The summer travel season is in full swing in the Northern Hemisphere, as the industry continues to recover from its worst year on record.
International travel declined as a result of lockdowns and border closures to contain Covid-19, representing an estimated loss of US$1.3 trillion in export revenues, according to the United Nations’ World Tourism Organization - more than 11 times the loss recorded during the 2009 global financial crisis.
But not everyone had a tough year. HotelPlanner, a hotel and event booking technology platform, managed to turn a profit last year and says it is on track to report a profit of $10 million...
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