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The Cruise Industry Before, During, And After COVID-19 University History Essay Help

The Cruise Industry Before, During, and After COVID-19

In the Tourism sector, the Cruise Industry was one of the most thriving businesses before the COVID-19 pandemic. Annually, the industry estimated value was $USD 150 billion ( Holland et al., 2021, p. xx). Cruise holidays have become popular over the years, with Australia and the United Kingdom have enjoyed the best customer base(Holland et al., 2021, p. xx). As of 2014, Australia had acquired one million passengers who had exceeded the market forecast and had been ranked as the fifth country successful in the Cruise industry (Holland et al., 2021, p. xx). On the other hand, the UK was the best European country in Cruise Industry after Germany had acquired a lot of passengers and generated a revenue of 10.4 euros as of 2017. As of 2020, cruise passengers had been predicted to be around 32 million, but sadly COVID-19 hit the world.

 

The COVID-19 pandemic in 2020 took a toll on the cruise sector. First, there was massive disruption and cancellations of passengers bookings. This affected many customers and heavily impacted employees of the cruise industry as many lost their jobs (Ilhan,2020 p.34). The cruise industry was directly involved, especially with the high infection rates among crew and passengers. Passengers on board were left stranded as borders were closed to stop traveling to minimize the spread of infection. About 700 passengers who had already boarded were infected, and in the case of the Diamond Princess cruise ship, 14 people lost their lives (Ilhan, 2020 p.34). This instilled even more fear in people, and most people did not want to put their health at risk; thus, bookings went down, which again devastated the cruise industry.

The impacts of COVID-19 on the cruise industry history assignment help writing services: history assignment help writing services

The impacts of COVID-19 on the cruise industry can be seen in the challenges and reflect what often happens after a dangerous epidemic. Governments worldwide are forming policies that will provide channels to give people a more positive outlook on the cruising industry, which in turn is helping rebuild the cruising sector post-pandemic invasion ( Holland et al., 2021, p. 1193). The onset of the pandemic forced the cruise industry to deal with the immediate impacts of the pandemic, mostly being shutting down cruising operations. As time went by, the industry started addressing the pandemic results by forming new approaches that ensure the smooth running of business operations while avoiding the risk of infection. Such strategies include proper testing, sanitation, and proper ventilation before passengers board cruises (Holland et al., 2021, p. 1195). The HVAC technology was adopted to prevent and manage infections onboard. In case of cancellations, schemes to refund passengers their money have also been employed (Holland et al., 2021, p. 1195). Such policies become a win-win situation for both the customers and the cruise industry. It is slow progress, but the cruising industry is slowly heading to a better place than when the pandemic first attacked.

 

 

 

 

 

 

 

 

 

What Is Cryptocurrency? history homework help

What Is Cryptocurrency?

Cryptocurrency is defined as a type of digital currency that is regulated through one of the most developed encryption techniques, known as cryptography. Bitcoin (BTC), the 1st Cryptocurrency, was introduced in the year 2009. However, it was not until the year 2013 that Bitcoin gained widespread public notice. 2013, Bitcoin reached an all-time high of $266 per Bitcoin. At the time of writing, it is trading at around $10,000, while other cryptocurrencies like Bitcoin, such as Litecoin, Ethereum, and Dogecoin, have also gained traction. Cryptocurrency, which is currently worth over 7,000 US Dollars (USD), is sweeping the country. Users can establish their wallets, which a unique key will protect. In comparison to cash, the value of cryptocurrencies fluctuates in milliseconds and can fall by thousands of dollars in a matter of hours. According to statistics, the price of cryptocurrencies has recently decreased due to changes to the security regulations for adverts on major social media platforms. Numerous multimillion-dollar corporations have declined to advertise on Cryptocurrency.

However, opinions on cryptocurrencies are split, even more so now that Bitcoin’s value has risen 50% in response to fears that the digital currency could explode. While Cryptocurrency has several advantages, many traditional economists and financial professionals say it is a disaster that will inevitably fail. However, this reasoning has not deterred investors from Cryptocurrency investing. Bitcoin is currently valued on the financial market at approximately $2 billion.

 

Numerous locations finally accept online payments, such as Apple Pay, whereas Cryptocurrency is a relatively new concept that many businesses have yet to admit. Cryptocurrencies are still in their beta stages and are not accepted as payment methods at a large number of retailers, restaurants, and shopping malls. Numerous banks are even refusing to accept Cryptocurrency and will not enable their customers to utilize it. Additionally, other nations, like Russia, Sweden, and India, have prohibited the usage of cryptocurrencies. The primary issue is that cryptocurrencies lack a solid owner and are freely usable and exploited by anyone.

Describe The history of cryptocurrencies african history assignment help: african history assignment help

Numerous locations finally accept online payments, such as Apple Pay, whereas Cryptocurrency is a relatively new concept that many businesses have yet to admit. Cryptocurrencies are still in their beta stages and are not accepted as payment methods at a large number of retailers, restaurants, and shopping malls. Numerous banks are even refusing to accept Cryptocurrency and will not enable their customers to utilize it. Additionally, other nations, like Russia, Sweden, and India, have prohibited the usage of cryptocurrencies. The primary issue is that cryptocurrencies lack a solid owner and are freely usable and exploited by anyone. The government has no authority over them and has already attempted, but failed, to tamper with the currencies. “As long as governments continue to collect taxes, they retain the ability to dictate the currency used to pay those taxes.” This means that cryptocurrencies will not take over the world until and until the government adopts them as a tax payment method. This is quite improbable, as the government will avoid involvement with the majority of cryptocurrencies. Numerous businesses are opposed to using cryptocurrencies and will not accept them as a form of payment, owing to the volatile nature of their prices.

By examining the history of cryptocurrencies, we discover that the peak price was over 23,000 USD, while the current price is around 7,000. Due to the continuous volatility, scarcity of acceptance, and lack of exposure, cryptocurrencies will find it exceedingly difficult to succeed in currency (Makarov 2020 pp. 239. Cash is a much simpler, faster, and more efficient method of payment. Converting cryptocurrencies to cash takes hours, whereas exchanging cash currencies takes minutes. Cryptocurrencies have many possibilities and prices, and no one can comprehend the value of the online currency they own. For instance, many people initially purchased cryptocurrencies unaware of their current value, even though they are now worth hundreds of dollars. This causes many people to be unsure whether or not to invest. Nonetheless, the investor’s decision is subjective; are cryptocurrencies a decent investment to begin with?

 

Numerous Advantages to Being Paid in Cryptocurrency ap world history homework help

There Are Numerous Advantages to Being Paid in Cryptocurrency

Whether you’re a small-business owner, an employee, or a freelancer, receiving payment in Cryptocurrency might make receiving payment even more satisfying.

Cryptocurrency Payments Are Instantaneous

Accepting Cryptocurrency as payment eliminates the intermediary – the bank. This eliminates the need for you to wait for banks to complete whatever task they are performing while cheques clear and direct deposits are pending. Cryptocurrency transactions are instantaneous.