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The COVID-19 pandemic may throw a wrench into Travel and Leisure, but the industry is promising and easy to be bullish for fast recovery.
Travel and Leisure includes a large section of business lines. Hotels, agencies, food & beverage and airlines companies can be considered the lead factors of the industry as well the tech companies, which show us the price range of travel services, are also the main joints of it.
While the industry has been negatively affected by the pandemic, It has wise solutions, such as Visual Culture and Domestic Tourism, to ease the pressure. Jabs, increasing the vaccination rates are also one of the pioneer factors to support the industry.
The Travel and Leisure industry contributes 6.9% of employment directly in OECD, and the market size is projected to reach 1,7 trillion USD by 2027 thanks to far-sighted investments (1 trillion USD in 2019).