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Hard-hit global hospitality sector on the mend from Covid-19
23 June 2022

Hard-hit global hospitality sector on the mend from Covid-19

 

Few, if any, mainstream economic sectors were hit as hard by Covid-induced restrictions as the global hospitality sector. Fortunately, the worst seems to be over and the recovery during 2022 has been impressive. Although international tourism remains at about 60% down from pre-Covid levels (in 2019), the recovery is expected to continue throughout 2022, especially in the wake of further easing or lifting of restrictions on travel and attendance of sporting events.

 

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