The resurgence of the epidemic in Europe, the newly resurrected tourism and aviation industries are hit again
According to the Financial Times, Ryanair’s CEO Michael O’Leary predicts that there will be a “tough period” next month. The increase in the number of new crown cases will inevitably disrupt the tourism industry, especially at the time when people are making Christmas travel plans.
He added that this uncertainty may also put pressure on bookings for next summer, because bookings for next summer often also happen between Christmas and New Year.
Axel Hefer, CEO of Trivago, a travel plan development website, said that the increase in the number of new coronary pneumonia cases on the European continent and the blockade of many European countries have affected the willingness of Europeans to travel. Searches for domestic and international travel in Austria have fallen by 50%, in the Netherlands by 35%, and the government has imposed new restrictions on bars, restaurants and non-essential shops.
According to data from hotel industry data provider STR, the room occupancy rate in Amsterdam has dropped from 62% in the last week of October to 41% this week, and room occupancy rates in Vienna and Munich have also declined.
However, even though the epidemic is still hitting the tourism industry, the situation is much better than earlier this year.
Data from travel booking company Amadeus shows that so far this month, flight searches have increased by 80% over the same period last year.
Financial services provider Goodbody Aviation analyst Mark Simpson (Mark Simpson) said that the airline’s current difficulties should not affect the long-term recovery prospects.
“Aviation stocks have dropped their prices, as if they are facing the risks of last year, but I have not seen this situation. You must remain confident in the difficult times in the coming months.”