Covid 19 has brought world economic growth to a screeching halt. By the end of 2020, the world’s GDP is estimated to be 7% lower than it would have been without the pandemic. More than 15 percent of people working in the traveling industry have lost jobs to the COVID-19.

Widespread lockdowns have turbocharged changes in all subdomains of the hospitality sector. How companies adapt to seismic changes would determine how well the hospitality sector will fare in the future.