Study of Financial Crisis Management in Tourism Industry

• Fereshteh Alizadeh Department of Tourism, Faculty of Humanities Sciences, Islamic Azad University Science and Technology, Tehran, Iran
• Mohsen Manna Department of Mechanical Engineering, University of Hormozgan, Qeshm, Iran
• Sara Kashisaz Department of Electronic Engineering, Islamic Azad University Qeshm Branch, Iran
• Maryam Asadollahi Kheirabadi Department of Management, Islamic Azad University Firoozkuh Branch, Tehran, Iran
• Zeinab Basiri Department of Law, Faculty of Humanities Science, Shiraz University, Shiraz, Iran
• Maryam Esmaeilimotlagh Department of Social Communication, Islamic Azad University Yazd Branch, Iran

Abstract

The present paper aims to defining and analyzing crisis in the tourism industry. This paper proposed practical solutions to confront the crisis in tourism industry and used the Failure Mode and Effects Analysis technique via explanatory combinatorial methods. As a result, in order to manage the crisis, the structure of failure should be defined and codified for all processes of tourism system in the first stage. In conclusion, this industry is in need of prediction and systematic planning for probable dangers to maintain the continuation of activity and growth of profitability