Saturday, April 25, 2020

The Coronavirus Will Not Kill Leisure or Business Travel, but it has changed it markedly, perhaps forever: Business Opportunities via Tourism Overview in detail.

Welcome to the technozune. Today, in this article, I will tell you and discuss the information about The Coronavirus Will Not Kill Leisure or Business Travel, but it has changed it markedly, perhaps forever: Business Opportunities via Tourism Overview in detail.




The Coronavirus Will Not Kill Leisure or Business Travel, but it has changed it markedly, perhaps forever: Business Opportunities via Tourism Overview in detail.



While the big US airlines the USA And the Treasury Department has unfortunately spammed in the past few days about how much taxpayer money will be given to airlines compared to how much money they will have to borrow, no one doubts that the demand for airfare, which has now fallen About 95% from last year, it will return when the threat from COVID-19 has lessened.

So the real questions are:

How much return do you need?
When will it return to its previous levels?
Will the demand methods, including the difference between business demand and leisure travel, be different than before?
How will all the travel information be different, from the purchase of services to the quality of the services provided?
The answers are integrated because all the factors that determine the structure of the demand (the quantity, the volume, and the apparent quantity of different aspects of the travel experience) are very different and interrelated. One thing, however. The need to travel will return.

Crowds at the airport, such as this group of Thanksgiving vacation travelers postponing the passage ... [+] security checkpoint at Ronald Reagan National Airport, will eventually return. But a few things about the travel business travel experience will change forever. (Andrew Harrer / Bloomberg)

So says travel industry analyst Jay Sorensen, president of IdeaWorks. Your company often follows industry insights to provide information on various airlines, hotels, car rental companies, and other travel service providers that may raise more money by offering customers additional or additional "discount" services than is generally the case. they are not included in the base price. But the travel industry has sparked a looming global outbreak of COVID-19 infections, according to an IdeaWorks report in April, often backed by Cartrawler, a technology company that helps business and car rental travelers. and Other Travel Options - Provided in Sorensen's analysis of upcoming changes for travelers and traveler services.

Calling travel, which generates 330 million jobs globally or 1 in 10 jobs worldwide, "the most significant in modern life," Sorensen presented his report, "People love to travel and entrepreneurs need to travel.".

Power and innovation will decrease with business failure

Not all airlines, not all hotels, not all travel companies, and not everything is attractive. And frankly, not many companies could do something to travel without their former employees, investing billions of dollars in the global travel industry. Distributed cash flows will not only result in unforeseen losses for travel companies this year but will also reduce financial performance for years to come.


The Coronavirus Will Not Kill Leisure or Business Travel, but it has changed it markedly, perhaps forever: Business Opportunities via Tourism Overview in detail.


Leisure travelers, especially those in the low and middle-income category experiencing major financial problems as a result of the epidemic and the shutdown of the economy, cannot afford to travel much. Therefore, they will spend less, perhaps more or less, on leisure travel for years to come.

Airlines will carry older planes, take time to return some of their basic planes, and then slow down or refuse to deliver some of the new planes they have on order, Sorensen said. Some hotels will be closed, some have switched to service, and others have been empty for a long time. And unfortunately, a large percentage of workers working in the travel industry will lose their jobs, if not sooner due to a DRM action that could keep most of the airline's employees paid by employees on September 30, and then go through a longer period.

Approaching home defines tourism travel in the near future

"Freight, passenger trains, and short flights will see early indicators of demand revitalization," predicts Sorensen. "The US National Park program will receive unprecedented visits" that will create their own new problems. Commuters will equate 'rural and outdoor' with good health and 'crowds and public spaces' with great danger."

Business travelers will have no impact on distance and perceptions of health-related risks associated with large cities, and will instead travel when their business needs take them. Furthermore, Sorensen as a whole expects post-COVID-19 time travel to be more focused on short trips within regions (Americans traveling with the United States, Europeans traveling between Europe, etc.).

Health security will be a reality today

"Ask any standard traveler if they think the internal cleanliness is under the same scrutiny as the airline's engineers, and they'll hear you exclaim, 'No,'" Sorensen writes of the intentional tasting.

But in the post-COVID-19 era, airlines will have an opportunity to do what they say they should have been doing for many years; they are more focused on cleaning their planes and ground services. They can even score points with passengers using the location and cleanliness of the plane as a competitive weapon. Until now, only Delta, with its new "Delta Clean" marketing effort, has made a product-related promise to provide cleaner aircraft.


