Local OTAs Hit Hard by Coronavirus Outbreak
Travel is one of the sectors that has been hit hard by the coronavirus pandemic. In the last several weeks, local online travel agencies have reported a drastic drop in their business. Some industry insiders reported more than 50% drop in business in the first week and others continue to sound red alarms. As more and more countries shut their border and close their airports, it appears the nightmare for the industry is just getting started.
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Ruhul Kader is a technology business and technology policy analyst based in Dhaka, Bangladesh. He is also the co-founder and CEO of Future Startup and author of Rethinking Failure: A short guide to living an entrepreneurial life. He writes about internet business, strategy, technology, technology policy, and society. He can be reached at [email protected]