism Assets

Degradation of Destination’s Image
Indirect Damage

What are the possible effects?

Assess the Risks and Hazards

Loss of
Natural
Death Minor Illness Personal
Disasters
Things

Medical
Terrorism Crime
Ailment
Source: Walker and Page, 2003