“…The holistic analysis of this study add to existing research by identifying critical dimension that should be considered while analyzing the economic and social impact on Tourism and Hospitality Industry. The study confirmed results of existing studies that also emphasized the economic impact dimensions such as financial loss, decline in market demand, unemployment, impact on suppliers, supply chain, channels of distribution, change in the customer preferences, and shutting down of business in the Tourism and Hospitality Industry (Baum & Hai, 2020; Huang et al, 2020; Jones & Comfort, 2020a, 2020b; Joshi & Bhaskar, 2020; Karim et al, 2020; Lim & To, 2021; Lucas, 2020; Pagano et al, 2020; Rakshit & Basistha, 2020; Şengel et al, 2020) and social impact dimensions such as sadness, miserable, antagonism, uncertainty about the spread of the disease, vulnerability, apprehension, wearisomeness, and fears (Aduhene & Osei‐Assibey, 2021; Cao et al, 2020; Mamun & Griffiths, 2020; Weir, 2020). However, the present study also identified additional economic and social impact dimensions like government policy, logistic channels, future tourism practices, relationship with stakeholders, merger plans, and counseling services.…”