By:-Vijay Mukund ChaudharySanjay Prakash Motwani

What Is Recession?According to Economics: Reduce in GDP

According to Dictionary: Time Span of reduction

According to Bureau of Economic Research: Obstacle in employment, sales, industrial production, etc.

From Till Time Span

July 1980 November 1982

24 Months

July 1990 March 1991 8 Months

March 2001 November 2001

8 Months

December 2007

January 2010 25 Months

Recessions Occurred

Causes Of Recessions1.War Situations

2. Energy Crises

3. Under Consumption

4. Over Production

5. Financial Crises

Impact Of Recessions

1.Unemployment

2. Economic Loss

3. Poverty

4. Migrations

5. Obstacle to Development

Last Recession

Last Recession

Last Recession Results

Impact of Terrorist Attacks

Created fear in people

People cancelled their travel plans

Airlines & Hotel Industries badly hit

Resulted in low occupancy rates

Airline & Hotel Industries offered discounts, gift coupons, to attract people

But, still, no improvement in occupancy rateAirline & Hotel Industries started “Cost Reduction” activities

i] Reduce No. of flights ii] Lay off peopleiii] Salary reduction to“Not laid off people”

In flight meals reducedLow or No income to spend and buy goods

They became careful dueto the fear of loss of job

Meals supplying companygot the hit

Catering company now,lays off people

Demand for other goodscome down

Started saving moneyinstead of spending

Demand for other goodscome down

Airline & Hotel Industries started “Cost Reduction” activities

How to beat recession1. To optimize the manpower strength.

2. To take strategic initiatives to increase the productivity and efficiency of the entire organization.

3. To work on for benefits.

4. Redesign training and development programs.

5. Moving to a new market space

Any Questions?

Thank You All For Your Kind Attention

Please convey your regards :-vijay.m.chaudhary143@gmail.com