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Stock impact report

COVID-19's Impact on Hospitality, 2020 Market Report

Intercontinental Hotels Group American Depositary Shares (Each representing one Ordinary Share) (IHG) 
US:NYSE Investor Relations: ihgplc.com/investors
Company Research Source: PR Newswire
DUBLIN, April 16, 2020 /PRNewswire/ -- The "Impact of COVID-19 on the Hospitality Industry, 2020" report has been added to ResearchAndMarkets.com's offering. Factors that were driving the hospitality industry before pandemic COVID-19 include increasing disposable income, new travel trends, increasing online business of travelling due to increased internet penetration and internet banking, web-presence of hotels & tourism directories and many more.The ever-expanding global tourism industry was one of the major factors driving the growth of the hospitality industry before the coronavirus outbreak. The number of international tourist arrivals had risen continuously over the past decades. As per the growth projection made by the World Tourism Organization (UNWTO), the number of tourist arrivals across the globe was expected to cross 1.5 billion by 2020.Key factors affecting the market after the pandemic include the decrease in tours and travels as most of the flights are getting canceled. Show less Read more
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