The tourism industry is the world’s largest industry and in many countries, it is the backbone of the economy. However, when the COVID-19 pandemic has started, many industries have been hit. But the tourism and travel industry suffers a lot due to this pandemic. It’s sad to see how the technological revolution that brought us all to make travel and tourism easy and affordable, and which drives 4 billion tourists a year, is fighting with a virus that requires us to stay at home, and we do not move.

Impact of coronavirus on the tourism industry

The COVID-19 pandemic was first identified in the Wuhan region of China in late 2019. And now spread in dozens of countries all over the world.

Some of the critical details to know:

  • More than 3 million cases have been confirmed.
  • More than 200,000 deaths have been recorded.
  • Around 210 territories or countries have been affected by the Corona Virus.
  • And more than 800,000 are the recovery of symptoms. The rest is still under observation or quarantined.

The World Health Organization declared the spread of COVID-19 coronavirus a global pandemic on March 11. The COVID-19 outbreak has an inevitable impact on the tourism industry, not only limited to hotels, but it has affected airlines, cruise ships, and as a result even the car rental industry a lot.

Global statistics for clarity about the tourism industry and covid-19

Now let’s take a look at the global statistics for clarity about Covid-19 and the tourism industry. From 1 January 2020 to 29 February 2020, the trend in room turnover experienced a sharp decline globally. It showed a decrease of 16% month to month, for the month of January to February; this analysis was performed by Rate Gain, a tourism technology company.

The downward trend in room revenue can directly attribute to the decline in total bookings in the same month. According to the survey, it shows that reservations made during the month for any future date in the next 12 months, showed that reservations were reducing globally by 9%.

The company even compared the change in% of reservation data from the first week (1-7 March 2020) with the second week of March (8-14 March 2020). According to the analysis, all destination countries showed a decline in bookings in week 8. For example, Italy recorded a staggering 20% ​​decline from the first week to the second week of March due to the total closure across the country.

How to face such difficult times for the tourism industry?

Unfortunately, we have no idea when this pandemic will end, but all we can do is practice social distancing and have faith. What we do know is that millions of jobs are at stake that we need to protect, especially vulnerable segments such as SMEs, the self-employed, women, and young people. We must have survival mechanisms/plans for companies.

One thing is for sure, we need strong support to address the unprecedented economic and social consequences of Coronavirus. What we need today are fiscal and monetary measures to help protect jobs. It helps the liquidity and operation of the self-employed and businesses and speeds up recovery.

To help all hoteliers today, we need effective tourism, technology platforms like Rate Gain’s OPTIMA. It helps hotels maximize their chances of getting a significant share of the business available in the market. Therefore, this software can be more helpful for you to understand better opponents who are in the same business field.

Tourism industry as an employment provider

As you know, tourism is an important provider of employment for many people, especially women and young people. They also believe that the sector with a proven ability to recover and help other sectors.

Last but not least, we need a robust mitigation and recovery plan that supports the sector. And also help to create returns across the economy and employment. In conclusion, these were some of the steps that the tourism and hospitality sector. As it can take for a better and more secure future.