10 to 15% is the entire margin of a lot of business in the service industry, don’t underestimate the movement. Even 5% is enough to dent the stock growth of the hotel industry. That data also predate the important budget blockage of the national parks and forestry
10 to 15% is the entire margin of a lot of business in the service industry, don’t underestimate the movement. Even 5% is enough to dent the stock growth of the hotel industry. That data also predate the important budget blockage of the national parks and forestry
Also, it’s fairly standard for foreign tourists to a country to spend more money than domestic tourists.
I’m not over or understating anything. There was a question about numbers and I found the numbers, 10-15% ish, trending down since 2019.
“Massive” is subjective though, and I guess one person’s “massive” is another person’s 10-15% 🤷🏽♂️
I tried to link the hotel occupancy numbers which are interesting, but they’re paywalled.
A bigger dent is airlines. A lot of domestic tourism would be by car.