Posts Tagged With: Inflation

There are 1 articles tagged with “Inflation” published on this site.

How Inflation Influences Tourism and Travel

Graphic depicting staycations

The last three years have been a difficult time for the tourism sector. Strong and unexpected hit from the COVID-19 pandemic, political unrest due to the Russian aggression toward Ukraine, and the outbreak of inflation in almost all Western countries have the strongest impact on travel and tourism businesses. Most experts from the World Tourism Organization (UNWTO) claim that the sector won’t fully recover until 2024. Read the rest of this entry »