With flights grounded as a result of the global coronavirus pandemic, the peak summer tourist season has failed to get underway. The tourism sector in 2020 is expected to be significantly different from recent years. The overseas trips we have become accustomed to are unlikely to play a big part in this year’s holiday season.
Reduced tourism, reduced beverage purchasing – the result is not only reduced PET demand but displacement of this demand. We take an in depth look into how the rise of the staycation could affect the European PET resin industry and the knock-on effect this will have on RPET.
Senior Analysts Susan Mair and Helen McGeough investigate and build out potential scenarios of how the industry could pick back up.