The COVID-19 pandemic has affected every sector globally, but the travel and tourism industry is among the hardest hit. Although hotels and resorts implemented increased safety and sanitation measures and cautiously reopened in the second half of 2020, the second wave of the pandemic brought a new hit to businesses operating in the sector and slowed down the recovery of the entire market.
According to the most recent data, the combined revenues of the travel and tourism industry are expected to reach $540 billion in 2021, almost a $200 billion plunge compared to 2019 figures.
