Covid-19 bugs Indian IT’s travel, hospitality clients

BENGALURU: Indian IT services providers including MindtreeNSE -1.76 %, NIIT Tech, HCL TechNSE -1.05 %, TCSNSE -0.46 %, WiproNSE -1.52 % and Hexaware may see business from their travel and hospitality vertical impacted significantly this year following downbeat forecasts from key global clients due to the Covid-19 virus outbreak.

Hotel chain Marriott International and airline operators American Airlines, United Airlines and Southwest Airlines have forecast a drop in business as a fallout of the virus. Marriott, which manages quite a few hotels across the world, has warned it would lose $25 million in monthly revenue because of anticipated low occupancy in the Asia-Pacific region. United Airlines has seen demand plummet by 75% in the trans-Pacific route.