COVID-19: Recovery of the Hospitality industry
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The entire world is still in shock even the infection and fatality rates already started the dive. Once the virus threat is controlled, the next big challenge is to recover from the economic crisis caused by global lockdowns. Almost all industries are affected by the crisis one way or another. Among those affected industries Hospitality takes a special place because it generates revenue for local economies directly and creates millions of jobs across all levels. This post primarily targets SMEs in the hospitality industry, travel agents, tour operators, and policymakers and we discuss possible avenues that may lead to a fast recovery of the industry. The recovery of the industry will align with the end of lockdowns. As many experts predict, end of lockdowns will be carried out through several stages, it will be districts first, then states or provinces, and so on. Be prepared to open your office, hotel, or the establishment on the very first chance you get and start laying plans f...