
Become a better marketer than yesterday
Become a better marketer than yesterday
The travel agencies have reported declining numbers and a drastic increase in the cancelation number amid COVID-19 outbreak. The market for online booking is also falling down. According to industry chamber CII, this is one of the worst crises ever to hit the Indian tourism industry. Airlines and cruise ships are currently being more impacted than hotels. Apart from business loss for the Rs 5-trillion industry Federation of Associations in Indian Tourism & Hospitality (FAITH) said the crisis may leave 38 million people (or 70% of all employed directly and indirectly) jobless. But that’s just beginning, it could be the worst crisis for the travel industry. Take a look at coronavirus impact on the travel and tourism industry.
CEO Marriott International, Arne Sorenson declared Thursday that the COVID-19 coronavirus has impacted company revenues more severely than World War II, 9/11 attack, or any other historic crisis.
“The numbers of trip cancellations—not just to China but to the entire continent of Asia—is growing every day,” says Jack Ezon, founder and managing partner of luxury travel agency Embark Beyond.
Read our latest article on all about Coronavirus impact on Indian market: –
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