November 2020, Studies
Luxury travel’s true impact on business and employment
The $2.05trn Global Luxury Travel Universe, the seismic consequences of COVID-19, and why luxury travel brands are vital to global recovery
COVID-19 is primarily a health crisis. At the time of writing, over 1 million people around the world have been infected and tens of thousands have tragically lost their lives. However, the virus is affecting many more millions of people across the globe. For it is not only the geographical spread of the disease across continents that causes hardship, but the unavoidable steps we are all taking to try to stop it.