Go Back  FlyerTalk Forums > Travel&Dining > Travel Health and Fitness > Coronavirus and travel
Reload this Page >

What are most affected industries by Covid?

What are most affected industries by Covid?

 
Old Aug 31, 2020, 7:37 pm
  #1  
Original Poster
 
Join Date: Dec 2007
Location: Virginia City Highlands
Programs: Nothing anymore after 20 years
Posts: 6,892
What are most affected industries by Covid?

My family member works at quite a large company in Asia which also has travel agency as a subdivision.

During recent call it was mentioned that for Asia, quote:

“Business for the travel subdivision has dropped by 99.1% and in number of countries it was 100%.”

This prompted me to ask question - where one can get (reliable) information which industries have been most affected by Covid globally, per region and per country?

Thank you.

Last edited by invisible; Aug 31, 2020 at 7:44 pm
invisible is offline  
Old Aug 31, 2020, 7:59 pm
  #2  
 
Join Date: Aug 2009
Posts: 501
Originally Posted by invisible
My family member works at quite a large company in Asia which also has travel agency as a subdivision.

During recent call it was mentioned that for Asia, quote:

Business for the travel subdivision has dropped by 99.1% and in number of countries it was 100%.

This prompted me to ask question - where one can get (reliable) information which industries have been most affected by Covid globally, per region and per country?

Thank you.
ente_09 is offline  
Old Aug 31, 2020, 8:02 pm
  #3  
 
Join Date: Aug 2009
Posts: 501
Once cold temperatures arrive, upscale restaurants outside of So. Cal, will be in big trouble.

How can movie theaters survive?
ente_09 is offline  
Old Aug 31, 2020, 8:36 pm
  #4  
 
Join Date: Apr 2016
Location: BNA (Nashville)
Programs: HH Diamond
Posts: 6,211
I’ve seen unemployment numbers by job sector. In the US, the hardest hot job sector was leisure and hospitality.

In the spring, leisure and hospitality unemployment In the US.was north of 40%. It has now dropped to an average of 25% in the US.

the hotel accommodations subsector Has a 38% unemployment rate. That’s the biggest hit. That and concerts.

I am using the Bureau of Labor Statistics for US date. GDP stats would be more accurate but harder to break out.

The link I used is here: https://www.bls.gov/iag/tgs/iag70.htm
bitterproffit is offline  
Old Aug 31, 2020, 8:46 pm
  #5  
 
Join Date: May 2010
Location: AVP & PEK
Programs: UA 1K 1.8MM
Posts: 6,275
What are most affected industries by Covid?


Let's see....
- Mask manufacturers
- Vaccine producers
- Telecommunications industry
- Online grocery delivery
- Video conferencing companies
- Data storage services
- Hardware and Building Supplies retailers


...oh, unless, of course, you mean affected negatively?
ajGoes and Dublin_rfk like this.
narvik is offline  
Old Aug 31, 2020, 9:29 pm
  #6  
Original Poster
 
Join Date: Dec 2007
Location: Virginia City Highlands
Programs: Nothing anymore after 20 years
Posts: 6,892
Both negativity and positivity.
invisible is offline  
Old Sep 1, 2020, 3:35 am
  #7  
Hilton 10+ BadgeAccor 10+ Badge
 
Join Date: Nov 2012
Location: Rhineland-Palatinate
Programs: *A Gold (A3), HHonor Diamond
Posts: 5,640
Positively the "at home fitness" industry has grown a lot, one specific personal trainer mentioned in his area the market share grew up 600%.
fransknorge is offline  
Old Sep 1, 2020, 6:40 am
  #8  
 
Join Date: Sep 2013
Location: CHS
Programs: UA GS, Bonvoy Amabassador, Hertz PC
Posts: 2,589
I work in energy and power generation.....