The Coronavirus Will Not Kill Leisure or Business Travel, but it has changed it markedly, perhaps forever: Business Opportunities via Tourism Overview in detail.


In addition, you are concerned that any new hygiene campaigns introduced now will fade, especially if travel companies do not praise employees who prioritize cleaning, or if such companies punish employees for taking extra time to comply with a new cleaning. and stronger. values.

Airlines will also have to rethink and redesign how they sell and use food and beverages on planes, Sorensen said. Given travelers 'recent concerns about touching contaminated surfaces and others' contaminated surfaces to follow, carriers will need to provide food and beverages not only to reduce the risk of disease transmission but also ways in which consumers can use it to clean and touch affected areas.


Buyers will expect lower prices, and lower prices will increase capacity

Despite the expected reduction in service providers, they will have to offer lower prices to restore their remaining capacity to economically viable levels. The good news, Sorensen added, is that consumers, especially leisure travelers, have repeatedly shown that they will respond positively to real prices. But for more travelers traveling at retail prices it means service providers will need to fill more than their capacity just to break it.

Surprisingly, Sorensen notes that the so-called "a la carte" price in the post-epidemic world will be "problematic."

Fares paid by the Airlines Boost Exchange After receiving the state bailout, it is an item that the industry should try to avoid. Consumer spending will be weak. The cost of the entire trip will be indicated to include the price of the tickets, all charges, and hotel rates. "Y" would be a good time for homeowners to spend the additional 'resort fees' forced on buyers in recent years. "


Government investment will have bases

Sorensen exaggerated how long airlines have complained about government intervention in their industry, and much media attention can now survive the current economic crisis because they have billions of dollars in subsidies and less. government loan In the current situation, all those newspaper photos and television videos of empty ticket counters at the airport and taxis full of taxis have helped to make flights early and sympathize with the people who receive help from the organization.



The Coronavirus Will Not Kill Leisure or Business Travel, but it has changed it markedly, perhaps forever: Business Opportunities via Tourism Overview in detail.


But receiving government funding will invite more efforts by lawmakers and/or the organization's bureaucracy to share details of airline sales and operations. Additionally, the airport and other companies involved in the travel industry that also end up earning government dollars may face similar efforts by the government to use the speed that comes with those government dollars.




Exchange financing will be very unpleasant

It has become clear for a time that most major airline taxpayers are the change in passenger fare, until cancellation, after a non-refundable ticket has been purchased. Such charges can exceed $ 100 in most cases, and canceling a non-refundable ticket, as the name implies, means that the traveler will not refund their money. Consumers, in particular, are looking for that mistake, especially since Southwest Airlines, the most popular dispute among American travelers, has never charged a change or cancel fee. Instead, Southwest loans these customers the full amount they have paid in the form of coupons that can be used at any time in the next 12 months. And in doing so, Southwest has led the industry for the most part over the past 30 years, benefiting 47 years in a row, and America's only aviation. USA

Sorensen also reported that "the nature of the problem is over the bottle" because current airlines use more, if not all, of the replacement cost, due to travel restrictions and general travel fears that now lead to a complete collapse of requirements Travel.


The business trip part will never come back

While most business trips will return, despite speculation about how long it will take for the end of the year or three years, the other part of business travel will never return, Sorensen warned. Admittedly, over time, the total number of business travelers and the amount of money they spend in a year will exceed the list in 2019 due to demographic and economic growth. But a certain amount of business travel that took place before COVID-19 simply won't happen because the companies that pay for the trip will disappear.



The Coronavirus Will Not Kill Leisure or Business Travel, but it has changed it markedly, perhaps forever: Business Opportunities via Tourism Overview in detail.


Sorensen says an estimated 5% -10% loss on business travel suggested by Ghost Airlines manager Ben Baldanza is an estimate "as good as any" he has seen or heard. In addition to business travel disappearing as a result of business failures, businesses and entrepreneurs are learning during these difficult travel times that certain business trips can, in fact, be replaced by today's advanced teleconferencing technology. Sales and other types of business travel are likely to remain important and remain the main drivers of travel companies. But many companies are learning right now that they can do more, and do it at a much lower cost, by conference call than before.

Related Posts

The Coronavirus Will Not Kill Leisure or Business Travel, but it has changed it markedly, perhaps forever: Business Opportunities via Tourism Overview in detail.
4/ 5
Oleh

Subscribe via email

Like the post above? Please subscribe to the latest posts directly via email.