In the start of 2020, as the world faced the unprecedented challenges of COVID-19 pandemic, the travel and tourism industry quickly grew to become one of the most affected financial sectors globally. Worldwide travel restrictions put millions of workers within the travel industry out of jobs and quite a few resorts, travel companies, and even airline firms out of enterprise. China witnessed a 60 % dip in tourism revenue, around eighty p.c lower in customer arrivals and nearly 87 p.c drop in vacationer departures in 2020. The numbers of travelers, tourism spending, and revenues increased solely barely in 2021.
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