We have been negatively affected by the fact we can't get consistent flights
Getting various state departments to issue quarantine waivers so we can fly to different countries and work - assuming we can even get a flight
Staying in hotels with little or no service

On the bright side - uber eats is my new best friend
Hipplewm is offline  
Old Sep 1, 2020, 7:44 am
  #9  
Suspended
 
Join Date: Jul 2001
Location: Watchlisted by the prejudiced, en route to purgatory
Programs: Just Say No to Fleecing and Blacklisting
Posts: 102,103
Those businesses involved in large group events/conferences are definitely hurting in many places.

Bankruptcy filings and commercial space availability/closures will eventually tell a substantial story about what industries got hit hardest.
wrldwide1 likes this.
GUWonder is offline  
Old Sep 1, 2020, 8:11 am
  #10  
 
Join Date: May 2015
Posts: 142
GDS like Sabre and Amadeus will be hit hard. I believe they only get any payment if a PAX flies.

What would happen if Sabre or Amadeus went out of business?
Governments are usually willing to bailout airlines , I'm not sure about bailouts for a GDS
bricksoft is offline  
Old Sep 1, 2020, 8:14 am
  #11  
 
Join Date: Mar 2005
Programs: Continental Onepass, Hilton, Marriott, USAir and now UA
Posts: 6,374
Performance industry is devastated. Think concerts, Broadway, etc.

Many have done some socially distanced outside events but once cold weather encroaches, even that small outlet is eliminated.

As an addendum, how about sports??
radonc1 is offline  
Old Sep 1, 2020, 9:39 am
  #12  
 
Join Date: May 2002
Location: Arizona
Posts: 5,681
Yep that Socially distanced concert event in the NY Hamptons went over really well. haha https://www.nytimes.com/2020/07/27/n...istancing.html

Originally Posted by radonc1
Performance industry is devastated. Think concerts, Broadway, etc.

Many have done some socially distanced outside events but once cold weather encroaches, even that small outlet is eliminated.

As an addendum, how about sports??
Centurion is offline  
Old Sep 1, 2020, 9:44 am
  #13  
 
Join Date: May 2011
Posts: 314
Conferences and trade shows. While many of the individual organizations that put on the conferences have been able to pivot to doing them virtually, some simply can't, and the fallout from no large live meetings has been devastating. It's not just the hotel employee's and local business that get impacted. It's the AV techs, the decorators, the caterers. Most of those companies have cut their staff between 50-90%, and I know of a couple that have already folded.
Emma1420 is offline  
Old Sep 1, 2020, 10:36 am
  #14  
 
Join Date: Dec 2014
Location: Haze gray and underway
Programs: UA 1K 2MM, HH Diamond, Marriott 'clink clink' Titanium
Posts: 1,782
Originally Posted by narvik
What are most affected industries by Covid?


Let's see....
- Mask manufacturers
- Vaccine producers
- Telecommunications industry
- Online grocery delivery
- Video conferencing companies
- Data storage services
- Hardware and Building Supplies retailers


...oh, unless, of course, you mean affected negatively?
and On-site tech support.
Dublin_rfk is offline  
Old Sep 1, 2020, 10:38 am
  #15  
 
Join Date: Dec 2014
Location: Haze gray and underway
Programs: UA 1K 2MM, HH Diamond, Marriott 'clink clink' Titanium
Posts: 1,782
Originally Posted by radonc1
Performance industry is devastated. Think concerts, Broadway, etc.

Many have done some socially distanced outside events but once cold weather encroaches, even that small outlet is eliminated.

As an addendum, how about sports??
Nah, No need to blame the virus, (pro)sports is doing it to itself.
Dublin_rfk is offline  

Thread Tools
Search this Thread

Contact Us - Manage Preferences - Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service -

This site is owned, operated, and maintained by MH Sub I, LLC dba Internet Brands. Copyright © 2024 MH Sub I, LLC dba Internet Brands. All rights reserved. Designated trademarks are the property of their respective owners.