Before the outbreak of the COVID-19 pandemic, travel and tourism had grown into one of the most important sectors for the world economy, accounting for around 10% of global GDP and more than 320 million jobs worldwide. Global lockdowns brought international travel to a standstill and put millions of jobs at risk.
As the industry continues to fully recover, new challenges have presented themselves - including higher inflation and borrowing rates, a cost-of-living crisis, geopolitical tensions and a slowing global economy. The industry is also dealing with changes to business models caused by technology, labour shortages and sustainability.
Download our report to discover insights into the challenges and opportunities facing the sector including...
- Pent-up demand for travel
- Grounds for optimism
- The question of China
- The industry's response to the pandemic
- M&A activity
- Ten drivers of changes to keep an eye on
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