Domestic business tourism also suffered, dropping by 56% (63% decrease overall in 2020)
Merger & Acquisitions
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Posted inBusiness
M&A may help travel agents find route out of pandemic as consumer habits change
According to GlobalData, a leading data and analytics company, 41% of travellers have increased their social media browsing time, 26% are posting more regularly and 28% are spending additional time reading online reviews and blogs than prior to the pandemic
Posted inBusiness
Surge in M&A activity likely for hotel industry post-COVID-19, says GlobalData
Smaller hotel companies will have no choice but to listen to offers from their larger competitors, as cash reserves deplete at a staggering rate