Articles tagged “global financial crisis”

The green shoots of travel's recovery are starting to appear. No two crises are alike, but by studying the last recession, we can glean hard-earned insights into the direction travel will take over the next few months and years.

History doesn’t repeat, but it often rhymes. While Covid-19 has different root causes than the financial crisis of 2008, there are still lessons to be learned from the last crisis that apply to travel today.

The 10-year anniversary of the Lehman Brothers bankruptcy reminds us that travel was ravaged along with other industries in the ensuing global recession. How the industry coped and rebounded is instructive for the next downturn.