Typically, the holidays are a time for celebration, for gathering with family and friends, and a good opportunity for travel. However, the rise in Covid cases and the new Omicron variant has prompted several countries to reinstate certain restrictions causing many families to cancel their holiday travel plans.
The tourism industry is one of the hardest-hit sectors since the start of the pandemic. The United Nations World Tourism Organization (UNWTO) suggests that the economic strain caused by Covid-19 will likely cost the global tourism sector nearly $2 trillion (USD) in lost revenue in 2021.
