The Chief Executive Officer of Shenbee Travels Limited, Wole Shenbanjo, in this interview, spoke about emerging issues in Nigeria’s economy, and events in the travel and tourism industry. Excerpts:
How has the devaluation of the Naira affected international air travel?
It has affected travel a great deal. Ticket fares have increased astronomically. You have economy tickets to London costing as high as N1 million. Not to include the cost of Covid-19 tests here and there especially the ones you have to pay for abroad. It has really affected holiday travels this period. I know quite a number of families who have had to postpone, cancel or reschedule their holidays due to cost constraints.
What do you think will be the long-term impact of COVID-19 on air travel?
Before talking long-term impact, we have already started to experience the impact and more importantly the recovery. Initially, we had everything come to a standstill with nations shutting their borders and all of that. A lot of countries that know what they are doing and understand the importance of travels have started to experience what we call the Post Covid-19 recovery.
In the long term, I believe we will experience safer travels. Most countries would not go back on the health and safety measure put in place as a result of Covid-19. As more people get vaccinated, we will see a pick up in travels across the globe. In another two years, we hope to be back to our Pre-Covid-19 numbers.