The lockdowns that have personified the last two years have had a significant impact on many industries across the world. Some sectors have been hit harder than others, with businesses shutting down and employees being laid off.
However, as the world begins to recover from the pandemic, certain industries are expected to make a strong comeback in 2023.
Here’s a simple guide to six industries that were heavily affected by the pandemic, and how they’re expected to recover in the coming year.
Restaurants
The restaurant industry was hit hard by the pandemic, with many businesses forced to close or operate at limited capacity. However, as restrictions are lifted and more people are vaccinated, restaurants are expected to see a strong recovery in 2023.
Dine-in service is likely to return to pre-pandemic levels, and restaurants can also expect to see an increase in demand for outdoor seating and takeout/delivery options. Many restaurants have adapted to the pandemic by offering online ordering, curbside pick-up, and delivery, which will continue to be popular options in 2023.
Pet Care Services
Pet grooming and boarding facilities were forced to shut down or limit operations during the pandemic, leading to a decline in revenue for these businesses. However, as more people are getting vaccinated and restrictions are lifted, pet care services are expected to see a strong recovery in 2023.
Pet owners are likely to return to their pre-pandemic routines, including regular grooming and boarding for their furry companions. Pet resort businesses can also expect to see an increase in demand for online services, such as virtual consultations and online ordering for pet products.
Travel and Tourism
The travel and tourism industry was one of the hardest hit by the pandemic, with international travel coming to a near-complete halt. However, as more people are vaccinated and travel restrictions are lifted, the industry is expected to make a strong recovery in 2023. Many people are likely to take advantage of pent-up demand for travel and book vacations for the coming year. The industry can also expect to see an increase in demand for domestic travel, as well as outdoor and nature-based activities.
Weddings
The pandemic has caused a significant slowdown in the wedding industry, with many couples postponing or cancelling their ceremonies due to safety concerns. However, as vaccination rates increase and restrictions are lifted, the wedding industry including dresses, wedding rings, venues, and catering companies are expected to rebound in 2023.
Many couples who postponed their weddings in 2020 and 2021 are likely to reschedule for 2022 and 2023. The wedding industry can also expect to see an increase in demand for outdoor and destination weddings, as well as smaller and more intimate ceremonies.
Retail
The retail industry was also heavily affected by the pandemic, with many brick-and-mortar stores forced to close or operate at limited capacity. However, as restrictions are lifted and more people are vaccinated, retail businesses are expected to see a strong recovery in 2023.
Online sales are likely to continue to grow, but brick-and-mortar stores can also expect to see an increase in foot traffic.
Many retailers have adapted to the pandemic by offering curbside pickup, contactless payment, and other safety measures, which will continue to be popular options in 2023.
Final Thoughts
The COVID-19 pandemic has had a significant impact on many industries across the world. Pet Care Services, Weddings, Restaurants, Travel and Tourism, Retail and Live events are among the industries that have been heavily affected by the pandemic but are expected to recover in 2023.
Businesses in these sectors can expect to see an increase in demand for their services and can also expect to see a return to pre-pandemic routines for many customers. It’s important for businesses to adapt to the changing times and be open to new opportunities in the coming year.