Mandeep Singh Lamba, President – South Asia, HVS ANAROCK, has said that the hospitality industry would see changes in terms of design and operations after the COVID-19 crisis is over. Speaking at the third TravTalk Digital Conclave, he said, “There are going to be some permanent changes that will happen in the industry, both in terms of operations of the hotels and in terms of design. We need to understand that is perhaps not the last time we are seeing a disruption of this kind. It’s a reality, which can hit us again, and hence we need to be far better prepared the next time. This crisis has stirred the industry into making some serious changes.”
Read More »DDP pledges Rs1 crore to trade under its ‘Standing with the Trade’ initiative
The DDP Group, to support travel and hospitality companies affected by the COVID-19 crisis, has created a media fund of Rs1 crore under its ‘Standing with the Trade’ initiative. The move will help support businesses by providing targeted advertising campaigns, free of cost. Advertisements will be provided on a first-come, first-serve basis. Interested businesses can contact the DDP team through gaganpreet@ddppl.com. This initiative is supported by all of DDP Group’s premier publications, including TravTalk, Tourism Breaking News, TravelTV.News, M!CETalk and Hospitality Talk. Together, these publications reach 600,000 travel and hospitality professionals daily. “The timeliness and effectiveness of our actions as a united industry are more important than ever before and we are hoping that our initiative can assist stressed businesses till the market begins to strengthen again. Although it is difficult to predict how long this might continue, history has enough examples to show that after a time of economic difficulty, industry and countries have always bounced back,” says SanJeet, Director, DDP Group.
Read More »In 2021, global passenger demand to be 24% below 2019 levels: IATA
According to the new analysis by International Air Transport Association (IATA), in 2021 it is expected that global passenger demand (measured in revenue passenger kilometres, RPKs) will be 24% below 2019 levels and 32% lower than IATA’s October 2019 Air Passenger forecast for 2021. This forecast is modelled on the baseline scenario of domestic markets opening in Q3, with a much slower phased opening of international markets. This would limit the air travel recovery, despite most forecasts pointing toward a strong economic rebound late this year and during 2021.
Read More »Tourism between UK and France to restart with no quarantine
The British Prime Minister and President Macron have stressed the need for close bilateral, European and international cooperation in the fight against Covid-19. No quarantine measures would apply to travellers coming from France to the UK at this stage; any measures on either side would be taken in a concerted and reciprocal manner. The leaders spoke about the need to manage the risk of new transmissions arising from abroad, as the rate of coronavirus decreases domestically. In this regard, the Prime Minister and the President agreed to work together in taking forward appropriate border measures. This cooperation is particularly necessary for the management of our common border. A working group between the two governments will be set up to ensure this consultation throughout the coming weeks.
Read More »Sale of hotel assets likely to increase in second half of year: JLL
India’s hospitality industry has declined sharply in the first quarter of 2020, as the COVID-19 outbreak impacts various segments of the sector. A recent report by JLL states, “Investment action will likely get deferred as the sector rebuilds itself after containment of COVID-19, however, we estimate that more assets may fall in the ring for sale in the latter half of the year.” While 2020 started with a strong deal pipeline estimated at about US$ 1 billion worth of tradeable assets, JLL’s findings reveal that growth and development is likely to slow down in the next two years and projects under development will likely get delayed and raising development finance will also become more challenging.
Read More »Tourism likely to undergo radical changes; domestic travel key in driving demand: Amitabh Kant, NITI Aayog
Amitabh Kant, CEO, NITI Aayog has said that tourism as a product is likely to undergo radical changes and the revival of domestic tourism, with necessary safety protocols, will be key in driving demand for future. Kant made this statement during the Empowered Group 6 meeting with representatives from tourism and travel industry to discuss the immediate challenges posed by the pandemic and way forward for the sector post COVID-19. Along with FAITH, its 10-member association representatives attended the meeting along with WTTC.
Read More »FAITH requests CMs of all Indian states for state specific support package
Federation of Associations in Indian Tourism & Hospitality (FAITH) has appealed to the Chief Ministers of each state for coming up with a state specific package. FAITH has shared with each state their share of domestic and foreign tourists and how most of those total tourist footfalls will now not be available for 2020-21. A statement released by the association mentioned that almost all of India’s top performing foreign source markets for tourism (USA, Canada, UK, Germany, China, Japan, Singapore, Russia, Italy, Spain), are severely impacted and are not likely to travel before FY 2021 – 22. Owing to this, tourism business has come to a standstill in FY 2020-21. “The interstate domestic season which happens almost 60%+ in the April – July period has collapsed for the year FY 2020 – 21 and will be negligent for the rest of year with stringent travel restrictions and reduced connectivity across Indian states. FAITH has been repeatedly saying to all key Government bodies that the Tourism industry of India first needs to SURVIVE, then needs to REVIVE and then only can it THRIVE,” read the statement. FAITH has appealed to the Chief Ministers of each state for coming up with a state specific package. A complete waiver of all fixed electricity and other utility charges for FY 2020-21 without any penalties. A complete waiver of all excise duties for FY 2020-21 without any penalties. A renewal of all licenses, permits, permissions which were expiring in FY 2020-21 without any financial charges or penalties. A refund of the FY 2019-20 of SGST collected from all travel agents, tourist transporters, hotels, tour operators, restaurants and any other tourism, travel & hospitality enterprises in …
Read More »Domestic tourists aged 18-35 will travel first; short-haul countries to pick up next: WTTC
The World Travel & Tourism Council (WTTC) has outlined what the ‘new normal’ will look like as countries begin to end their COVID-19 lockdowns and ease travel restrictions. As travel gradually returns to normal over the coming months, WTTC predicts that the first to return will be domestic markets with staycations, then to a country’s nearest neighbours before expanding across regions, and then finally across continents to welcome the return of journeys to long-haul international destinations. WTTC also believes that younger travellers in the 18-35 age group, who appear to be less vulnerable to COVID-19, may also be among the first to begin travelling once again. The tourism council also informs that new protocols and standards are being defined following feedback and multiple conversations with WTTC members, as well as collaboration from associations who represent the different travel sectors.
Read More »MOT constitutes ‘National Tourism Task Force’ for revival of the sector impacted by Covid 19
The outbreak of COVID 19 has had a major impact on the tourism sector and its revival is of paramount importance, it’s the major contributor of employment as well as GDP. National Tourism Task Force constituted by MOT will meet the challenge posted by the outbreak of Covid 19 and make appropriate recommendations for the revival of the tourism sector in the country. The task force will be headed by Prahlad Singh Patel, Minister of State for Tourism and Culture (IC), and it will include: State Tourism Ministers; Joint Secretary level officers of the concerned central ministries; Industry associations, CII, FICCI, ASSOCHAM, WTTC, etc and the heads of Tourism and Hospitality Associations. Ministry of Tourism will hold the first meeting of the National Tourism task Force shortly in all probability through video call.
Read More »Foreign arrivals in South Asia likely to reduce by 31% this year: PATA
Under the newly updated forecasts from the Pacific Asia Travel Association (PATA), the most likely scenario for international visitor arrivals into South Asia in 2020 is that visitor numbers are likely to reduce by 31% year-on-year. That effectively takes visitor volume back to levels last seen in 2012. At this stage, growth is expected to resume in 2021, returning to forecast levels by 2023. Much of course, depends on how quickly and completely the COVID-19 pandemic is contained and controlled. South Asia is also expected to suffer a loss of US$13.3 billion.
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