The travel and tourism sector has been largely impacted by the spread of coronavirus across the region. The spread of the COVID-19 has forced domestic carriers to cancel and temporarily suspend flights operating within the Asia Pacific region, especially in China, South Korea, Japan, and India. Most of the companies have halted their operations to China since the outbreak. Thus, the suspension and postponements of flights within the region lead to air carriers missing out on gross revenue targets.

Get Free Sample Copy @ https://www.omrglobal.com/request-sample/asia-pacific-travel-and-tourism-market

The study on the travel and tourism industry is incorporated by extensive primary and secondary research conducted by the research team. In secondary research, different approaches have been adopted to derive the market value, market growth rate and analyze trends in the industry due to the COVID-19 pandemic. In the report, the analysis of the country is provided by analyzing various regional players, laws & policies, consumer behavior, macro-economic factors and impact of the pandemic. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures. Besides, an expected recovery timeline of the industry will also be provided with the best- and worst-case scenario which will aid the companies to take their future steps in the Asia Pacific travel and tourism industry.
A Full Report of Global Asia Pacific Travel and Tourism Market is Available at: https://www.omrglobal.com/industry-reports/asia-pacific-travel-and-tourism-market

Asia Pacific travel and tourism industry report is segmented on the basis of destinations and modes of travel. Based on the destinations, the travel and tourism sector is sectioned as domestic and international. Whereas, based on the mode of travel, it is segmented into roadways, airways, railways, and marine. Amongst the destination, the international segment has been largely impacted by the pandemic. This is due to the cancellations of the flights by the users as well as the shutdowns and lockdowns in the cities across the region. At the end of January and February, the domestic traveling in the region has raised, as the peoples prefer to reach homes safely before the conditions get worsen. In March, there has been a sharp fall in the industry as the government across the region has lockdown the cities as well as banned almost all ways of transports, which further exacerbated the industry condition.

Amongst the mode of travel, each and every segment has been affected somehow. For instance, there were approximately 700 people on board the Diamond Princess Cruise ship and when the ship comes under examination; infections more than 156 people were infected to the virus. Due to such, all the modes of traveling have been stopped or canceled across Japan.

The prominent players operating in the Asia Pacific travel and tourism industry include Cox and Kings Ltd., Thomas Cook Ltd., SOTC Travel Ltd., Royal Caribbean Cruises, Asia Expedition Cruise, Princess Cruises, American Airlines Group, United Airlines Inc., Deutsche Lufthansa AG, Air China Ltd., Eastern Air Lines among others. Due to the outbreak of the pandemic coronavirus, these companies are largely affected. Several airline companies are affected due to the outbreak due to which traveling from all the countries is strictly banned. Since the outbreak, the travel and tourism sector entirely mandated to shut down entirely. As per the estimations, it could take up 10 months or more to for the travel and tourism sector to return to its normal levels.

Global Asia Pacific Travel and Tourism Market– Segmentation
By Mode of Transportation
• Road
• Sea
• Rail
• Air
By Application
• Food and Beverages
• Chemical
• Pharmaceutical
• Others
Global Asia Pacific Travel and Tourism Market – Segmentation by Region
North America
• United States
• Canada
Europe
• Germany
• United Kingdom
• France
• Spain
• Italy
• Rest of Europe
Asia-Pacific
• China
• Japan
• India
• Rest of Asia-Pacific
Rest of the World
Company Profiles
• Abercrombie & Kent USA
• AirAsia Bhd
• Air China Ltd.
• Air India
• All Nippon Airways Co., Ltd.
• American Airlines Group
• Asia Expedition Cruise
• China Ways LLC
• Club Mahindra Holidays
• Cox and Kings Ltd.
• Deutsche Lufthansa AG
• Eastern Air Lines
• (InterGlobe Aviation Ltd.) Indigo
• Intrepid Travel Pty Ltd.
• Korean Air
• Princess Cruises Inc.
• Qantas Airways Ltd.
• Royal Caribbean Cruises Ltd.
• SOTC Travel Ltd.
• Thomas Cook Ltd.
• Top Deck Travel Ltd.
• United Airlines Inc.
Segmentation
• By Destinations
• Domestic
• International
• By Mode of Travel
• Roadways
• Airways
• Railways
• Marine

For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/asia-pacific-travel-and-tourism-market

About Orion Market Research

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.

Media Contact:

Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: [email protected]
Contact no: +91 780-304-0404