5 Ways Natural Disasters Can Impact A Hospitality Building
Tourism is crucial as it brings in new business opportunities and economic development for the country. In the industry, there are multiple factors that have an impact on tourism both positively and negatively. One such aspect is the natural disasters that occur in a place unexpectedly. Due to the changing weather patterns around the world, the impact of natural disasters has been more profound. Hotels and resorts in areas that are prone to natural disasters take steps to protect themselves. Find out more about the several ways natural disasters can impact a hospitality building below.
The servere nature of natural disasters can have a significant impact on physical damage in hospitality buildings. These events result in the reduced structural integrity of the buildings and the overall structure. Cracking of walls, roofs or foundations can make it very dangerous for employees and guests.
Employee Safety and Displacement
Catastrophic events such as earthquakes, hurricanes or floods have a significant impact on employee safety and displacement. As a result of the disaster, employees may be injured or even killed. They may also lose their homes and personal possessions. A destroyed hospitality building leads to employees losing their jobs or being displaced from their workplaces. In addition, employees may be unable to travel to work or may have difficulty finding housing and other necessities which forces them to move to other areas. It is important that employers have plans to address these issues in the event of a disaster.
Loss of Power and Water
In the event of natural disasters, power outages can occur as a result of damage to the electrical grid or to the building itself which can disrupt operations. This makes it difficult for guests to access essential services such as air conditioning and lighting. Additionally, the building’s plumbing and water pipes might be directly affected due to natural disasters which disallow guests to services such as running water and sanitation.
Reduced Business Operations
Business operations in hospitality buildings will be severely affected in the event of a natural disaster. The physical damage to the building makes it impossible for guests to access the property, resulting in a loss of revenue for the business. Natural disasters also disrupt supply chain lines preventing the business to obtain necessary goods and services. For example, damages to roads can make it difficult for suppliers to deliver supplies to the hotel. This negatively impacts the business’s bottom line due to the shortages and higher costs for goods and services.
Increased Insurance Costs
The physical damage caused by natural disasters can be costly to replace and repair. This forces insurance companies to raise premiums for properties located in areas that are prone to natural disasters. In addition, insurance companies may place restrictions on coverage for buildings in high- risk areas. This includes increasing the deductibles or limiting the available types of coverage Therefore, it makes it more difficult for a business to secure affordable insurance for its properties.
In conclusion, is it important to have a disaster readiness plan available when nature strikes. Businesses should be ready to adapt to the reality of living in a disaster-prone area and make business changes since natural disasters are inevetitable and uncontrollable.