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316767

The Impact of Bankruptcy of International Tour Operators on Incoming Tourism to Egypt- A case study of Thomas Cook

Article

Last updated: 28 Dec 2024

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Abstract

Tourism is an essential facet of the global economy and is considered one of the driving forces for socioeconomic growth and job creation. However, the tourism industry is susceptible to crises of varying degrees, which can negatively impact businesses and destinations involved in the sector.  This research aims to study how the bankruptcy of tourism firms, utilizing Egypt as a study context alongside Thomas Cook, affects tourism movement at the destination level. The aim and objectives of the research: Study Aim: To examine the impact of corporate bankruptcy on the tourism industry in Egypt. Objectives: a) To analyze the current state of Egypt's tourism industry and identify key challenges, including the impact of previous corporate bankruptcies. B) To explore the perceptions of key tourism stakeholders in Egypt regarding how corporate bankruptcy impacts tourism operations, activities, and destinations. C) To determine how corporate bankruptcy crises influence tourist visitation. Research Methodology: Conceptual methodology: The research is based on secondary resources and foreign references. Literature review on theories related to crisis management, resilience, and corporate bankruptcy. Empirical methodology: The research instrument employed an experimental analysis. The first section consisted of demographic queries eliciting respondents' fundamental attribute data, including gender, age, occupational status, educational attainment, prior engagement with tour companies, and degree of international travel experience. The subsequent two parts comprised scenario-based experimental conditions featuring two scenarios. The purpose of the scenarios was to gauge the impacts of the insolvency of Thomas Cook on respondents' travel intentions, perceptions, and consumer confidence.

DOI

10.21608/hiss.2023.316767

Keywords

crisis, Crisis Management, bankruptcy, Thomas Cook

Authors

First Name

إسراء شريف محمود

Last Name

الجزار

MiddleName

-

Affiliation

معيد بمعهد الفراعنه العالي للسياحه والفنادق

Email

esraasherif128@yahoo.com

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Orcid

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Volume

3

Article Issue

10

Related Issue

43381

Issue Date

2023-07-01

Receive Date

2023-09-09

Publish Date

2023-07-01

Page Start

2,169

Page End

2,200

Print ISSN

2786-0256

Online ISSN

2786-0264

Link

https://hiss.journals.ekb.eg/article_316767.html

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https://hiss.journals.ekb.eg/service?article_code=316767

Order

316,767

Type

البحوث والدِّراسات.

Type Code

1,961

Publication Type

Journal

Publication Title

مجلة المعهد العالي للدراسات النوعية

Publication Link

https://hiss.journals.ekb.eg/

MainTitle

The Impact of Bankruptcy of International Tour Operators on Incoming Tourism to Egypt- A case study of Thomas Cook

Details

Type

Article

Created At

28 Dec 2024