The travel and tourism industry was decimated by the COVID-19 pandemic but recent data shows signs of hope for the industry.
Data shows an uptick in the third quarter of 2020 in earnings transcript sentiment scores, according to GlobalData.
The latest research shows that hotels’ sentimental growth was influenced by improvements in occupancy rates, and airline companies’ sentiments were largely influenced by enhanced liquidity.
“There has been a surprisingly early sentiment rebound in the [travel and tourism] sector, which has taken a hit due to the COVID-19 pandemic,” said Rinaldo Pereira, senior business fundamentals analyst for GlobalData.
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