The travel and tourism industry plays an essential role in the economic growth of a nation as it creates enormous job opportunities for hosting countries. Many countries around the world depend upon the tourism industry for their economic growth and development. In the last two decades, outbound tourism has grown many folds due to the rise in the income of middle-class societies emerging economics.
Hospitality and Dine-in Restaurants are the worst-affected industry during COVID-19 pandemic. But according to Renub Research finding says that the tourism industry will revive by the second quarter of 2021. Cloud kitchen is the shining story of the tourism sector in this pandemic and it is also expected to be the future growth engine.
Medical tourism is another sector which will be one of the fastest-growing sectors in the tourism Industry. South Korea, Singapore and Thailand, India is being considered as a hub of medical tourism that provides affordable and best healthcare facilities across the world.
Renub Research reports provide comprehensive insights of inbound and outbound tourism with their average spending and the average number of days stay in a specific destination. Reports also provide travel and tourism current market trends and future projection with associated growth factors, challenges and opportunities in the untapped region.