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I have a job for you!
- September 18, 2020
- Posted by: TOPHOSPITALITY
- Category: Insights & News
No CommentsBut I will pay you only 25% of what you are worth!
Six months later, in the midst of economic downturn, over 150 million people lost their jobs and more than double this number are suffering to make ends meet. People are forced to choose between keeping their jobs in exchange for a drastic pay cut or accepting significant challenges for less pay.
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Are lockdowns the right way to go?
- May 14, 2020
- Posted by: TOPHOSPITALITY
- Category: Insights & News
As the coronavirus pandemic spread around the globe with a force of a tsunami, more than 100 countries adopted strict lockdown measures to slow down COVID-19 transmission.
Governments hit the pause button on social gatherings, schools, sports events, and religious services. Borders were closed, as a result, business activities declined and economies crippled.
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Will Covid prove to be a breakthrough for cloud?
- May 6, 2020
- Posted by: TOPHOSPITALITY
- Category: Insights & News
Hardly a day goes by without some negative information about the impact of the coronavirus on the travel and hospitality worlds.
Despite all this negativity we hope that it’s only a matter of time for the hospitality world to overcome the difficulties that COVID-19 brings. After all, the hotel industry has experienced its share of crises, including terrorism, SARS virus and economic downturns, only to evolve even more and move forward.
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Are businesses coping with the novel Corona Virus?
- March 5, 2020
- Posted by: TOPHOSPITALITY
- Category: Insights & News
Employers are already feeling the knock-on effects of coronavirus, with City businesses sending staff home, bans on business travel and companies referring to sickness policies to ensure they’ll be ok if the situation worsens.
Here are five important questions about coronavirus and the workplace answered:
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What is an economy depression?
- February 28, 2020
- Posted by: TOPHOSPITALITY
- Category: Insights & News
An economic depression is an occurrence wherein an economy is in a state of financial turmoil, often the result of a period of negative activity based on the country’s Gross Domestic Product (GDP) rate. It is a lot worse than a recession, with GDP falling significantly, and usually lasts for many years. In the US, the Great Depression lasted for a decade, with the unemployment rate reaching 25% and wages falling by 42%.
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