Hospitality insights
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This document provides an overview of the impact of the COVID-19 pandemic on the hospitality industry in India. It discusses key aspects of the topic such as the effects on lodging, food and beverage, recreation, and travel and tourism. The pandemic has had a major impact globally with over 26 million cases worldwide and has resulted in an estimated loss of 500 million jobs in Asia and 70 million jobs in Europe. In India, while the hospitality industry is expected to bounce back, the near future is predicted to be weak with a potential erosion of leisure markets and lesser investment and cooperation.
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This document summarizes the impacts of COVID-19 on the tourism and banking sectors in Bangladesh. It discusses how the pandemic severely impacted tourism through international flight cancellations and job losses in the tourism industry. It also notes the economic impacts, including an 80% predicted drop in international tourism. Regarding banking, the document outlines challenges like financial difficulties for management and increased non-performing loans. It provides statistics on affected bankers and declining private sector credit growth. Finally, it summarizes policies from the Bangladesh government and central bank to support these hard-hit sectors during the pandemic.
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This document summarizes the impacts of COVID-19 on the tourism and banking sectors in Bangladesh. It discusses how the pandemic severely impacted tourism through international flight cancellations and job losses in the tourism industry. It also notes the economic impacts, including an 80% predicted drop in international tourism. Regarding banking, the document outlines challenges like financial difficulties for management and increased non-performing loans. It provides statistics on affected bankers and declining private sector credit growth. Finally, it summarizes policies from the Bangladesh government and central bank to support these hard-hit sectors during the pandemic.
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Approximately 300 hotels will come up in India over the next three years, constituting about 17% of Asis’s hotel constructions pipeline. India has the second largest number of hotels (292) under construction after Chine (592). The hotel projects under construction include projects from companies such as Four Seasons, Carlson Rezidor Hotel Group, Hilton Worldwide, Hyatt Hotel Corp., and Indian Hotels.
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The document summarizes the economic impact of COVID-19 on the Indian economy. It notes that while India has successfully contained the virus so far, the pandemic has disrupted normal economic activity. Key sectors like manufacturing, construction, wholesale/retail trade, and transportation have been highly affected. The government has introduced various economic relief measures, and states have provided cash transfers and food rations to support citizens. Overall, COVID-19 presents an opportunity for India to play a leadership role globally, but economic recovery will be challenging given pre-existing slower growth.
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The document provides an overview of the tourism and hospitality industry in India. Some key points:
- India's tourism industry has grown significantly in recent years and is a major contributor to the country's GDP and employment. Foreign tourist arrivals reached 10.55 million in 2018.
- Domestic tourism will be a major driver of future growth in the sector. Spending from domestic travelers is expected to account for around 88% of total tourism spending by 2028.
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This document summarizes the impacts of COVID-19 on the tourism and banking sectors in Bangladesh. It discusses how the pandemic severely impacted tourism through international flight cancellations and job losses in the tourism industry. It also notes the economic impacts, including an 80% predicted drop in international tourism. Regarding banking, the document outlines challenges like financial difficulties for management and increased non-performing loans. It provides statistics on affected bankers and declining private sector credit growth. Finally, it summarizes policies from the Bangladesh government and central bank to support these hard-hit sectors during the pandemic.
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The document provides an overview of the tourism and hospitality industry in India. Some key points:
- India's tourism industry has grown significantly in recent years and is a major contributor to the country's GDP and employment. Foreign tourist arrivals reached 10.55 million in 2018.
- Domestic tourism will be a major driver of future growth in the sector. Spending from domestic travelers is expected to account for around 88% of total tourism spending by 2028.
- The government has implemented several initiatives like e-visas and infrastructure development schemes to boost tourism. Emerging areas like wellness, cruises, and adventure tourism are growing segments.
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The document provides an overview of the tourism and hospitality sector in India. Some key points:
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- Foreign exchange earnings from tourism grew 4.7% year-on-year to $28.59 billion in 2018. International tourist arrivals are projected to reach 30.5 million by 2028.
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While it is true that many industries suffered great losses and likely to struggle for years, opportunities are also emerging especially for emerging tech.
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Tourism is an important industry for many countries' economies, providing jobs and income. The document discusses how tourism in India has grown significantly in recent decades due to factors like rising incomes, cheaper travel, and aggressive marketing of destinations. If developed sustainably, tourism can benefit local economies but also risks environmental and cultural impacts that need to be managed carefully.
The impact of covid-19 on tourism industry in bangladesh
The COVID-19 pandemic has significantly impacted the global tourism industry through widespread travel restrictions and a decline in demand. International tourist arrivals are estimated to decrease by 20-30% in 2020, resulting in $30-50 billion in lost revenue. Tourism-reliant sectors like hotels, restaurants, casinos, cruises, and retail are struggling with less business. Countries like China, India, Singapore and Japan saw large declines in foreign visitors of over 50% in early 2020. Many interconnected industries are affected by the downturn in tourism caused by the pandemic.
