How the Travel Industry has Impacted Due to The COVID19?

Tourism is the entertainment industry for the people. If we talk about traveling, and the small ratio of the people who don’t like traveling almost everyone loves to travel. There is some specific time when people from different places travel within a country or outside the country. That was always profitable for the countries that are mainly the tourism hub, but due to the outbreak of COVID 19, many travel industry suffers a lot. The question is still maintained that How the Travel Industry has impacted due to the COVID19?

In the below article, I have mentioned that how the travel industry has impacted due to COVID 19 are as follows:

1. Economic growth:

If we talk about the economic growth, it was affected a lot due to the COVID 19. The Economic growth, all depends and varies from country to country, travel industry contributes a very good amount of percentage to the economy of the country and this is all affected due by COVID19.

It means the GDP of the country also affects due to the pandemic, most important the places which are mainly the tourist spot. Like people visit India, Malaysia, Bali, Maldives, Paris, Srilanka, many more. I want to say that these countries’ GDP is impacted very badly due to the Coronavirus. Likely the Hotels, lounges, Restaurants, modes of transports, adventure places many more are all declined in such a way that these all the factors have affected the economic growth of the country.

2. Social growth:

Social growth is impacted in a way that if tourists visited a particular place they had an interaction with local people around them. They collect the information from the local people and they tell them to visit the best places around it. As we know that local people are more familiar with the place than others.

The interaction of travelers help the local people to enhance their growth in the terms of knowledge, money, etc. likewise tourist told them that thing is in demand you can open a shop and earn money like this, which help local people to enhance themselves. Due to the Coronavirus, the social growth of the people impacted and they lack somewhere to skill themselves.

3. Livelihood

Livelihood means the employment of the people, there is a large number of employees were fired from their jobs related to the Travel industry. Like Agents, Tourist guides, managers, waiters many more.

Due to the outbreak of this pandemic the livelihood of these people was at stake. They were fired, salaries were cut down, and the shops of local people shut down, there is a lot of condition by which the livelihoods of people were impacted.

The most important that they were even struggling with their livelihood due to all shutdown either that they have to pay their rents, taxes, Returns like GST, Electricity bill there are many more in the line.

4. Hotel Industry:

Hotel Industry they were impacted very badly mainly the hotels that were not so big they were running at the small scale at the small tourist places. These hotels have to shut down because they were not earning due to lockdown and with related to their hotel they had to pay bills like rent, electricity, tax, loans, etc.

Some hotels are five stars, seven stars they have started the hospitality like they were allowing rooms for Quarantine to the Corona warriors and the people those have traveled abroad.

By doing this the big hotels have somehow saved them from not shutting their hotel but they have fired and cut down salaries of many employees.

5. Airlines Industry

Airline Industry is affected a lot due to the ban on travel within the country and outside the country. They have also suffered a lot and impacted by the pandemic. In some companies flights, they were not having enough money for fuels also.

Some company’s flight started to provide relief funds aid in the areas where people suffering from the pandemic.

CONCLUSION

In the above listicle article, I have mentioned How the tourism industry has been impacted by the COVID 19. It is very tough for the travel industry to raise some research is saying that it will take more than five years for tourism to come back on track.

There are also the countries that will pay tourists to visit their country, increase the tourism of the country after the COVID 19 situation become back to normal.