Which 5 Sectors Were Most Affected By The COVID-19 Quarantine?
In this video, we will discuss the top 5 sectors COVID-19 impacted the most in 2020. Our choices are based on the SimilarWeb Data Insight Hub and their findings and to some common sense conclusions based on the types of businesses closed during the current global quarantine.
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Now let’s jump to the sectors..
1️⃣Air Travel
Due to the spread of the virus, many countries have already completely shut down their borders. Due to this fact, most of the airline companies worldwide have either stopped working completely or stopped their flights to specific countries.
Source: https://www.aljazeera.com/news/2020/03/coronavirus-travel-restrictions-border-shutdowns-country-200318091505922.html
2️⃣Accommodation, Hotels, and Car Rentals
These days, tourism looks more risky than fun. Therefore, most of the vacations now and in the coming up months are completely canceled. Many hotels which depend on the volume of tourists to survive may now have to shut down temporarily and even permanently. With the quarantine in place, people are required to stay at home and only go out when necessary. This is why less and less people are using cars and car rental services.
Source: https://www.similarweb.com/Coronavirus
3️⃣Health
In times of crisis, we tend to experience a need to stay connected and informed. Whether to track new infections or to get information on best practices to avoid infection, tracking traffic to government and news websites is an indicator of the public sentiment.
Source: https://www.similarweb.com/Coronavirus
4️⃣Toilet Paper Production
The toilet paper mass hysteria has become a global phenomena. No one can explain why people around the world panicked over potential toilet paper shortage has become a scarcity.
Source: https://www.aljazeera.com/news/2020/03/toilet-paper-canned-food-explains-coronavirus-panic-buying-200313083341035.html
5️⃣Communications
Because of the coronavirus and the quarantine, most of the companies which have the capacity to have their employees work from home are now heavily using video communications and remote conferencing services which has led to the surge of such companies stocks like Zoom which surged 300% in less than 2 months.
Source: https://markets.ft.com/data/equities/tearsheet/summary?s=ZOOM:VIE
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