{"id":1395,"date":"2020-04-01T16:55:38","date_gmt":"2020-04-01T11:25:38","guid":{"rendered":"http:\/\/172.105.37.82\/?p=1395"},"modified":"2020-04-01T16:55:38","modified_gmt":"2020-04-01T11:25:38","slug":"how-will-covid-19-impact-travel-tourism-industry","status":"publish","type":"post","link":"https:\/\/indiacityblog.com\/travel\/how-will-covid-19-impact-travel-tourism-industry-1395\/","title":{"rendered":"How will Covid-19 impact Travel & Tourism industry"},"content":{"rendered":"
Due to Covid \u2013 19, airlines industry will have to face a burn $61 billion of cash reserves in the second quarter. According the analysis, there will be a 38% drop in travellers all around the world. Just like all the other sectors Travel & Tourism Industry will also have to bug up.<\/p>\n
Globetrotters will never stop their feet in any circumstance. They all must be waiting for the adieu of Coronavirus so that they can come out of the walls and breathe in fresh air. After Covid-19, there will be a slight change in the ways people will travel.<\/p>\n
Employment at Stake<\/strong><\/p>\n Tourism Industry accounts to 10% of the GDP and provides more than 50 million jobs. There will be a reduction\u00a0 of 12%-14% in the industry. All the associated people will get affected. Asia will be the largest effected continent worldwide. It will take around 10 months to recover from this situation.The tourism value chain across hotels, travel agents, tour operations, destinations, restaurants, family entertainment venues and air, land and sea transportation will get into slump.<\/p>\n Mode of Transportation<\/strong><\/p>\n At least of a year people will travel inside their own country. They will have a fear of stepping in some other country for wandering. People will fear traveling in Cruises and flight, eventually they will have to reduce the packages to attract customers. Airline Industry will have to tie up with Tourism Industry to bug up their losses. People will prefer to travel by their own vehicle or use car for that matter.<\/p>\n