Travel And Leisure Stocks Rally As Investors Look Past Omicron

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This state of affairs modified drastically in 2020 as the pandemic disrupted the cruise market. For occasion, TUI AG’s world income from the cruises section roughly halved in 2020 over the earlier 12 months. Travel & tourism is amongst the largest sectors by means of world economic impression. Within this context, leisure travel represents by far the most important market. In 2019, travel leisure spending in the United States and China – main nations in terms of travel & tourism contribution to the worldwide GDP – accounted for …

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