Risk treatment in tourism businesses

Paraskevas, Alexandros ORCID: https://orcid.org/0000-0003-1556-5293 (2022) Risk treatment in tourism businesses. In: Encyclopedia of Tourism Management and Marketing. Edward Elgar Publishing, Cheltenham, UK. ISBN 9781800377479 (In Press)

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Abstract

Risk treatment in travel and tourism is the process in which organisations, destinations and tourism businesses identify, select, and deploy measures that aim to influence the likelihood of occurrence or the impact of a risk. This process follows the stage of risk assessment in the risk management cycle. All risks do not carry the same prospect of loss or damage and, in some cases, taking a risk may lead to considerable rewards. In general, the risk treatment strategies available to the management of an organisation are classified into four broad groups: Avoidance; Mitigation; Acceptance; and Transfer (AMAT).

Item Type: Book Section
Uncontrolled Keywords: risk treatment, risk acceptance, risk mitigation, risk avoidance, risk transfer
Subjects: Hospitality and tourism > Hospitality > Risk and reputation management
Hospitality and tourism
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Depositing User: Alexandros Paraskevas
Date Deposited: 07 Jun 2021 09:32
Last Modified: 08 Jun 2021 15:05
URI: http://repository.uwl.ac.uk/id/eprint/7938

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