Limo Industry Outlook Post Covid 2021
With what was looking to be a bright future for the industry in 2019, in a roaring economy featuring event filled lifestyles, and then suddenly, COVID-19 hit.
Unfortunately, the limousine industry has been hit especially hard. Looking at the global limousine services market, we’ve seen a decline of $83.0 billion in 2019 to $46.7 billion in 2020. The pandemic essentially cut the industry in half, causing lots of fleet owners to literally sell half of their fleets.
While these have been hard times, and the limo industry was not the only one to see such damage, and there are some reasons to be optimistic about the industry.
Learning to Serve in a Post Covid Environment
At the time that the pandemic rose to its heights in early 2020, we didn’t know as much about the virus as we do now. Our newfound knowledge surrounding COVID-19 allows for the safe operations of a limo service. By taking advantage of the following safety precautions, we can ensure the safety of our customers.
- Thoroughly sanitizing vehicles before every ride
- Drivers wearing protective masks and gloves
- Using acrylic partitions in the limos
- Drivers waiting for clients in the limousine, avoiding waiting in crowded areas
- Checking the temperature of all drivers when they show up for work
- No passengers in the front seat
- Ensuring plenty of air circulation during the drive
Just by following these safety measures, we can significantly limit the risk to all passengers and drivers. These measures are in accordance with the CDC guidelines, going off the most recent information they have collected surrounding the virus.
Looking Forward to 2021 and Beyond
The road to recovery for the industry will not be a short one. It’s going to take a long time before most consumers are comfortable going back to the way they used to live. Forecasts show that the industry should rebound by about 6.5% in 2021, which isn’t even close to how things were before the pandemic.
However, the industry will continue to drive forward, making adjustments and focusing on what works and what doesn’t. Luxury limousines have risen in popularity because of social distancing being easier to achieve. Once flights get back to normal, we should see them become more popular as an airport limo option.
During the midst of the pandemic, the virus forced lots of individuals to reschedule important events such as weddings, graduations, bachelor parties and more. As more people become vaccinated and the time comes for these rescheduled events to take place, a rise in traffic should come too.
Another trend that the pandemic sped up and is here to stay is the use of online platforms while requesting a limo. Now more than ever, people are searching online so it is extremely important for a limo service to have a website as well as social media platforms.
Also, we’re seeing more and more applications created to allow customers to make quick reservations. With the rise in ride sharing apps such as UBER and Lyft, it’s crucial for the limo industry to move with the changes in consumer preferences.
If you’re in search of an airport limo or limo service, contact All Valley Transportation today. The health and safety of our passengers is always our top priority, so you can ride assured knowing that we follow the CDC COVID-19 guidelines. We serve clients valley wide throughout the Phoenix area and beyond.