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It would be surprising if marketing wasn't already down by 99% a month ago. Travel industry is going through an existential crisis. Even when the pandemic is co
by blackoil 7y ago
It would be surprising if marketing wasn't already down by 99% a month ago. Travel industry is going through an existential crisis. Even when the pandemic is controlled, it would take atleast 1-3 quarters for consumer confidence to be back enough to sustainable tourism industry. Corporate will also reduce travel because of scare and in general financial pressure.
Places like Maldives, Bali, Hawaii will be badly hit, as most of the economy is based on tourism.
- 3fe9a03ccd14ca5 7y agoThis is precisely why I’m largely against bailouts. This is a time for the better run companies — whose CEOs were prudent, saved up for a rainy day, and are all-around better operators — should be snapping up inferior run companies at bargain prices. The sick companies should be allowed to die a peaceful death so the better ones can multiply.
- hn_throwaway_99 7y ago> The sick companies should be allowed to die a peaceful death so the better ones can multiply. I don't quite buy that for travel, though, which is in a depression that has never been seen before. It's not like putting some antibiotics on a petri dish and letting the "strongest" microbes survive to reproduce. It's like throwing the petri dish in an incinerator and saying "Oh yeah, just waiting for those fire-resistant microbes to get stronger!"
- TearsInTheRain 7y agoThis virus is not just going to kill sick companies, but also plenty of otherwise healthy ones.