{"id":5118,"date":"2022-11-18T14:52:05","date_gmt":"2022-11-18T14:52:05","guid":{"rendered":"https:\/\/uniofglos.blog\/eventsglos\/?p=5118"},"modified":"2022-11-30T08:53:18","modified_gmt":"2022-11-30T08:53:18","slug":"how-the-russia-vs-ukraine-conflict-will-change-the-future-of-the-events-and-tourism-industry","status":"publish","type":"post","link":"https:\/\/uniofglos.blog\/eventsglos\/2022\/11\/18\/how-the-russia-vs-ukraine-conflict-will-change-the-future-of-the-events-and-tourism-industry\/","title":{"rendered":"How the Russia vs Ukraine conflict will change the FUTURE of the Events and Tourism Industry"},"content":{"rendered":"\n
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SERVICEMEN OF THE UKRANIAN NATIONAL GUARD TAKE POSITIONS IN CENTRAL KYIV, UKRAINE, ON 25TH FEBRUARY 2022 (GARANICH, 2022)<\/figcaption><\/figure>\n\n\n\n
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At the beginning of 2014, Russia took over the Ukrainian region of Crimea. This was the spark which led to a rivalry, subsequently leading to the unprovoked attack on Ukraine by Russia in early 2022. This conflict has left many broken hearts and the country of Ukraine has been left devastated. Culture<\/a>, economy<\/a> and political bonds have been hugely impacted, which has in turn left an impact on the events, hospitality and tourism industry.<\/p>\n<\/div><\/div>\n\n\n\n

The Tourism industry is struggling<\/h2>\n\n\n\n

The conflict between the two countries is causing various long-term effects on the Events, Hospitality and tourism industries. Airlines are being restricted<\/a> on airspace as the UK and Russia have both prohibited each other from over-flying their country. This causes airlines to take action, which means that flights get cancelled or rerouted. Customers may not like this as it could lead to an increase in ticket prices due to more fuel being used.<\/p>\n\n\n\n

Airlines are having to raise the prices of their flight tickets as a consequence of higher fuel prices. Fuel is one of an airline’s highest expenses because of the cost of labour and the price of fuel, which has risen in recent times due to much of the UK’s jet fuel supply coming from Russia (5% to be exact<\/a>).<\/p>\n\n\n\n

Russia produces and exports a lot of key materials used for manufacturing in various countries. Russia provides a huge source of titanium, which aircrafts and engines are often made with. The production line is taking much longer due to no supply and heavy demand.<\/p>\n\n\n\n

Events may change forever<\/h2>\n\n\n\n

Supply chains of simple goods and products are being disrupted by the conflict, raising prices of these goods as well as the time it takes to receive them. This is especially bad at the moment as the impact of Covid-19 <\/a>wreaked havoc on the same supply chains. The events industry relies on the imports of products such as wheat, maize, oils and fertiliser from Russia as food and drink is a huge part of this industry. The UK has switched its import sources from Russia to other sources, which will change the rate of imports as well as quality and perhaps even flavour of some of these goods. <\/p>\n\n\n\n

A big part of this war is the placement of sanctions to Russia and their people. Although it is evidently unfair on the common people of Russia that take no role in the war, companies such as McDonalds<\/a> are ceasing their operations in the country. This is also being applied to the events industry where Russian people cannot attend certain events as a sanction, which may apply to the future of the industry if the war continues.<\/p>\n\n\n\n

Global Effects…<\/h2>\n\n\n\n
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(Created with Canva, data sourced from Emerging Europe, UNWTO & Airlines AITA)<\/figcaption><\/figure>\n\n\n\n

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