August 28, 2020

7 min read

Opinions expressed by Entrepreneur contributors are their own.

Before Covid-19 slammed the breaks on air travel, the revenue forecasts for the global hotel trade were looking rosy. Corporate travel expenditure alone was projected in some forecasts to grow into a $1.7 trillion industry mega-segment by 2023.

But, thanks to coronavirus, instead of harvesting one of the biggest revenue growth-spurts in the history of hotels, hoteliers are facing the toughest time in industry history.

It isn’t all doom and gloom, however. Around the world, travel bubbles and corridors are forming, facilitating new flows of movement and consequently, hotel room occupancy. According to an August 2020 CBRE report on the state of the Australian travel industry, what would have otherwise been international travel has turned inward. Regional travel within Australia is on the rise, with one leading hotel industry publication declaring a ‘renaissance’

The late Georgia congressman John Lewis had a well-earned reputation for being uncannily optimistic, courageous, and values-driven. These characteristics were also core to his identity as a leader. Although Lewis was brutally beaten by police during a 1965 civil rights march in Selma, Ala., he said, “I have an obligation to continue to do what I can to help because I am here to continue to tell the story.” His final public statement challenged us to get into “good trouble, necessary trouble” by pursuing nonviolent protest and taking a stand against injustice and in favor of unity and peace. He reminded us that rocking, and even capsizing, the boat — not returning to business as usual — is needed to bring about a world that is more racially just than the one we inherited.

In recent months, many company leaders have embraced good trouble in their organization. In response

Maharashtra Chief Minister Uddhav

Thackeray on Thursday demanded that the states’ share in the Pradhan Mantri Pik Vima Yojana (PM’s crop insurance scheme) should remain at 50 percent.

He was speaking at a video conference with Union agriculture minister Narendra Singh Tomar on the agriculture reforms ordinance.

Thackeray said the states’ share in the crop loan insurance scheme should be 50 per cent.

He also said that insurance companies should have their offices at district level, so that farmers can easily approach them for claim settlement.

The Centre should also take steps to ensure that farmers get timely crop loans from banks, the chief minister said.

The cap of 25 per cent for procurement of cereals and pulses should be scrapped, Thackeray said.

Maharashtra agriculture minister Dada Bhuse, who was also present at

India’s NSE Nifty50 Index is expected to reclaim its all-time high of around 12,400 by March as the V-shaped rally in stocks is likely to continue, according to the nation’s largest listed brokerage.

“We do not foresee any major shift in the current directional positive bias,” analysts at ICICI Securities, led by Dharmesh Shah, wrote in a note to clients. “Any correction should be used as an incremental opportunity to construct a portfolio of quality stocks.”

The benchmark index has bou­nced more than 50 per cent from its March low, but is still about 7 per cent below its January record close. The gauge’s 50-day moving average has risen above its 200-day moving average, forming a golden cross pattern — a bullish indicator for some investors.

The brokerage’s view is based on factors, including historical data showing the Nifty