Background to Tourism and Covid-19
The tourism industry across the world took the worst possible hit when Covid-19 started to destroy the world as we knew it. Countries implemented lockdowns, often suspended local and international travel, and with that the tourism industry took a major hit. It is estimated that the industry took a loss in excess of $4.6 trillion.
Just as the industry had started to revive in 2021 in India, the second wave hit and we are now back to score one, or maybe even negative one. In contrast to us in India, the West has done better - driven primarily due to high vaccination rate there. In Europe people are getting ready for the summer break - it’s a really big thing there, and similarly in US many restrictions have already been eased, including masks if you are fully vaccinated.
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