Over the years the
popular culture in movies, series and stories have given us a regular dose of
the worlds end game. From War to climate change to aliens and pandemics we have
been entertained and intrigued by the imagination of a few. For this time, the
virus won over the others to bring the world to a standstill.
The winter chill was
just breaking away and the ball was set rolling for all the summer plans,
different plans for different people - that holidays, the protest, product
launches, house renovations and many others. All of it were stonewalled by a
virus. A highly contagious pandemic was upon us. It is like the world just
suddenly stopped spinning. Being homebound we had to adjust to a new culture of
working from home. With being at home and working from there coupled with the
fears of getting the virus will change the travel behaviour for years to come.
The service industry
of travel, tourism and hospitality is very resilient. This sector has seen off
economic recessions, civil unrest, and world wars in the past. This time around
it was not the lack of demand or a global economic recession that made everyone
cancel their well-deserved holidays but the threat of contracting a virus and
the fear of spreading it, among others. There are so many different
contradictory theories of how the future will pan out by experts. There is a
theory of pent up demand that after being indoors for so long it is only
natural that everyone wants to break free and go for a relaxing holiday. There
is the theory about this virus triggering an economic recession which will take
us years to overcome. The fact is that tourism sells on the discretionary
spending and when there are an economic meltdown people would but naturally
curtail all unwanted expenses.
Adversity is the
mother of innovation and the best companies and professionals among us will
come up with incredibly unique products and services that will drive demand and
growth. Every company small and big are back to the drawing board working out
new strategies and product lines to stay in the game. Emphasis is on cost
cutting and tiding through these tough times and coming up with attractive
services to drive sales.
Bridgetown Hospitality
has always been a small company and in this crisis some advantages that we have
are related to being small. Our overheads were already exceptionally low, and
we were so used to boot strapping since inception so we are more aligned to
spend lesser and this will be a big bonus in seeing this though times through.
The world would have discovered working from home lately, but we were much
ahead of the curve. We have always been working from home, we have never rented
or leased space for office. Being a small scale of operation means we could
personally attend to our guests and vendors both of whom are the most important
aspects of this business.
After close to 100
days of living the new normal in India we still have more questions than
answers, we still cannot convincingly place our bets on future trends and
business. One thing we know for sure is that we are here for the long haul, we
will have to adapt, innovate, and reskill for the new era. All plans,
projections and competencies that has taken us through the years may not carry
us along to the future. The starting line has been drawn again and we are ready
to take the plunge into these uncertain times only this time we are armed with
our experience. The decade and a half of our entrepreneurial journey has
enriched us, sharpened our resolve and the learnings from our successes and
failures of running a travel business in the highly competitive market is our
most treasured asset. We are anxious but confident and we are working on some
new projects and offerings that will be relevant in the post Covid era.
The game has changed,
the rules have been altered and we hope all of you find ways to stay in the
game and better your play to make the World a better place.
Stay safe and hopefully this too shall pass soon enough.
Stay safe and hopefully this too shall pass soon enough.
Comments
Post a Comment
Please put in your comments here.