Risk management refers to the practice of identifying potential risks in

advance, analyzing them and taking precautionary steps to reduce/curb the

risk.
Strategic management involves the formulation and implementation of the
major goals and initiatives taken by a company's top management on behalf
of owners, based on consideration of resources and an assessment of the
internal and external environments in which the organization competes.
The five major risks associated with tourism are "terrorism" (Richter, 2003),
"war and political instability" (Sonmez, Apostolopoulos, &Tarlow, 1999),
"health" (Richter, 2003), "crime" (Dimanche & Lepetic, 1999), and "cultural
and language difficulties" (Basala&Klenosky, 2001). "These risks are of
growing importance in the global tourism environment and present threats
not only to tourists but also host societies and the tourist's home nations"
(Richter, 2003).

Strategies for Effectively Managing Travel Risk and Safety