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The Cochrane Board of Trade has been part of the Cochrane fabric, before Cochrane was incorporated as a town, making it the oldest established organization in…
Risks affecting the hospitality industry are not only related to inflation, war, and geopolitics. Science has proven that climate-related risks and biodiversity loss are a threat to the fabric of society. The convergence of global systemic risks has a name: global polycrisis [1]. In addition, localized events such as wild fires or potential torrential rain put destinations at risk, leading to the assertion that "tourism destinations in every corner of the globe face the virtual certainty of experiencing a disaster of one form or another at some point in their history"[2]. The hospitality industry operates in a volatile, uncertain, complex, and ambiguous environment. Thus, it is challenging for hotel owners, operators, and leadership teams to adapt to the constantly changing circumstances.