Assessment of influence of management transformations and risk for tourism business

Abstract

The reality of development of tourism business is faced with problems of unsuspected events and unsustainable management issues. This research explores the need to evaluate the types of risk in tourism business sector. The aim of this research is to analyze the situations of local and global business in the area of management transformations in tourism sector. For empirical evaluation of situation the statistical data are analyzed in case study of Egypt tourism sector during the period of 10 years. The models are proposed for application, such as environmentally sustainable tourism planning, adapting roles of tourism stakeholders, integration of private investors, action plans. The results demonstrate the lack of significant sustainable development practices under the conditions of unsuspectability and show interest in this area by needs for further contribution involving triple bottom line of objectives. The some factors are found as risk of political changes, lack of skills, finance etc.