All forward-looking statements are based mostly on information presently obtainable to the corporate and are certified in their entirety by this cautionary statement. The firm does not assume any obligation to update any such forward-looking statements or other statements included on this press release. Meredith will proceed to function and monetize Travel + Leisure’s media across multiple channels, including its promoting and advertising actions, beneath a 30-year royalty-free, renewable licensing relationship.
Before the dramatic impression of the well being crisis on the travel trade, leisure tourism spending worldwide had increased steadily since 2015. Global expenditure on leisure trips peaked at roughly 4.7 trillion U.S. dollars in 2019, …
