SURVIVING THE DOWNTURN-2
SURVIVING THE DOWNTURN -2 Background This is an update on my previous post of April 16 th 2020. By way of a background, I spent many years as a senior risk executive in a large banking group followed by 13 years running my own in-bound tour company. Furthermore, I have published an 800 page book entitled a Visitors’ Guide to Scotland . These experiences provide a useful foundation from which to assess the future of the Scottish tourism industry in context of the current pandemic. Current state of pandemic At time of writing, there are some indications that the U.K. authorities are in control although death rates are still high. The ‘lockdown’ is working, albeit at enormous economic cost. As in many other countries, unemployment is at historic high levels and travel heavily restricted. Impact on tourism businesses From press and other media sources it is evident that many tourism related businesses are suffering and approaching end of their cash toleran...