Ali, Rashid Abdalla
(2013)
The impact of World Financial Crisis on Hotel Industry in Zanzibar.
Masters thesis, The Open University of Tanzania.
Abstract
Hotel industry (HI) is catalyst on Zanzibar economy with mutual support with
indigenous. Hotel Industries faced problem of World Financial Crisis (WFC) after
failure of several large Western countries based financial firms. Most of Hotel
Industries customers come from Western countries which are suffering from World
Financial Crisis. Tourism is one among big economic sector in Zanzibar hence
World Financial Crisis affect much due tourists trips cancellation. The objective of
this research is to examine the impact of World Financial Crisis on Hotel Industries
in Zanzibar. Research areas are tourists attraction places and institutions that direct
deals with tourism, The study design was descriptive, research approach was
qualitative and quantitative, sampling procedure was simple random and purposive
sampling, 21 respondents were contacted. Data collection methods used were
documentary review, self-administered questionnaires with respective interviews.
Findings of this study reveals impact of World Financial Crisis as low employment
level on Hotel Industries, that organizations compelled to give their employees leave
without pay and postponed hiring new workers. ZRB show revenue collection report
in the year 2008/2009 falls, tourist travel cancellation that results less customers in
Hotel Industries. Hotel Industries contributed largely to government and private
companies to pay attention to infrastructure not only to facilitate easier transport to
natives but also improving tourism sector in the country. The study recommended
that there must be good policy for sustainability of the tourism the government of
Zanzibar should know that Hotel Industries is solution of some socio-economic
development.
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