Geopolitical instability, including terrorism and cybersecurity, has significant implications for business in Travel & Tourism.
Resources and strategies are needed to implement sufficient response procedures for specific incidents as well as the implementation of heightened security regulations.
Destinations are also affected as traveller preferences change and migration caused by geopolitical instability impacts local infrastructure.
Safety and security preparedness and response
As security emergencies including terrorism, natural disasters, and civil unrest disrupt tourism operations at destinations, Travel & Tourism companies will need to have adequate procedures to respond to emergencies, including implementing procedures to coordinate with all levels of government law enforcement bodies.
Implementing and responding to changing border security protocols and regulation
Geopolitical instability requires companies to adapt to and implement new regulatory requirements related to increased security around travel, and communicate these to customers.
Cybersecurity and the quality and robustness of customer data privacy
Data privacy breaches and cybersecurity pose both significant operational and reputational risks.
Mass migration impacting destinations and travel infrastructure
The implications of mass migration and refugees on host states’ tourism destinations and travel infrastructure