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Travel, events and movies, among the sectors hit hardest by the pandemic, are starting to show signs of a revival. Expedia Group, which saw gross bookings plummet 90% year-on-year in the second quarter of 2020, is now optimistic that travel will return to pre-pandemic levels soon. As for events and movies, BookMyShow said it clocked its highest-ever monthly ticket sales in March 2022. But will the new Xe variant ruin the revival?
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Expedia and BookMyShow signal revival of travel, events and movies Peter Kern, Vice Chairman and CEO Expedia Group with Rathi Murthy, CTO Expedia Group expects to see global travel continue to increase as the industry emerges from the shadows of the pandemic, its vice chairman and chief executive officer Peter Kern told us during his first visit to India.
“It’s gotten progressively better… in some parts of the world travel now exceeds pre-pandemic levels,” he said.
Meanwhile, BookMyShow also said its business was rapidly approaching pre-pandemic levels.
Expedia’s new normal: Kern told us the big change he’s observed is that people don’t expect the next wave to shut down everything. “We have entered into what everyone’s saying is an endemic stage of the pandemic and expect continued improvement across the globe,” he said. But corporate travel is still not fully back yet.India focus: To ramp up its efforts to build a technology centre in India, the group has hired Arun Dutta as vice president and managing director of Expedia India Services.According to Expedia’s top management, India remains one […]
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