In this post, Sumantra Banerjee examines how the travel and hospitality industries have fared from the onset of the COVID-19 pandemic until now. He also discusses the future of travel, including the rebound of different travel segments and new trends that will emerge. Be sure to Check out the full article here.
The ongoing COVID-19 pandemic has proved especially difficult for the travel and hospitality industries. With travel restrictions, shelter-in-place orders, and consumers’ unwillingness to travel, airlines, hotels, and public transportation (among other industries) have all seen heavy declines in revenue. These industries will have to reimagine their pricing and marketing strategies to account for lower demand and cater to available consumer segments.
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