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

‘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 Digg ItDigg
Add RSS to Add to Google Add to My Yahoo! Subscribe with Bloglines Subscribe
* Name :    
* Email :    
* Message :  
»  Mercure Chennai Sriperumbudur presents an culinary journey through ‘Grand Trunk Road’ from 16th to 31st May 2022
»  Good Travel with Marriott Bonvoy expands to close to 100 hotels and resorts across Asia Pacific
»  Welcomhotel by ITC Hotels, Cathedral Road, Chennai bags Platinum Rating under Leadership in Energy and Environmental Design (LEED)
»  Gaurav Ramakrishnan Appointed as Head Chef at Hyatt Centric MG Road Bangalore
»  Luxury travel platform Bear Luxe Japan inks new deal with Sabre
»  The RARE Showcase 2022: Sustainability and revival of inbound travel were the major topics of discussion among the travel fraternity
»  Novotel Guwahati GS Road associates with Amazing Namaste Foundation to promote North East Tourism
»  Hyatt Centric MG Road Bangalore Appoints Neha Kumari as Human Resources Manager
»  Sayaji Hotels promotes Rakshit Sharma as Vice President - People, Operations, Sales and Revenue
»  Indian Tourism & Hospitality performance report 2021 by Noesis says domestic travel is driving the recovery
»  RateGain Industry Report Suggests Strong Momentum in Global Travel Recovery
»  Revnomix Solutions launches "RevSeed," a version 2.0 of Artificial & Machine Learning platform for hotels and resorts
»  Beam Suntory Launches Limited-Edition Bowmore 1965 Precious Metals Exclusively To Global Travel Retail
»  BookingJini Partners with Uttarakhand Tourism to Boost Demand - Supply Reservation
»  Uttarakhand Tourism bags the award for best Adventure tourism stall and homestay at Indian Travel Mart, Goa
»  FAITH suggest to leverage top 10 cross country travel rank of India for repositioning tourism now for gaining post COVID market share
»  Isthara acquires ‘Letsmobility’ to bolster its technological solutions in the Co-living and Foodtech sectors
»  Travel Camping Startup Moonstone Hammock launches its third campsite at Alibaug
»  Leisure Hotels Group Introduces Exclusive Travel Experiences in Natural Surroundings
»  Noesis presents the 'Millennials report' on Travel and Hospitality
  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
Receive the best of Hospitality content in your mailbox.
Weekly e-Newsletter
Events Calendar

© Copyright 2016 Saffron Synergies Pvt Ltd