COVID-19 pandemic has certainly taken the planet by surprise. Governments the world over are scrambling over the proposed measures that would allow them to balance the horrifying death tolls with arguably even more devastating economic losses in the long term. Meanwhile, the uneven spread of the disease impedes the already troubled globalization process and threatens to undermine the established supply chains, international ventures and basic human connections.
Following the rigid travel restrictions, the hospitality industry has, unsurprisingly, taken one of the strongest hits. Moreover, given the increasing role of tourism in the African economies, the consequences of the pandemic might be even more calamitous for this continent compared to the Global North. How has COVID-19 impacted the hospitality industry so far? And what should investors expect?.. Read more