Next normal COVID-19 recovery to reset is a big topic, depend on the area we want to talk about,we can create a related post with it. 3rd vaccines as Covid booster jabs for older and at-risk is undergoing worldwide adoption, where some proactive countries are undergoing the 4th covid booster jabs. Nevertheless, with Covid keep evolving and it is the only way to make sure to contain its impact, and prevent roll back for any economic recovery and reset initiative under way.
Beside the elder group for booster, younger generations as young as 12 get jabs is under way by most of the countries, with the hope to boost overall protection against Covid and any coming variants.
At the time being, Covid Delta variants continue to impact the world, and most of the countries show poor job growth as a result (due to more businesses being forced to shutdown due to lack of the business revenue to sustain their business). Fewer jobs are available to offer in the job market. As the rising infections caused by the Delta variant have hit spending on travel, tourism and hospitality. Global and domestic traveler and market continue to setback and hold, since the high potential risk outweighs any travel motive they have. Job market will continue to see hiring in particular for those adapted to the Covid impact, in particular those capable to perform and maintain very high productivity whether remote to work or business capable to operate as usual via the various modern technologies, from web meeting, training and email, phone and remote support basis, in another word, those business with high portion of work as “online” basis.
Every country now is attempting to reopen their travel and tourism, due to an inflow of revenue, which can be used to boost and accelerate economy recovery and reset initiative. It still matter to see how the rest of the Q4 of 2021 will go, and whether the rest of newly report Covid variants will become another Covid Delta variant alike to make the impact, if it is then we are expect to really see recovery and reset impact only on the Q1 2022 the earliest. For business due to travel, tourism and hospitality will need to work out innovative programs and see how to survive the long winter, if they are at this point of time yet to diversify or perform business and technology transformation. Without doubt, after this Covid impact, the travel, tourism and hospitality sector will transform and become involved in different sectors of business, making it less vulnerable like current. We expect that in the next normal era everyone is crossing the traditional business sectors and making use of modern technology and their existing business network to develop a diversified portfolio of business. As you can see right now what is undergoing, airlines are now entering into fintech mobile wallet and financing, travel, courier, food delivery, share ride, hospitality business. For the existing companies who are focused on the single area of business, it is now under the challenge of how to defend for new players who used to be partners in the past.
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