Risk Management in the Light of Travel Agencies Activity in Egypt

Nermeen El Shahat Nasr

Abstract


Risks are very common in the travel and tourism. Risk is the Possibility of suffering loss and the impact on the involved parties. As a result, tourism risk management methods must be built into the management of risk and should be used throughout the tourism
business lifecycle. The present study examines the factors affecting the risk management of the travel agencies to determinate the key elements (factors ) of tourism risks which are endemic to
the travel and tourism Travel and Tourism industry in today's growing global context, with particular reference to the Egyptian context. It also seeks to determine whether factors of the industry rate the importance of risks differently and explained how it can be affected by the modification of any component and to emphasize the importance of risk management processes for sustainable tourism.
The general methodology of it relies largely on the survey questionnaire which was collected from travel agencies. Thorough literature review has been conducted to identify the risk factors that affect the performance of the (T&T) industry as a whole. The
questionnaire were distributed and 295 responded.
To identify the factors influencing on the risk management, exploratory factor analysis has been used in SPSS software. The data were analysed by descriptive statistics and ANOVA. The findings reveal that the political, operational, economic, competitive, circumstances and environmental factors, local risk, image risk and business risks impact the risk management of the travel agencies.
Key words: Risk factor; Risk management, Risk management methods, sustainable performance, Factor analyses.

Keywords


Risk factor; Risk management, Risk management methods, sustainable performance, Factor analyses.

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