Parts of the business, such as airfare sales, may have tanked, but others, like rental home platform VRBO, are compensating. “People will think, ‘Well, by the summer Europe might be open, or I might have the vaccine, so let’s book it,’" he explains. Why mass tourism mattersMany cities may be happy for a lull in visitation: See Amsterdam, Venice, and Barcelona, which have all grappled with overly intense tourism in recent years. So how does that square with Kern, whose company bears weight for much of the mass tourism industry? But the impact has to be driven by mass tourism [as opposed to luxury]; otherwise, it’s modest in relation to the issue."

Source: Mint November 16, 2020 05:37 UTC