After Coronavirus, What Is Awaiting Hotels and Tourism

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    • Turkey

What are the hotels waiting for hotels and tourism after Coronavirus?

Turkey cheaper in foreign markets, unfortunately, has the country's image in the domestic market expensive. Turkish or foreign people make their holiday decisions according to their social and economic location. Famous football player Ronaldo gave the first example of possible holiday behaviors of upper income groups. He bought him an island; He retreated to his island with his relatives and employees. Yes, there are not enough islands for everyone, but there are enough villas for everyone. This year, the upper income group will choose independent villas with their own swimming pool. The demand for us is mostly from lower and middle income groups. Unfortunately, to my knowledge, there is no recent research on the price and income elasticities of Turkish Tourism Demand.
 
In 2020, it is predicted that only World Tourism will decrease 3.5%, or approximately 1.4 trillion dollars, due to tourism. It will not be surprising that the contraction in other production and service areas, especially in the textile industry, and the contraction in the World Product reached 20%.

The world will face a much more severe crisis than 1929. Tourism should also be expected to rank high in the list of expenditures to be postponed, even if it is not the first to give up in the face of shrinking incomes. This contraction will be much more severe in the domestic market.
 
So, what are we going to do in the face of all these negativities? Should we turn our facilities into elderly nursing homes? First of all, we should know that almost all sales will be the last minute this year and we must have established our new system that will convince him until the decision-making date of the consumer.

Some circles argue that it may be a good opportunity to get out of the Corona Crisis' all-inclusive system. My conviction is just the opposite. The most important advantage of the all-inclusive system is that the guest knows how many pounds they will get out of their pocket on the way. Especially in the shrinking economies, it is very important to know the total expenditure amount in advance.

Published date: May 4, 2020 Publisher / Owner : Turkey Daily Beaking News Online

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