Vouchers as a Result of Corona Virus and the Risks for Tour Operators and Consumers

  • Dr. Zuzana Kvítková Prague University of Economics and Business, nám. Winstona Churchilla 1938/4, 130 67 Praha 3-Žižkov, Czech
  • Zdenka Petru Prague University of Economics and Business, Wintona Churchilla 4, Prague, Czech Republic
Keywords: Cash flow, Covid-19, Czech Republic, Insurance, Lex-Voucher, Tourism, Travel agencies

Abstract

The coronavirus is a phenomenon in the last months. The impact on the economy, especially on tourism is devastating. The national governments put into practice several supportive measures to avert the collapse. A specific tool was introduced for tour operators – the issue of vouchers instead of money refund. The aim of this paper is to identify and analyse risks of this measure offered by the Czech government. The identification is based on a combination of sources and methods. The methodologies used are open-question questionnaire and in-depth interviews. From the preliminary results, it is anticipated that the real risks connected with the vouchers are insurance validity, vouchers´ validity and tour operators´ future cash flow.

Author Biography

Dr. Zuzana Kvítková, Prague University of Economics and Business, nám. Winstona Churchilla 1938/4, 130 67 Praha 3-Žižkov, Czech

0000-0002-4851-2182

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Published
2021-06-30
How to Cite
Kvítková, Z. and Petru , Z. (2021) “Vouchers as a Result of Corona Virus and the Risks for Tour Operators and Consumers”, Mednarodno inovativno poslovanje = Journal of Innovative Business and Management, 13(1), pp. 60-66. doi: 10.32015/JIBM/2021.13.1.65-71.
Section
Original article