The travel industry has been arguably the hardest hit from the pandemic with the sector’s contribution to global gross domestic product essentially cut in half, according to the World Travel and Tourism Council, and international travel spending down by nearly 70%. Some 62 million travel and tourism jobs were lost last year, leaving millions of families without financial security.
Glenn Fogel, CEO of Booking Holdings, recently expressed his views on how the industry can recover from COVID-19 impacts. Mr. Fogel said that people must work together to accelerate the full recovery.
The travel industry and governments must work closely to create effective programs that will stimulate travel safeguard jobs and drive innovation to respond to our new reality, according to Mr. Fogel. To achieve this, a coordinated effort must be undertaken in three key areas: ensuring equitable and widespread vaccine distribution, creating effective vaccine passport systems and developing consistent guidelines to encourage safe travel.
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