Global Travel and Tourism Sector – From Survival to Revival

Among sectors affected by COVID-19, travel and tourism has been the worst hit. The sector bore the brunt of the pandemic as governments across the globe imposed strict lockdowns and travel bans. More than one and a half years after the pandemic outbreak, the sector is gradually recovering, supported by vaccination drives as well as decline in COVID-19 infections in several parts of the world. Although new cases have been emerging in some parts of the world and fear of a new wave of coronavirus looms large, significant pent-up demand is expected to drive growth in this sector.