SPECIAL COVID-19 SOUTH-EAST ASIA OPERATIONS
Our team of experienced consultants help travel and hospitality companies to survive reduce, restructure and rebuild
Thailand – Cambodia – Vietnam – Malaysia – South Korea
The state of the travel and hospitality industry In South-East Asia
The COVID-19 pandemic is a health and humanitarian crisis, and it is also an economic shock. The outbreak has initiated an undeniable call to action for the industry to rapidly assess these fast-changing developments, and the ensuing impact on their people, their customers, and their organizations. Currently, passenger travel is a public health hazard as well as a global economic problem. Travel and Hospitality companies are now making rapid decisions that will affect their very survival.
What now?
Reduce, restructure, rebuild.
The fall in demand and closure of borders in South-East Asia has seen the Travel and Hospitality industry reduce at an unprecedented pace. Cruises have stopped, many airlines have suspended all scheduled service and hotel occupancy is low. The industry is starting to restructure—and H FACTORS can help, from restructuring to rebuilding for a new normal.
Looking beyond the immediate future
The COVID-19 outbreak has resulted in dramatic disruptions to Travel leading to new paradigms and many cases, permanent shifts. Companies will be forced to make quick decisions to ensure short-term confidence and longer-term business sustainability. What will be needed to meet the urgency of today and the demands of tomorrow? All Travel and Hospitality companies must immediately decide how they will improve in the six key themes we’ve outlined and address how to re-size and re-engineer their organization for a new normal. H FACTORS can help to reshuffle their team to facilitate immediate responses, but these could pave the way for longer-term strategies that improve overall resilience and competitiveness.
