Tourism: 'Staycation' buffer for some (India) more than others (Iceland) in EM
- To avoid the risk of a quarantine on arrival or on return and with jobs more risky staycations likely become more common
- Defensive (high domestic, low international tourism contribution to GDP): eg China, India, Philippines, Mexico
- Vulnerable: eg Croatia, Georgia, Jamaica, Iceland, Mauritius, Maldives, Thailand, Turkey, Saudi, Sri Lanka, Qatar, UAE
This report is independent investment research as contemplated by COBS 12.2 of the FCA Handbook and is a research recommendation under COBS 12.4 of the FCA Handbook. Where it is not technically a res...