Why social media holds the key to recovery for luxury hospitality
Since the 2009 downturn, the tourism industry has grown at a healthy rate, before the ongoing pandemic stopped this growth.
In 2018, the luxury hospitality and travel market was valued at $891 billion and was supposed to grow to $1.6 trillion by 2026. This was driven by a huge surge in travelers exploring new destinations, the rise of private accommodations and exclusive tours and activities.
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