Impact of COVID-19 on Global Consumers and Emerging Opportunities
COVID-19 is a humanitarian crisis as such the world has not seen for generations. For the consumers, it is a shock of unprecedented proportions. Consumer behavior in many sectors is going to change in the post-COVID era. Evidence shows that consumers have become more home-bound, digitally adopted, health-conscious, and community-driven.
While it is true that many industries suffered great losses and likely to struggle for years, opportunities are also emerging especially for emerging tech.
The pandemic has accelerated the shift to eCommerce and delivery services. Not only existing categories and consumer segments experienced a boost - new products and consumer segments found their way to eCommerce and delivery. As people are likely to continue spending more time at home, these sectors likely to see long-term growth. The retail subscription business also got a boost from the pandemic. The growth is driven by daily essentials. Hyper-local commerce, Social Commerce and Group-Buying are getting a stronghold as consumers are becoming more and more community-oriented.
Subscription Video on Demand (SVoD) services saw accelerated growth in both the number of subscribers and viewing time-span. The idea of entertainment is evolving supporting the SVoD sector for the long term.
The messaging apps saw significant growth due to the pandemic. Techcrunch reports that “WhatsApp has seen a 40% increase in usage that grew from an initial 27% bump in the earlier days of the pandemic to 41% in the mid-phase. For countries already in the later phase of the pandemic, WhatsApp usage has jumped by 51%”. As people were forced to stay at home - entertainment also shifted indoors. COVID worked as a boon to the Video Gaming and Esports industry.
COVID-19 has accelerated digital adoption in healthcare. Indian health platform Practo saw a 600% increase in online consultation between March and August 2020.
As COVID-19 forced the Gyms and similar facilities to remain closed, people quickly adopted to use fitness apps, streaming services, wearables, and connected devices. As making time for visits to the gym was inconvenient even before the pandemic, this change of behavior i.e. fitness at home likely to stay in the long term.
Social distancing forced people to buy pharmaceuticals online boosting the growth of online pharma. At the same time, sales of supplements increased significantly as people focused on boosting their immunity.
It is expected that small towns and rural areas are likely to lead the recovery creating opportunities for Agritech and Vernacular Tech.
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Hospitality insights
- 1. Hospitality Insights By- Yug pratap singh
- 2. Overview Features of the Topic 02 Impact on industries 03 India fights back 04 01 Table of Contents
- 3. The coronovirus COVID-19 pandemic is defining global health crisis of our time and the greatest challenge we have faced since WW2. Introduction
- 4. ● Hospitality insights pre and post Covid-19 ● Lodging, Food & Beverage, Recreation, Travel & Tourism ● Impact on India What Is This Topic About?
- 5. “The best way to find yourself is to lose yourself in the service of others.” —Mahatma Gandhi
- 6. Tourism and Hospitality Industry Hospitality market rate is expected to grow grow around $5.891 billion by 2022. Improved oppourtunity with improved earning market. Changes in market trend according to types product , geography. Key players US, Spain, India etc..
- 7. Tourism and Hospitality in India Advantages India: Roburst demand, attractive oppourtunity, policy support, diversive actions.
- 8. Features of the Topic Comida y bebidas Food & Beverages Yaatra evan paryatan Travel & Tourism Unterkunft Lodging Des loisirs Recreation
- 9. To travel is to live
- 10. Lakhs COVID-19 cases around the world 26,53,422
- 11. Most popular destinations A B France 89.4million 86.9million Spain 82.8millio 81..8millio n United states 79.6million 76.9million
- 12. 5,00,00,000 crores jobs could lost Crores in Asia 3,00,00,000 Lakhs in Europe 70,00,000
- 13. 01 Zero Base demand Economy and mid scale segments at 20 to 30 percent. Hotels are occupied for essentials services. Did You Know? 03 02
- 14. Various travel companies OYO Expedia Group Reportedly to sell $1 billion stake to Silver Lake and Apollo Cuts fixed pay of India employees by 25% Lemon Tree Senior management to take a pay cut Swiggy Is cutting about 1,000 jobs Indigo Stock price is in negative Flight Centre Cutting 800 stores in variou stores
- 17. Bounceback Summer approaches but social distancing peak. 01 02 03 04 No new investment and cooperation Stay local and lesser popular destinations. Prediction positive direction nearly one year
- 18. India Amount to be weak Q4 2020 , weaker Q1 2021 A B C Various tier two and tier three hostel markets continue to witness a small eroison in market. Leisure market spike in cancellations.
- 19. CREDITS: This presentation template was created by Slidesgo, including icons by Flaticon, and infographics & images by Freepik Thanks! Do you have any questions? yug.singh_bba18@gla.ac.in