COVID-19 Crisis Management on the Example of Hospitality Industry Enterprise in Latvia

The main problem, facing the whole hospitality industry nowadays, is COVID-19 pandemic and its sequences. During the pandemic many hotels closed their doors and some of them will be no longer reopen. Majority of hospitality industry employees lost their jobs, profits have fallen. This research is co...

Full description

Bibliographic Details
Main Authors: Koryuhina Catherine, Shamshina Tatyana, Riashchenko Viktoriia, Gryshova Inna Yu.
Format: Article
Language:English
Published: PH "INZHEK" 2022-03-01
Series:Problemi Ekonomiki
Subjects:
Online Access:https://www.problecon.com/export_pdf/problems-of-economy-2022-1_0-pages-83_92.pdf
_version_ 1827363692329566208
author Koryuhina Catherine
Shamshina Tatyana
Riashchenko Viktoriia
Gryshova Inna Yu.
author_facet Koryuhina Catherine
Shamshina Tatyana
Riashchenko Viktoriia
Gryshova Inna Yu.
author_sort Koryuhina Catherine
collection DOAJ
description The main problem, facing the whole hospitality industry nowadays, is COVID-19 pandemic and its sequences. During the pandemic many hotels closed their doors and some of them will be no longer reopen. Majority of hospitality industry employees lost their jobs, profits have fallen. This research is conducted to analyze the strategy that one of the well-known Latvian hotels Pullman Riga Old Town has realized in response of COVID-19 crisis towards its stakeholders. The research is aimed at elaborating ways that should assist an enterprise at its efforts to overcome the difficulties caused by the COVID-19 and providing suggestions about coping with the crisis. The authors have analyzed the crisis phenomena as well as conceptual foundations of anti-crisis management, taking into account the current situation in the hospitality industry of Latvia in the context of the crisis caused by COVID-19 in general and Pullman Riga Old Town hotel in particular. The study was conducted from 1st of April 2020 to 17th of October 2020. The authors were using methods of data analysis, such as: analysis of theoretical sources, collection and synthesis of statistical data, interviews with specialists
first_indexed 2024-03-08T07:53:51Z
format Article
id doaj.art-810dc42dd57047209971bba6eda75d92
institution Directory Open Access Journal
issn 2222-0712
2311-1186
language English
last_indexed 2024-03-08T07:53:51Z
publishDate 2022-03-01
publisher PH "INZHEK"
record_format Article
series Problemi Ekonomiki
spelling doaj.art-810dc42dd57047209971bba6eda75d922024-02-02T14:27:03ZengPH "INZHEK"Problemi Ekonomiki2222-07122311-11862022-03-01151839210.32983/2222-0712-2022-1-83-92COVID-19 Crisis Management on the Example of Hospitality Industry Enterprise in Latvia Koryuhina CatherineShamshina Tatyana0Riashchenko Viktoriia1https://orcid.org/0000-0003-1783-3079Gryshova Inna Yu.2https://orcid.org/0000-0001-6276-7619ISMA University of Applied SciencesISMA University of Applied SciencesJiangsu Normal UniversityThe main problem, facing the whole hospitality industry nowadays, is COVID-19 pandemic and its sequences. During the pandemic many hotels closed their doors and some of them will be no longer reopen. Majority of hospitality industry employees lost their jobs, profits have fallen. This research is conducted to analyze the strategy that one of the well-known Latvian hotels Pullman Riga Old Town has realized in response of COVID-19 crisis towards its stakeholders. The research is aimed at elaborating ways that should assist an enterprise at its efforts to overcome the difficulties caused by the COVID-19 and providing suggestions about coping with the crisis. The authors have analyzed the crisis phenomena as well as conceptual foundations of anti-crisis management, taking into account the current situation in the hospitality industry of Latvia in the context of the crisis caused by COVID-19 in general and Pullman Riga Old Town hotel in particular. The study was conducted from 1st of April 2020 to 17th of October 2020. The authors were using methods of data analysis, such as: analysis of theoretical sources, collection and synthesis of statistical data, interviews with specialistshttps://www.problecon.com/export_pdf/problems-of-economy-2022-1_0-pages-83_92.pdfcrisiscovid-19crisis managementhospitality industry enterprise
spellingShingle Koryuhina Catherine
Shamshina Tatyana
Riashchenko Viktoriia
Gryshova Inna Yu.
COVID-19 Crisis Management on the Example of Hospitality Industry Enterprise in Latvia
Problemi Ekonomiki
crisis
covid-19
crisis management
hospitality industry enterprise
title COVID-19 Crisis Management on the Example of Hospitality Industry Enterprise in Latvia
title_full COVID-19 Crisis Management on the Example of Hospitality Industry Enterprise in Latvia
title_fullStr COVID-19 Crisis Management on the Example of Hospitality Industry Enterprise in Latvia
title_full_unstemmed COVID-19 Crisis Management on the Example of Hospitality Industry Enterprise in Latvia
title_short COVID-19 Crisis Management on the Example of Hospitality Industry Enterprise in Latvia
title_sort covid 19 crisis management on the example of hospitality industry enterprise in latvia
topic crisis
covid-19
crisis management
hospitality industry enterprise
url https://www.problecon.com/export_pdf/problems-of-economy-2022-1_0-pages-83_92.pdf
work_keys_str_mv AT koryuhinacatherine covid19crisismanagementontheexampleofhospitalityindustryenterpriseinlatvia
AT shamshinatatyana covid19crisismanagementontheexampleofhospitalityindustryenterpriseinlatvia
AT riashchenkoviktoriia covid19crisismanagementontheexampleofhospitalityindustryenterpriseinlatvia
AT gryshovainnayu covid19crisismanagementontheexampleofhospitalityindustryenterpriseinlatvia