news: coronavirus: How Tour Operators deal with The COVID-19 Pandemic?

news: coronavirus: How Tour Operators deal with The COVID-19 Pandemic?

In the wake of the COVID-19 pandemic, many industries have taken successful but the main brunt was seen and felt almost instantly within the travel and tourism industry. it's saddening to ascertain how the industrial revolution that brought all folks together by making travel and tourism easy and affordable fueling 4 billion trips a year - is struggling to tackle an epidemic that demands that we occupy home and not move.

The coronavirus was first identified in late-2019 within the Wuhan region of China and is now present in dozens of nations round the globe.

Some of the critical details that you simply must remember of-

● quite 3 million cases are confirmed.

● quite 200 thousand deaths are recorded.

● 210 countries or territories are impacted.

● Number of cases "recovering" from symptoms over 800 thousand. Remainder still under observation or quarantine.

● the planet Health Organization declared the spread of Coronavirus COVID-19 as global pandemic from 11th March.

The outbreak of COVID-19is having an inevitable impact on the travel industry, not just limited to hotels but has affected airline, cruise, and as a result even the hire car industry tons .

Let us have a glance at the worldwide statistics to urge more clarity.

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Starting from 1st January 2020 to 29th February 2020, the space revenue trend saw a steep decline globally. It showcased a 16% month-over-month decline, for the month of Jan-Feb, this analysis was done by RateGain, a travel technology company.

The room revenue downward trend are often directly attributed to the decrease within the overall booking during an equivalent month. consistent with the research, it showcased that the reservations made during the month for any future date within the next 12 months, found that the bookings were globally down by 9%.

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The company even compared the half of change of the reservation data extracted from the primary week (1st-7th March 2020) to the second week of March (8-14th March 2020).

According to the analysis, every single destination country showed a booking decline in Week 8. as an example , Italy posted a staggering 20% decline from the primary week to the second week of march thanks to the entire lockdown across the country.

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How to deal with such difficult times?
Sadly, we do not know when this crisis will end; all we will do is be hopeful and practice social distancing.

What we do know is that many jobs are in danger , that we'd like to guard , especially the vulnerable segments like SMEs, self-employed, women and therefore the youth. we'd like to possess survival mechanisms/plans for companies.

news: coronavirus: How Tour Operators deal with The COVID-19 Pandemic?

One thing is needless to say that we'd like strong support in navigating the unparalleled economic and social impact of Coronavirus. Currently, what we'd like are fiscal and monetary measures which will help protect jobs, help the self-employed and company's liquidity and operations and accelerate recovery.

To help all the hoteliers today, we'd like an efficient travel technology platform like OPTIMA by RateGain. It helps hotels maximize their chances of getting a big chunk of the business available within the market. The software helps provide a far better understanding of the competitors who are within the same business realm.

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As one could be aware, tourism may be a significant job provider for several people, especially women and youth. it's also believed that it's the world with proven capacity to recover and help other sectors also .

Finally yet importantly, we'd like a robust mitigation and recovery plan which will support the world and help generate returns across the entire economy and jobs.
In conclusion, these were some steps that the travel and hospitality sector can deem a far better and safer future.

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