Thursday, April 9, 2020

WORLD TRAVEL & TOURISM INDUSTRY

world hotel tourism industry
world hotel tourism industry

Other such examples are the Travel and Tourism industry that alone in Europe gives a huge amount of profits to the governments. Italy alone was a major hub of travel and tourism in Europe with places like Rome, Milan, Venice, and Capri being tourism spots for the whole world.

The country has suffered huge losses in terms of its tourism industry coming to a halt. Travel insurance is yet another insurance sector that has suffered due to cancellations of flights, buses and road trips due to ‘COVID-19’.

Hence, the travel and health insurance i.e. medical insurance are the two most famous insurances linked with the tourism sector. The losses have been bilateral if we think with a financial perspective.

Ironically, the role of the insurance industry, in any case, has been to bring stability to drastic situations and extreme circumstances.

Courtesy of MBE BLOG

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