Why will the number of suppliers in the tourism industry decrease, and how will this consolidation of suppliers take place

In the current negative economic climate, suppliers in the tourism industry are likely to consolidate because many small suppliers do not have enough revenue to continue operating, and in such situation, they can be easily absorbed by larger, more solvent competitors.

Besides, the industry had been consolidating in the years prior to the current crisis. For example, Airbnb, with its innovative business model and global reach, had made many small suppliers go out of business in several cities of the world.

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