How Will The Travel Industry Recover?
It was no secret that the travel industry was by far the worst affected by the coronavirus. With over 13,240,990 confirmed cases, the world was brought to a standstill. The goal, to prevent the further spread of the coronavirus and save the lives of those who are deemed to be most responsible.
The travel industry connects people, whether this be from one side of the city to the other or across the globe. With coronavirus being highly contagious, we were put in a position where we couldn’t connect with others. This had a knock-on effect on all those who worked in the travel sectors. Those who relied on our socialising for their daily income.
The Effect of The Coronavirus
The coronavirus not only affected those within the travel industry, but it also affected every industry under the sun, whether this is in a positive way or in a negative way. Travel just happened to be one of the players who came off worse. Let’s dive into more detail about the effects this pandemic had upon our taxi drivers and airline companies.
Tai Drivers – It’s only until very recently when the public started to use taxi’s again to get about. For the past couple of months we have been advised to say indoors and only go out when essential, thus meant that there was a huge decrease in demand for taxis. A huge part of taxi drivers revenue came from taking people two and from night club and bars. While all non-essential businesses were closed there was almost no need for taxi drivers. Needless to say, the demand for airport transfers was non-existent.
Airline Companies – Airlines were already facing huge problems before the coronavirus even existed. Europe’s largest regional airline Flybe collapsed into administration leading to the loss of more than 2,000 jobs, this all happened only a couple months before the coronavirus began. With many counties banning all tourism from the UK it was no surprise that the demand for flights also dried up. Paired with new social distancing measures, flights became extremely irregular and only for essential travel. This resulted in thousands of airline staff being furloughed.
Travel Restrictions Are Being Lifted
We have now learnt to live with the coronavirus. Life is slowly returning back to a new norm and with advancements being made every day, we can all look forward to the day when all of this is behind us. As of today, there are now a variety of holiday destinations. Some of these holiday destinations include France and Spain which means last minute holidays can be arranged to catch the back end of the summer of 2020.
Moving forward we should start to expect the travel industry to continue to grow in size and recover from this pandemic. Although we are not completely out of this yet, there is some very possible evidence to support we are past the first peak. As long as we continue to stay alert, we should be able to continue doing the things that we love most, yes travelling.
The Future of The Travel Industry
With companies such as Ryanair aiming to be back to 80% of full capacity by September this year, it is clear that the travel industry will make the bounce-back we all expect. Whilst we might expect to see the bounce-back of budget airlines such as Ryanair very soon, there is still a chance that companies that specialise in long haul flights won’t be back in full force until early next year. All lies on the travel restrictions and how other countries deal with the coronavirus. The more countries that reduce travel restrictions, the more money there is within the travel industry.
Kian works for Travelbillity as a marketing specialist. He takes great pride in creating quality content for people looking for airport transfers or minibus hire.