Question

the impact of Covid 19 on telecommunication industry and tourism industry? (800 words)

Answer 1

Impact of Coronavirus :- The pandemic of Coronavirus has disturbed the political, social, economic, religious and financial structures of the whole world. All the developed countries like US, UK, Germany, France, Japan are at the backfoot condition. All the economist of the world warned against the worse conditions and situations of the stock market and economy.

The Impact of COVID 19 on telecommuncation industry:-

The COVID-19 outbreak have deep impact on the global telecome infrastructure. The global lockdown has has minimal impact on the telecom infrastructure supply chain. The COVID-19 is effectively a stress on telecom companies ability to cope with extreme shocks. Many telecom companies are not being survive in the initial phase.

The immediate impact for tele-communication companies will be reduction in revenue from mobile charges due to less international roaming and out of home data usage.

The impact of COVID-19 on tourism industry:-

World’s travel and tourism landscape has changed due to COVID-19. Many people have lost their jobs and have a grey future. As a result of lockdowns, no travel possible and the tourism industry is being “badly hit”.

Many people cancelled bookings from february 2020 and leading to “complete paralysis” by March. It is one of worst crisis which hit the tourism industry and all its segments like inbound, outbound and domestic adventure, corporate meetings, conference and exhibitions etc.

Some employees are working from home and others are asked to take their alloted leave. For the many thousands of freelancer making a living out of travel and tourism, for them the situation is as critical. The Tourism sector was already in trouble before the rise of the pandemic, and after the pandemic, it is experiencing slowdown.