For 2023, “we see global recovery,” Mark Willis, global chief executive officer of Fairmont Hotels & Resorts, told“Yes, there has been a lot of negativity around a possible global recession and a return to 2008-2009 , but that has been an ongoing discussion for some months… For the most part, it’s been delayed and delayed, and I wonder if it will come because most of the locations around the world are recovering,” he said.
“The industry has bounced back after an appalling period. I don’t think anybody was hit as hard as the travel and hospitality sector,” Mr. Willis said. In the Philippines, travel agencies are likewise expecting international visitor arrivals to approach pre-pandemic levels.
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