Published on : Tuesday, June 2, 2020
With global travel being suspended temporarily and most wish-list destinations struggling badly under the impact of Coronavirus, tourism is one of the most severely impacted industries in the world. As air travel to foreign countries remains on hold, inbound tourism in the coming few months will remain idle.
As per a global luxury businesses panel organized by SP Jain Global, the hospitality and aviation sectors are possibly amongst the most badly affected part due to the pandemic, with the hospitality industry of India incurring enormous losses of $4.5 billion.
Nevertheless, the tourism is expecting a major comeback by Q4, with few sub-segments controlling the others. In the in the meantime what will occur to the travel sector? Well, all are expressing interest on domestic business and leisure market to reconcile the losses.
As inbound and outbound tourism is hoped to get bit sluggish, owing to the constraints placed by individual countries on foreign travelers, domestic corporate travel may experience a blow depending on the state of businesses in the country. Nevertheless, domestic leisure travel is said to bounce back quickly, and will act as one of the key factors in helping the industry pull through post the pandemic.
“Initially, people stuck in different parts of the world will travel back to India. Overall, inbound tourism might witness a slow growth. Though India has always been a favorite and affordable spot for international tourists as well as for locals, we can expect a normality by 2021,” Debashish Maitra, Director of IJ Dream Vacation told IANSlife
“In simple terms, the first roadblock to an international tours would be taking a flight, which many would like to avoid unless necessary,” says Krupa Gupta Saraogi of bookittours.in.