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Even though risks certainly influence travel and tourism patterns, very little research has been conducted into how the industry generally perceives and manages risks, and especially risk factors.
The survival of any business, including those in the tourism industry, depends on identifying and managing risks. This can be done either by eliminating the risk entirely, or, if this is not possible, by ensuring that any adverse impact that might occur will be kept to a minimum. Many risks can be transferred, for example, by means of insurance. But regardless of whether or not a risk can be transferred, it has to be identified if it is to be managed.
Risk management is concerned with every kind of tourism industry business – tour operators, travel agents, hotels, lodges, game farms, bed and breakfast establishments, national, provincial and local parks, attractions, festivals, restaurants, airlines and guesthouses, to name but a few.
This paper posits a new model for tourism safety and security risk factors ? the so-called Tourism Safety and Security Risk Factor Model
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Source: Best Practices in South Africa, Tourism PDF: South African Tourism Safety & Security Risk Factors PDF (PDF) Document, Ian van Vuuren Consulting
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