The current COVID19 situation has made a huge impact on the world economy, and due to the partial/complete lock on various countries, it is one of the toughest time for all travel businesses. From Airlines to Hotels to Cruise operators, to travel business agencies to inbound/outbound tour operators, every business is disrupted. No need to say why? you know the public health concern spirals and advisory issues are encouraging people (indirectly forcing) not to travel.
Numbers might look scary here, but the IATA body estimates the total loss to the industry in a range of about USD100 bn. The Travel Industry employs 1 in every 10 people when it comes to jobs, generating USD 5tn+ in revenues.