When we talk about corona effect on travel Industry, The global tourism sector is heading for a major slowdown as countries other than China struggle to contain outbreaks, travel restrictions and airline cancellations are reaching to other markets. The spread of Corona has been swift, with new hotspots popping up around the world.
In addition to China, This virus has been majorly found in South Korea, Italy, Iran, France, Spain, Germany. People more than one hundred thousand were found positive around the world & Numbers are increasing daily. However, The percentage of death because of this virus in only around 3%. Major tourist hotspots are empty all over the world. Most of the carnivals are canceled worldwide.
The world tourism sector has already experienced a serious hit and if the virus remains invincible in the coming months it would cost an estimate of $2 to $3 trillion to the world economy. Corona effect on Travel is looking everywhere in the world.
Table of Contents
Indian Outbound Business
Travel Industry has been recognized as one of the worst affected industries in the world following the onset of this virus and the Indian tourism industry is no exception. After China, Hongkong & Singapore now people are canceling their trips to Europe.
Even destinations like Dubai are also witnessing major cancellation of mice moments due to the outbreak. Summers are peak season for mice moments in Thailand & Dubai. Indian Travel Companies confirmed that most of the travelers are scared.
They don’t want to travel even to those countries where this virus is not found. Most of the travelers are active on Social Media & always keeping an eye on this virus.
According to some of the travel industry people, social media is playing a big role in scaring people. The outbound Indian tourism department is expecting the loss of 200 Billon in this financial year.
Indian Inbound Business
India is still a safe country when we talk about the coronavirus. However, The major footfall for Indian inbound business was coming from Europian countries which are completely stopped after 16 Italian travelers were found positive. Most of the agents are not even accepting bookings from European counties.
In 2019, the Chinese accounted for 3.12 percent of the total foreign tourist arrivals in India. The arrival of tourists from China has increased over the years in India But this is completely shut down due to this virus. Even numbers are decreasing for domestic travelers due to this outbreak.
Slightly & Slowing people are completely avoiding to travel outside their home towns because major Indian tourism cities like Kerala, Agra & Delhi have some confirmed Conora Virus cases. According to major Inbound travel companies the loss is considered is around 100 Billion.
DMC’s of Aisa Countries
Corona Effect on Travel Industry trade like anything. Companies like Emirates are sending their staff on paid or unpaid leave for some time. However, if we talk about the Most of DMCs of Singapore, Malasia, and Thailand they are also sending their staffs on unpaid leaves & offering 20% of the salary for time being.
Hongkong, Macau & china DMCs are almost on a shutdown stage. Whereas, no news from Dubai DMCs about firing or reducing staff salaries as of now.
The Government of UAE has announced that they had decided to postponed Arabian Travel Mart (ATM) to June instead of April due to the current situation. ITB was also canceled due to corona effect on travel Trade.
Facts & Mathys
Everyone needs to understand how they can protect themselves from this virus. We have listed some facts & Mathys to help everyone. Here are the lists:
Facts :
- Diseases can make us sick regardless of race or ethnicity.
- There is an increased risk of exposure for people who have been in close contact with a person reported to have COVID-19 or for people who live in or have recently been in a region of continuous spread.
- People who have completed quarantine or has been released from isolation does not pose a risk of infection to other people.
- Understanding the signs and symptoms will help avoid COVID-19.
- Stop Shaking Hands & try Indian ‘Namaste’ to Greet People.
- People without respiratory illness, wearing lightweight disposable surgical masks is not useful at all. Only use N95 Mask which fits on your face.
- Wearing gloves while visiting public places will be helpful to protect yourself.
- Washing hands or using sanitizer at regular intervals will also a good idea.
- Stop touching your nose or face with your hand unnecessarily
- Read Travel advisory of those countries before visiting them.
Mathys :
- Taking a hot bath does not prevent coronavirus disease.
- The virus cannot be transmitted through goods manufactured in China or any country reporting COVID-19 cases.
- Coronavirus cannot be transmitted through mosquito bites.
- The Virus is not destroyed by hand dryers.
- UV lamps should not be used to sterilize hands or other skin areas because UV radiation can cause irritation to the skin.
- Thermal scanners identify people who have developed a fever. However, They are unable to identify people who are sick with a fever but are not yet ill.
- Sprinkling alcohol or chlorine in your body won’t destroy viruses that already enter your body.
- There is no proof that the virus can affect the family animals/pets such as dogs or cats.
- pneumococcal vaccine and Haemophilus influenza type B (Hib) vaccine, do not provide protection against this virus.
- To date, there is no specific medicine recommended to prevent or treat this virus.
Effect on other Industries
The brutal downturn in global financial markets may seem to suggest that the global economy is on the road to recession. The world’s major share markets are almost on their lowest points. People are really worried about their Jobs & owners about their companies.
India is among the 15 most-affected economies due to the coronavirus epidemic and slows down in production in China. China is India’s biggest trading partner. The country accounted for 14 percent of Indian imports in 2018-19. The country also accounted for 5 percent of India’s exports in the same year.
The coronavirus epidemic’s trade effect on India is estimated to be around USD 348 million. The trade impact will remain around $129 million for the chemical industry, $64 million for textiles and clothing, $34 million for the automotive sector, $12 million for electrical machinery, $13 million for leather goods, $27 million for metals and metals and $15 million for wood products and furniture. Most of the industries are suffering due to a shortage of raw materials.
For More Update checkout our blog
When things will be good again for Travel Industry?
Mostly like by end of 2021.
Major bad Corona Effect on Travel Industry?
1. It's Completely shut down the industry. 2. No hopes to reopen soon. 3. Most people will avoid travel even after corona.
Countries which already announced that they will not open in 2020?
1. Indonesia 2. Thailand 3. South Africa 4. Malaysia
Most badly affected country from Corona?
1. USA 2. India 3. Brazil 4. Russia 5. Peru
Indian Government done anything for Travel Industry?
No, Indian Govt. has not announced anything for Travel Industry.
What can travel industry do in Corona?
1. Upgrade your skills. 2. Find out secondary source for income. 3. Updated your knowledge. 4. Make goals for future. 5. Keep your mind on productive things.
