Five Travel CEOs on Managing Through COVID
Leaders in the travel industry share their secrets for surviving COVID. The travel industry was one of the hardest hit by COVID, but some companies thrived while others went under. What did the survivors do differently?
The four travel companies that came out on top focused on managing cash flow, capitalizing on domestic travel markets, and adapting their business models. Serko, a travel booking platform, used the downtime to invest in new technology and prepare for the recovery. Magic Memories, a company that creates keepsakes for tourists, reduced staff and used government subsidies to stay afloat.
Zuzu, an online booking platform for hotels in Southeast Asia, used the pandemic to automate its processes and develop new products.
Download the PDF to learn more about the specific strategies these companies used to survive COVID and how they are preparing for the travel rebound.