The staycation trend may fuel the growth of economies already doing relatively well after COVID-19, while setting back those doing badly. This was the conclusion of a recent report by Bernstein, a research firm, which estimated the economic impact of 60% of outbound tourism spending being used at home instead.
Economist
Britain’s hoteliers are looking forward to a bumper staycation summer, but through gritted teeth: The Times reports the luxury sector, in particular, has had a disastrous year and many operators fear that when the tap of government support is turned off, business failures are inevitable.
How this summer’s staycation boom could change the world
