Credit where it's due: A terrorist risk to hospitality and tourism is hidden in the cards

Marvin J. Cetron, Fred J. DeMicco

Research output: Contribution to journalArticlepeer-review

Abstract

This study sought to clarify the risks posed by terrorism to the American financial industry, as exemplified by a major credit-card issuer with adjacent lending interests and how they would impact hospitality and tourism. It was structured as a multi-stage poll of general forecasters, whose views were critiqued and supplemented by subject specialists in the fields of terrorism and finance. This technique has proved highly successful in previous research by Forecasting International (FI), including a major study of terrorism for the Department of Defense. In general, participants doubted that a company in this segment of the financial industry would be specifically targeted by terrorists. Such an attack seems more likely to come from a disaffected individual, possibly with inside knowledge of the firm and its procedures. Possible threats could include sophisticated computer tampering, but a simple bombing, such as that in Oklahoma City, seemed both more probable and more likely to be devastating.

Original languageEnglish (US)
Pages (from-to)1-49
Number of pages49
JournalJournal of Foodservice Business Research
Volume7
Issue number4
DOIs
StatePublished - Feb 15 2006
Externally publishedYes

Keywords

  • Hospitality industry
  • Risk management
  • Terrorism
  • Tourism

ASJC Scopus subject areas

  • Food Science

Fingerprint

Dive into the research topics of 'Credit where it's due: A terrorist risk to hospitality and tourism is hidden in the cards'. Together they form a unique fingerprint.

Cite this