Wednesday, November 25, 2020 3:00 AM +00:00
The global COVID-19 pandemic has caused a severe and damaging downturn in business travel and the tourism sector. This has resulted in economic uncertainty and unemployment which is creating a significant impact for the Australian travel industry as well as the broader Australian economy. Foreign visitors spent about $45 billion in Australia last year on holidays, while Australians spent $65 billion overseas. The challenges are many as the collapse in global travel will bring long-term changes to patterns of domestic and international travel for both business and pleasure. With uncertainty over the resumption of domestic and international journeys, what does the future look like and how quickly will consumers return to business and tourism travel; what recovery strategies will these sectors use; will we choose to still fly as frequently as before and what will the travel experience look like when health and safety protocols are put in place?