Corona virus Travel Advisory: The opportunities for the travel & tourism industry

Other media houses have given you all the information you need to increase your anxiety or information on preventive measures from Corona Virus. However, I am here to tell you what opportunities lie here and how we can leverage it as tourism stakeholders (as a tourist and as a tourism practitioner). It is no news that a lot of companies and industries are loosing market share during this pandemic, most especially the tourism industry among-st many. However, still in this same period there are some companies winning. Some of these companies “knowingly or unknowingly” put in strategies for growth for times like this. Or their companies are basically built for this e.g any healthcare company. So we call these people the winners, as the stock exchange market would classify some. I was asked by my uncle “Fisayo how can your company – TravCP leverage or provide solutions for such a time as this?” This question got me thinking and analyzing other companies benefiting or growing in-spite of the corona virus. Now the reason why these companies are growing is because they are solving problems posed by the virus. Every business is solving a problem, and people will always pay money for a solution to their problem. Apart from the obvious health challenges caused, other problems are posed as a result of the self quantine, this is boredom. Do I need to explain how? First let’s start with some interesting facts; Netflix: Recent report by Nasdaq says: Netflix is by far the biggest player in the streaming space, with more than 167 million subscribers worldwide, and generated more than $20 billion in revenue in 2019. Those numbers are only expected to grow, as Netflix expects to add another 7 million subscribers in the first quarter alone. Now this is the interesting turn; Data provided by one analyst shows that the company may exceed expectations in the second quarter, due to the impact of the COVID-19 coronavirus outbreak. The only explanation for this is that Netflix is solving the problem of boredom which was caused by self-is