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The coronavirus outbreak has not just severely impacted public health and well-being of people around the world but it has also affected behavioral patterns and daily routines. It has caused a ripple effect that has shaken the entire global economy. Like any major economic disruption, some markets will fail and others will thrive; Covid-19 is no exception.
Let’s have a look at some industries that are most affected because of Covid-19 pandemic;
Markets Most Affected by Covid-19 Pandemic and Markets Trending are as –
Airlines
There is no doubt that the Airline Industry is one of the most affected markets because of this pandemic. People were basically forced to either cancel or postpone their flights.
Events Industry
Another industry that took a major blow due to the current climate is the Events industry. Conferences, music festivals, marathons, and the world’s biggest sporting events were shut down or postponed to a later date.
Hotels and resorts
Not only the people had to cancel all their reservations, but because the information on the duration of this pandemic is unknown, most reservations could not be postponed. The effect of Covid-19 on this market shows in empty hotel rooms, and no interest in even checking the websites of they are offering, making the vacation destinations losing the money by the minute.
Weather Websites
It might sound peculiar, but a lot of people check the weather forecast for the day before leaving their house. During this pandemic, as we are all quarantined, the need to know about the weather seems redundant, therefore the websites which provide us with such information, are not getting the attention they usually got.
Restaurants
In this climate, with social distancing rules set into place, there is simply no way to eat at local restaurants. If restaurants can’t provide delivery services, you are most likely going to miss out on eating your favorite meals, and the restaurant is losing money in the process.
But there is not only black to see in these difficult times, there are many markets that adapted to the situation and are trending during this lockdown. Let’s have a look at some industries that are benefiting from the Covid-19 pandemic;
Food delivery companies
In most countries, there are groups of people on lockdown that want to improve their home cooking skills and also stick to social distancing rules, so they are avoiding leaving to shop for groceries. These people have been turning to food box delivery orders and supporting local restaurants by ordering take away via popular mobile applications.
Streaming platforms
What helps with passing time more than watching your favorite movies and series. Ever since this lockdown has begun, the searches for different streaming services have gone up for more than just a few percent. And because monthly subscriptions are fairly cheap, more and more people decide to subscribe for a month or two, to help them get through these isolated days.
Online gambling
With Casinos closing their doors and people spending more time indoors, thegambling industry is growing significantly. Turning to online gambling is not only popular among those, who are regulars at the local Casinos, but has also become a way to fight boredom.
Online courses
With more and more people finding themselves in lockdown and or isolation, it isn’t too surprising that interest in online courses has skyrocketed during these months.Numerous people see this ”free time” as an opportunity to learn something new, and doing a course online is a great way to spend the time and take something good from it.
Cooking websites
There are a lot of websites out there that can show you the best recipes. From learning how to make pasta to the creation of haute cuisine in your own dining room. The best thing about cooking these days is that websites are user friendly and enable step-by-step learning processes that you can read and sometimes even watch.There is clearly a hunger for chefs at home to learn how to cook up new dishes; traffic to websites with recipes and cooking videos has definitely risen.
Many more businesses have gone up like news media streaming, IT Industry especially game design & development, forex trading and etcetera. Peoples love to play online and offline different genres games. During this time, interesting games are taking hike to install in different iOS, Android and other devices.
Conclusion
There is no doubt that the Covid-19 pandemic has not only affected each and every one of us personally, but it has done much worse for the economy. But as you saw, not everything is bad, there are ways to keep your mind busy, and there are ways to still make some money. Focus on the positive things, even when it seems like there are none.
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