The effect of risk management on hotel performance : A Case Study on Luxor and Aswan Hotels

Abstract
Different organizations face many risks when conducting their business, which leads to exposing these businesses to many crises, generally represented in the case of uncertainty. Perhaps the main challenge facing management is to determine the amount of uncertainty that it accepts in order to be able to achieve its predetermined strategic objectives. Uncertainty represents two situations: the available opportunities and the threats that surround the organization with the potential to either lead to the institution’s success or failure. Therefore, organizations wishing to remain in the work environment and compete efficiently in the market must look for means to enable them to survive, and that adopting the strategic approach to risk management represents one of the means that works to reduce organizations' exposure to such risks This study aimed to measure the impact of risk management in terms of risk identification, risk assessment, risk mitigation and risk management procedures on hotel performance in Luxor and Aswan. to achieve the objective of the study; 412 questionnaires were distributed to a sample of hotel workers in Luxor and Aswan. Only 342 questionnaires were analyzed using the SPSS program. The results of the study concluded that risk management has a significant and positive impact on enhancing hotel performance in Luxor and Aswan.
Keywords: risk management, risk identification, risk assessment, risk mitigation, performance, hotel, Luxor, Aswan.