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Cyber Attack or Data Breach
Cyber attacks are, and will remain, a top risk across all geographies and industry sectors. All leaders need a cyber game plan.
Industry Overview
Hospitality, Travel and Leisure
An Industry Under Pressure Requires a Proactive Approach to Risk and People
As the hospitality, travel and leisure industry continues to rebuild from the devastating effects of the pandemic, it faces both new and familiar challenges. Economic uncertainty, rising costs and talent shortages make day-to-day operations more difficult, while emerging risks, such as climate change and cyber attacks, present emerging threats.
Going forward, focusing on novel human capital strategies and the total cost of risk, alongside effective risk management and risk transfer strategies, will be vital. For example, the use of new risk financing strategies and captive or protected cell captive insurers is likely to accelerate.
Our experience enables us to provide human capital, risk management, risk mitigation and risk transfer advice tailor-made to the industry. Whether it’s better equipping your organization to deal with external business interruptions, attract and retain key talent, or helping to ensure you’re protected against data breaches, our advice is designed to enhance your ability to pre-empt and respond to the challenges you face.
Top 5 Current Risks
According to our latest Global Risk Management Survey, the biggest risks facing the Hospitality, Travel and Leisure industry include:
More Insights
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Article 3 mins
Better Decisions in Trade, Technology, Weather and Workforce
From global supply chain risks to climate insecurity, organizations face challenges and complexities on a scale rarely seen before.
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Risk Capital and Human Capital Perspectives
Risk Capital CEO Andy Marcell and Human Capital CEO Lambros Lambrou discuss how innovations in Risk Capital and Human Capital can help organizations boost resilience and navigate volatility.
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Article 8 mins
Top Risks Facing Hospitality, Travel and Leisure Organizations
Hospitality, Travel and Leisure industry respondents to our Global Risk Management Survey (GRMS) ranked cyber attack or data breach and economic slowdown or slow recovery as their two most critical risks.
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Protect and Grow: An Integrated Approach to Tackling Global Volatility
In today’s increasingly volatile global economy, business leaders are focusing on two key areas of decision-making: Risk Capital and Human Capital.
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COVID-19 has Permanently Changed the Way We Think About Wellbeing
Aon’s 2022–2023 Global Wellbeing Survey explores what employers around the world are doing to support the needs of today’s workforce.
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Catastrophes and Coverage: What 2022 Can Teach Us About Climate Risk
The impact of climate change on businesses, insurers, and communities can provide insight on how to mitigate the risks associated with extreme weather events.
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A Guide to Preparing for Greater Climate Disclosure in 2023
Climate disclosure requirements will increase globally in 2023. Use this guide in preparation to reduce risk and attract investors.
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How Will a Recession Impact the Great Resignation And Quiet Quitting?
A new phenomenon in which employees become disengaged — 'quiet quitting' — is drawing increasing interest.
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Retaining Talent in a Job-Hopping World
A record number of workers are quitting jobs and changing companies — or thinking about it. How can employers retain talent in today’s competitive market?
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Coming Through the Clouds: The Airline Industry’s New Better
The aviation industry was one of the hardest hit by the COVID-19 pandemic. Now it is essential that airlines seize new opportunities.
