Uploaded on May 15, 2021
Pandemic has impacted tour and travel industry worldwide because of restrictions and lockdowns.
HOW PANDEMIC IMPACTED TOUR AND TRAVEL INDUSTRY
HOW PANDEMIIC IIMPACTED TOUR AND TRAVEL IINDUSTRY? Introduction • 100% of destinations around the world-imposed travel restrictions to limit the spread of coronavirus, according to research from UNWTO. Source: medium.com Precaution Measures • Those who do travel this year can expect social distancing measures at airports, a mandate to wear masks on flights, and sanitizing hands before entering hotels, attractions, restaurants, and shops. Source: medium.com Drop in Revenue from Travel Industry • With the travel industry contributing 2.9 trillion-dollars to the GDP in 2019, that number is set to drop significantly for 2020, resulting in a likely 60–80% drop compared to 2019. Source: medium.com Tourism decline • Tourism decline is especially harsh on destinations that rely heavily on the tourism industry. • For example, states like Nevada, where casinos and hotels fuel the economy; and countries like Greece, where touristic islands like Santorini have seemingly become ghost towns, business from tourism is an essential part of these destinations’ economies. Source: medium.com Business decline • The U.S. Travel Association forecasts that domestic travel will decrease by 45% and 75% internationally by the end of this year. • This means that many businesses of these touristic destinations might not make it through the end of the year. Source: medium.com Increase in job loss • Millions of jobs around the world have been lost, with nearly 7 million in the U.S. alone. Jobs lost range from cafe employees and nightclub owners to tour guides and food service providers, but many lost jobs are particularly within the transportation industry. Source: medium.com Lockdown Impact • Even as lockdown measures around the world ease up, many tourists are postponing their travel plans or canceling altogether. Source: medium.com Impact on Hotels • Another area of the travel industry that has been largely impacted by the pandemic is hotels. A 96% decrease in hotel stays hit Italy as well as 68% in China, and currently 56% in the United States. • However, high vacancies are seen across the world even as countries reopen borders and loosen restrictions. Source: medium.com Conclusion • it’s uncertain how many businesses will survive this pandemic, especially small businesses like bars, cafes, and nightclubs that cannot offer many takeaway options to keep their businesses running amidst a pandemic. • Tour guides, travel agencies, and even travel bloggers are seeing a potentially dire cut in income. Source: medium.com THANK YOU
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