The COVID-19 pandemic has had a significant impact on the shuttle bus market. Some of the main impacts include:
- Reduced demand: The pandemic has led to a decrease in travel and tourism, which has reduced the demand for shuttle bus services.
- Decrease in revenue: As a result of reduced demand, many shuttle bus companies have seen a decrease in revenue.
- Reduction in capacity: To comply with social distancing guidelines, many shuttle bus operators have reduced capacity on their buses. This has led to increased costs for the companies and fewer seats available for passengers.
- Increase in cleaning and sanitation: Shuttle bus companies have had to implement additional cleaning and sanitation measures to protect passengers and drivers from the spread of COVID-19.
- Changes in business models: Some shuttle bus companies have had to pivot to new business models, such as contactless payments, virtual tickets, and online booking, to minimize human-to-human contact and maintain social distancing measures.
- Delays in new project: The pandemic has caused delays in new projects and development of autonomous shuttles. Due to the lockdowns, testing and development of autonomous shuttles had to be put on hold.
- Increase in Online presence: Due to the decrease in travel, many companies have increased their online presence to sell tickets and vouchers which can be used after the pandemic.
However, it’s important to note that the effects of the pandemic on the shuttle bus market may be temporary and that the market is expected to recover as the world adapts to the new normal and travel restrictions are lifted.