The Coronavirus’ Effect on the Airline, Hotel & Travel Industry, Business and Industry Trends Analysis

The Coronavirus pandemic of 2020 has decimated the airline, hotel and travel industry, including all of the many sectors that serve it, such as online booking sites, caterers and convention centers.  The United Nations World Tourism Office (UNWTO) estimated that the travel industry incurred revenue shortfalls of $320 billion during the first five months of 2020, and that the shortfall could increase to a total in the range of $910 billion to $1.2 trillion for the entire year.  This put more than 120 million jobs at risk.  For airlines, passenger numbers plummeted, while hotel bookings dropped to dismal levels.  Coronavirus-Related Factors:…

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