Topic: Analyze the impact of the COVID 19 pandemic crisis on the UK tourism sector
You can write with or without headings - whichever you are more comfortable with. Your discussion should cover the following issues:
- Provide an overview of the UK tourism sector
- Discuss the contribution of the tourism sector to the UK and the World economy (provide some relevant data, graph in support)
- Discussion of UK's BoP current account - main trade partners, main exports and imports, balance of trade etc.
- Discuss UK's export and import of tourism services
- Discussion of UK's BoP financial account - tourism inward and outward investment flows
- Discussion of UK's areas of competiveness (underpinned by relevant theory)
- Discuss how the current pandemic crisis impacting the UK tourism sector (provide some facts and figures to support your arguments)
- Discussion of WTO global rules of trade and how they will impact the areas of competitiveness identified previously
- Discussion of the post-Brexit sterling exchange rate, its relatively recent past evolution and how it affected UK's tourism
- Make some feasible recommendations on how UK's tourism sector overcome the current challenges due to the pandemic