Detailed text transcripts for TV channel - BBCNEWS - 20210425:19:34:00
Something has to give. travel is a massive global industry. back in 2019, global tourism revenue amounted to nearly $1.5 trillion us that's the equivalent to about half of the uk's entire goods and services. for decades, the travel industry has operated in a distinctive way. a model has developed in which money is taken in advance of people going on holiday, helping to fund other operations in the short—term. everything about that works fine, as long as people keep buying holidays. but what if, say, a global crisis comes along? when lots of people can't take trips, and they want their money ...