Concerns over the omicron coronavirus variant and fresh travel restrictions have led to a spike in hotel booking cancellations globally, online hotel search firm Trivago said on Tuesday, threatening to upend a fragile recovery in global tourism.
Multiple events ranging from sports and trade shows to corporate parties have been canceled, also leading to a slowdown in hotel bookings. US investment bank Jefferies on Wednesday canceled client parties and virtually all but essential travel after nearly 40 new COVID-19 cases were reported at the firm.
Last month, the company said it saw an increase of 35% in search traffic in the week leading up to Thanksgiving."Much like 2020, domestic travel is the preferred option as consumers look to reunite with friends and family," Trivago said.
Source: Holiday News (holidaynews.net)
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