HospitalityBiz India
Hotels FoodService Operations Ministry Associations Equipment Editorial HR Technology Technology Advisory Board Community
Follow us on Facebook Follow us on Twitter instagram
    Home > Ministry
MINISTRY

‘Corporate travel will resume for reviving broken supply chains & tapping new markets’

Tuesday, May 12, 2020, 16:04 Hrs  [IST]
Disha Shah Ghosh | Mumbai

With border and land restrictions in force due to the COVID-19 pandemic, the world and businesses will have to make changes to their functioning. However, despite this, corporate travel will eventually resume and business representatives will have to travel to aid demand generation.
 
Expressing his views at TAAI’s Road to Recovery e-panel discussion, Rakshit Desai, Managing Director, FCM Travel Solutions, Indian subsidiary of FCTG, Australia, said, “Corporate travel will have to be divided into the scenario this year and a year from now. This segment has been constrained right now with suspension of travel activities. However, to access new markets and tap new businesses and segments, corporate travel will have to pick up once situation improves. Despite technology being an enabler, people to people exchange is still a critical factor in improving business and expanding geographies.”

Desai was of the view that fresh logistical framework will have to be put into place. “Once the lockdown is lifted and the situation eventually resumes to normalcy, broken supply chains will have to be revived. The time taken for revival will eventually determine the costs involved.”

With regards to the new normal scenario, Desai shared that customers and suppliers like hotels and airlines will have to make adjustments. “These factors will be critical in deciding the credit worthiness.”

Separately, commenting on job losses due to the sudden halt in business, he stated, “Besides permanent pressures, there will be temporary salary cuts. Pragmatic solutions are required and everyone will have to make adjustments. Alongside hotels and airlines, even agents, including corporate travel management companies, require capital support. If all of us can reach a common working ground, we can sail through reasonably.”  

 
Print News Email News Back
Bookmark to Add to NewsvineNewsvine Bookmark with del.icio.usdel.icio.us Digg ItDigg
Add RSS to Add to Google Add to My Yahoo! Subscribe with Bloglines Subscribe
 POST A COMMENT
* Name :    
* Email :    
* Message :  
   
RELATED NEWS
»  Mythbusters: Recovery Edition – Part I
»  ‘The recovery for hotels will be based around - efficiency, automation, & technology’
»  Sabre partners with GOPASS Global to mitigate travel risks while increasing confidence to travel
»  ED transfers UBL shares worth over INR 5,600 cr to recovery officer's demat account
»  Banks to lend INR 15,000 crore to hotels, restaurants, travel agents, SPA owners
»  Ascott offers Global Telehealth, Telecounselling & Travel Security Advisory to Guests
»  Early booking trends suggest a V shaped recovery in Summer 2021 for Leisure Hotels Group
»  FAITH urges Centre for GST rationalisation of tourism, travel & hospitality industry
»  IMC organises online interaction on Multi-Pronged Strategies to Rebuild Tourism and Travel
»  Despite better occupancies, full recovery still a long way to go: Marriott International
»  Lords Hotels and Resorts appoints Ashutosh Vaidya as General Manager – Sales at Corporate Office, Mumbai
»  Almost 65% Indians intend to travel for leisure and explore new destinations in 2021, reveals report
»  Prakritii Cultivating Green ties up with leading hotel chains to reduce plastic disposables
»  IFC And IHCL Launch Global Call For Innovators To Bring Climate-Smart Cooling Solutions To Indian Hospitality Sector
»  HRS Redefines Sustainable Business Travel with Green Stay Initiative
»  Beyond Designs Bistro launches in MG Road, New Delhi
»  Domestic travel will continue to aid recovery for hotels in 2021: JLL
»  Marriott Bonvoy Mobile App refreshed to offer personalised experience for travel
»  Travel and tourism noticeably absent from Budget 2021-22, says HAI
 
CoverStory
Analysis
 
  The Indian Institute of Architects (IIA) Natcon 2020 virtual event concludes successfully
  Winners of The Park Elle Décor Student Contest felicitated at Indian Design ID 2020
 
weekly
Receive the best of Hospitality content in your mailbox.
Weekly e-Newsletter
Events Calendar




Events
 
 
people
interview
newappoint
expert
© Copyright 2016 Saffron Synergies Pvt Ltd
HOME   |   ABOUT US   |   CONTACT US   |   FEEDBACK   |   DISCLAIMER   |   SITE MAP   |   ARCHIVES