The travel industry will be down for at least a year. People may not want to travel to several destinations for fear of catching the virus.

The hospitality industry will get affected because of the smaller number of travellers. Domestic travel may help the hospitality industry survive this period.

The airline industry will take the biggest hit. Several airlines are at a risk of even shutting down. There will be very few international travellers even up to the end of 2020. Travel restrictions by governments will continue for quite some time.

The tourism industry will suffer dramatically because business travellers are likely to start traveling even before the tourists. The tourism industry and dependent industries will suffer for the next one year.

Manufacturing all over the world has been hit because of lockdowns and travel restrictions. The manufacturing industry will hit a barrier when they find that there is less demand even when everything is back to normal.

The start-up companies that do not have deep pockets are likely to shut shop. New start-ups may find it difficult to get funds because of the crashing economy.

Retail industry may pick up, but small retailers may find it difficult to cope. Large retailers will pick up soon.

The financial sector is sure to see a lot of hiccups before it stabilizes. The economists and governments are trying out innovative never seen before methods to stabilize the economy in the short term. The medium term effect may be negative, but the long term effects are sure to strengthen the financial sector.

The bright shining stars in the industry are likely to be the healthcare sector. The governments are sure to allocate huge funds to this sector for the research and development of vaccines, preventive health and also pharmaceutical companies.

All said the crisis period will loom for quite some time. The effects on the various sectors will depend on the duration for which the world goes through this turmoil.