Did you plan to go somewhere before the pandemic? Coronavirus will change the way tourism industry works worldwide

Coronavirus
With people locked at home due to strict lockdown policies, one can only wonder what will happen in the tourism industry.

The latest global epidemic, COVID-19, has brought travel to a standstill. The pandemic has hit the tourism industry in the worst possible way. The amount of economic loss this poses to the countries is also massive. The number of job losses and a rise in unemployment due to this is also huge. The technology industry which helped bring us closer to the travel sector is also unable to stop the Coronavirus pandemic. With people locked at home due to strict lockdown policies, one can only wonder what will happen in the tourism industry.

Analyzing the total losses in the tourism industry is not that easy. This is mainly because the losses increase with the increase in the COVID-19 infection rate. But according to the report from the World Travel and Tourism Council, losses can be around $2.1 trillion in revenues alone. On top of this almost 75 million jobs are at stake.

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Coronavirus: Effect of the pandemic on the tourism industry

Gloria Guevara, CEO of World Travel and Tourism Council, is trying to win over the government’s attention to receive some support in order to cushion the potentially large amount of job losses. The worst effect on the tourism sector will be seen right after the effects of the Coronavirus pandemic diminishes. Many countries may not allow overseas travel for a significant amount of time for the time being. Containing the virus seems to be the best way to fight of COVID-19. Therefore, it might be possible for countries to stop international travel for several months if not years.

Also Read: Is this the end of the Coronavirus pandemic? With global lockdown about to be lifted, WHO predicts a more dangerous second wave of COVID-19

Even if international travel is allowed, the frequency will be very less. Another point is the economic condition of the people suffering from coronavirus. With the basic instincts of survival kicking in, people are careful about spending on any luxury. Right now vacations are something, no one will go for. It has a lot of health risks, and moreover, it costs a lot.

For the tourism industries to survive, they need to come up with an economic solution of some sort. With so many losses already seeping in, it is unlikely that agencies will offer even more discounts. To conclude, the tourism industry might not recover any time soon.

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