A look at the present and future of airlines and hotels
The ongoing COVID-19 pandemic has proved especially difficult for the travel and hospitality industries. With travel restrictions, shelter-in-place orders, and consumers’ unwillingness to travel, airlines, hotels, and public transportation (among other industries) have all seen heavy declines in revenue. These industries will have to reimagine their pricing and marketing strategies to account for lower demand and cater to available consumer segments.
In my earlier article on key economic and financial indicators, I discussed the Bloomberg Economics Recovery Tracker, which chronicles the performance of various industries. Below is the tracker until August 28th, signifying the continued struggles of airlines and public…
Discussing key financial, economic, and industrial metrics
With the COVID-19 outbreak forcing a global economic closure, major countries have experienced lows in economic output, business and consumer sentiment, and industry activity. Many countries have seen their curves flatline, and signs have duly pointed to the start of a slow recovery. However, the US continues to see high case numbers, and consumer confidence in the economy remains low. Recovery will likely vary by industry, with some predicted to witness a V-shaped revival and others experiencing fluctuations before returning to pre-COVID levels.
The pandemic and the ensuing economic downturn have also led to volatility in the stock market, as…
Sumantra Banerjee
Student @ NYU Stern | Economics | Financial Markets | Cryptocurrency.
