Report Finds Small Travel and Hospitality Business Closure Rates Increased

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Date

2022-03-23

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Journal ISSN

Volume Title

Publisher

Travel Pulse

Abstract

A new study found that while travel and hospitality faced an increasing number of small business closures due to coronavirus-related issues, the totals were still lower than other major industries. According to the Global State of Small Business Report from Facebook and Meta, small travel and hospitality businesses had an increased closure rate compared to businesses in the agriculture, wholesale and retail industries.

Description

Keywords

Small Business Industry Demand Closure rate Pandemic

Citation