Report Finds Small Travel and Hospitality Business Closure Rates Increased
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Date
2022-03-23
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Journal Title
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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