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

The Coronavirus pandemic 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 suffered export revenue losses of $1.3 trillion during all of 2020.  International arrivals fell 74% from 2019 (compared to a 4% drop during the 2009 global economic crisis).  This put between 100 million and 120 million jobs at risk.  For airlines, passenger numbers plummeted, while hotel bookings dropped to dismal levels.   Coronavirus-Related Factors: =         In many nations, borders were closed to…

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