If somebody on the finish of 2019 would have predicted that the entire world’s cruise strains would have fully shut down operations in early 2020 the business would have by no means believed it. However, it occurred. Or, if somebody predicted that business air journey would grind to a halt, the identical response would have occurred. The fact of the journey business is that it’s fairly cyclical and really delicate to quite a few world occasions.
Over time in my tenure within the journey business (1973 to current) there have been each sort of disruption you may consider equivalent to hyper inflation, wars, terrorist assaults, bankruptcies, main distribution mannequin transitions and a lot extra. And, with each disaster there have been alternatives and monetary interruptions. However, the impression of the COVID pandemic has set a brand new commonplace on the impression of challenges going through the journey business.
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