The Caribbean, the Bahamas, and Bermuda were the preferred locations, welcoming about 12 million cruise vacationers. This state of affairs modified drastically in 2020 as the pandemic disrupted the cruise market. For occasion, TUI AG’s world income from the cruises phase roughly halved in 2020 over the earlier yr. Travel & tourism is one of the largest sectors when it comes to international economic impression. Within this context, leisure travel represents by far the most important market. In 2019, travel leisure spending in the United States and China – leading countries in terms of travel & tourism contribution to the global GDP – accounted for 70 % and 81 percent of the nationwide tourism expenditure respectively.

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