History The Great Depression Questions
The Great Depression had a significant impact on the tourism and hospitality industry. During this time, people faced financial hardships and had limited disposable income, leading to a decrease in travel and tourism activities. Many individuals could no longer afford vacations or leisure activities, resulting in a decline in the number of tourists and visitors to hotels, resorts, and other hospitality establishments. As a result, numerous hotels and restaurants were forced to close down, leading to high unemployment rates within the industry. Additionally, the lack of demand for travel and tourism services led to a decrease in prices, further affecting the profitability of businesses in the sector. Overall, the Great Depression had a detrimental effect on the tourism and hospitality industry, causing a decline in revenue, employment opportunities, and overall growth.