The World Travel and Tourism Council estimates a four.5 per cent every year enhance in the whole amount of travel and tourism economic activity between 2002 and 2012. This is largely credited to an increase in international wealth, liberalization of international airspace, cheaper flights and the use of the Internet as a travel device. Globalization and the digital revolution have created extra competition in the Travel and Leisure market than ever before. Many well established travel companies and types have disappeared endlessly in the earlier couple of years. Having a clear purpose, being financially secure in addition to being operationally and environmentally sustainable will help travel companies to outlive and thrive. As the Omicron pressure of the coronavirus pandemic spreads at a seemingly unrelenting tempo, some traders are growing apprehensive regarding travel and leisure equities.
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