The tourism sector was one of the world’s most important market that was hit by COVID-19 pandemics.
The impact? Tourism destinations across the world recorded one billion fewer international arrivals in 2020 than in 2019. A deep decline in international travel led to a loss of about USD 1.3 trillion in revenues. The world coped, adapted to the impact, and gradually eased travel restrictions, but the way we travel has significantly changed.
Needless to say, the pandemic has completely changed the way we travel. Here are the top 3 global travel trends that have emerged due to COVID
Increased local travel
The covid-19 pandemic impacted the opening of the International borders, resulting in Local travel and Trip. People started exploring and traveling to close landmarks that they hadn’t given too much thought about while they had the option to travel aboard.
Regarding getaways, local travel growth has “significantly” outpaced global tourism and is expected to rise even more in 2022.
Contactless payments
The Covid-19 pandemic boosted the use of digital and contactless payments. There is a rise in digital payments, including payments in crypto.
Greater adoption of technology
The spread of the coronavirus accelerated the adoption of modern technology. Companies began looking into creative digital solutions so that the organizations could continue to function remotely and continue to build their client base. More businesses started adopting modern technologies like blockchain.
Blockchain technology has become an increasingly important part of travel. Businesses were looking at technology as a practical means of engaging with customers, incorporating flexibility as a way to introduce automation and faster processes.
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