In the wake of the COVID-19 pandemic, the tourism industry took the hardest hit. It is uncertain to say that when the hospitality and tourism industry will recover from the cascading effect of this virus.
If you follow the regular updates, then as per WTTC (World Travel and Tourism Council) after this pandemic over, it might take up to 10 months to start seeing a recovery in the industry.
In addition, according to a report by CNBC tourism economy experts expecting a 9.1 % fall in tourism this year, which is the highest drop in the last 40 yrs.
The most tourist-heavy destinations in South-East Asia like Bali, where most of their economy is completely dependent on tourism. You will find that businesses are facing crippling effects due to no movement because of lockdowns around the world.
Not just tourism, even the airline sector is at a standstill and is reporting huge revenue losses. Because, the COVID-19 is a virus that has restricted your movements. And social distancing is the only weapon we have to face it.
Moreover, according to The World Travel and Tourism council expecting 75 million job losses in the travel and tourism industry alone and Asia is presumed to be the worst affected region.
But, there is a silver lining for you here. You can be assured that the world will rise to be humbler, kinder and more careful..
Therefore, in the light of the recent studies, news, reports and observations here’s what the travel and hospitality industry may look like after the outbreak is contained-
How Covid-19 may impact tourism sector
- Domestic travel will be more with private vehicles rather than using public transport.
- People may like to go to remote places with less crowd, overcrowded places will definitely take a longer time to recover.
- Travellers may like to cook their own food at property rather than eating outside or ordering online due to health concerns.
- The cashless transaction may increase in the travel and tourism industry.
- Long term stays may increase as people will avoid visiting many different places with overcrowded airports.
- Business conferences, meetings and events may take a while to recover as most of the businesses already adopting a new way of interacting online whether its zoom or any other platforms.
- International travel will fall drastically because of safety, lack of funds and job losses around the world, difficulty in getting visas for most countries as a safety major.
- Hotels, resorts and Airbnb accommodations will be more focused on well being, health and hygiene oriented to attract travellers.
- As we all know humans are by nature social animals, and after this pandemic will end, people will still go to places but certainly will be more cautious to choose the places and the activities they will do.
- Cleanliness and hygiene will be the prime focus for hotels, lodges and home-sharing accommodations to build trust and provide a safer environment for guests. Letting your customers know how clean your property is, that means providing hand sanitizers, disinfecting hard surfaces etc. can be a good idea to attract travellers.
- Due to the protection and privacy concern demand for short term rental properties may increase.
- people will try to book properties with flexible cancellation policies.
- Sustainable travel will increase to support and protect the environment, minimize plastic uses and help the communities affected by outbreak in tourism.
- International travel will still take a while to bounce back until we see a vaccine in the market to give a sense of psychological soother to people.
- Airlines will have more flexibility in cancellation policies and airfare could remain lower for a while.
- Cruising could be cheaper but will be less popular due to the recent outbreak in Diamond Princess cruise ship.
The world may seem dicey to you now, things are most certainly uncertain. But, that doesn’t mean that we give up. It means that we just have to adapt and find new ways to rebuild. Community building and business collaborations to help the smaller businesses survive; is going to be our key.
So, let me know what else changes the tourism and hospitality industry will see in the comments section.
Till then, stay safe and stay home!
Disclaimer: Most of these predictions are purely based on natural human psychology of being preventing and safe and some of them are based on tourism data provided by reliable sources.