Before the COVID-19 pandemic, the travel and tourism sector was a crucial component of the global economy, contributing approximately 10% to global GDP and supporting 320 million jobs worldwide, according to the International Monetary Fund (IMF).
However, the sector faced substantial setbacks following the outbreak of COVID-19, which was first identified in Wuhan, China. The ensuing pandemic led to lockdowns and restrictions on international travel, causing severe losses across the global hospitality and tourism industry.
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