THE IMPACT OF COVID-19 ON TOURISM (MORE DETAILS)

 

The pandemic has had an enormous impact all over the world. Lots of employees

especially in the hospitality industry as well as hotels & tourist attractions lost their jobs and had a long period of unemployment. Therefore, many people are having a hard time paying the rent and bills. At the same time, some people have mental stress about not going outside not as much as they used to. In addition, the MICE industry has been seriously affected by economic issues due to the spread of virus and lockdown as follows.

Business impact on travel and tourism

 Keeping in mind the unexpected travel limits, the United Nations World Tourism Organization believes that international tourists will be reduced by 20% to 30% in 2020, when compared to last year. To change how we are looking at this, they also drew a comparison from the SARS outbreak in 2009. It has led to loss of just 0.4% of the international tourist market. The hotel industry makes up 10% of the worldwide GDP.

Starting in Asia, there were breaks and production which now have spread to supply chains across the world. No matter what size the businesses, they are facing serious challenges, especially those in the air travel, tourism, and hospitality trades, with a possibility of losing a lot of money, collapses, and job losses in specific areas.  Small and medium businesses will be particularly difficult for the supporting business strategies.  

 Impact of the covid19 on MICE industry

 Research conducted by ICCA during May 2020, in collaboration with AFSAE, APFAO, and ESAE examined the post COVID-19 strategies and plans of almost two hundred associations around the world. Amongst the more in-depth results, which are available to ICCA members and the ICCA Association Community and the members of the partner associations, key findings in the research include:

• 66% believe that COVID-19 will fundamentally change how they

operate in the future. 

• Events are under review by 47% of associations, whilst 43% are

reviewing their digital propositions and 42% their membership models. 

• 84% intend to include hybrid and digital elements to events

           going forward, with a general opinion that they should lead to increased

attendance. 

• 60% of respondents believe that there are limitations to the

ultimate success of virtual events when compared to face to face. 

• 28% said geographic rotations are under review and likely to

change in the future. 

• 78% would consider the use of a meetings management company

going forward. 

 

•  There is significant opportunity for the supply side of the meetings in meetings industry to support clients through increased flexibility and Innovation.

In addition, due to coronavirus, it has affected a variety of places including a surge of global Internet usage and increased mobile use. Visual Capitalist visualizes and introduces how many online services we have used in 2020. Based on data using online services for one minute, Zoom had 200,000 participants, 8,333 people, YouTube had 500 hours of video uploads, and Microsoft Teams had 50,000 and 2,083 connected users. The number of online streaming users is also steadily growing. Internet users are also rapidly rising. The number of Internet users increased by 1.5 billion from 3 billion in 2014 to 4.5 billion in 2020. As of 2020, the world's population is 7.8 billion, with an Internet penetration rate of 57 percent. Due to the influence of Corona 19, the non-contact based on IT industry and technology are drawing attention and countless changes are taking place in our lives. During this trend, the MICE industry is also undertaking a lot of changes.