'We don't see a clear exit strategy.' The travel industry is still getting crushed
CNN
When the coronavirus pandemic erupted in early 2020, the ensuing border closures and stay-at-home orders brought travel and tourism to its knees. One year on, governments are using the same playbook, inflicting more pain on a sector that accounts for 10% of global GDP and a similar share of jobs.
What's happening: While some countries such as Australia and New Zealand never lifted their travel bans, other governments that had relaxed restrictions are moving to tighten controls again in response to new coronavirus variants, dashing hopes for a rebound in global air travel.More Related News
Millions of Americans have taken to the skies, hit the road, fired up the barbecue grill and jumped into the pool this weekend to celebrate the start of summer 2024. Analysts are expecting the Memorial Day weekend to usher in yet another summer of strong consumer spending on travel and other leisure activities.