Banks have always considered travel to be a high risk industry, and unfortunately 2020 proved them right.



But even though things are moving slow right now, there is no doubt that our travel habits are going to kick right back into gear once the international borders begin to open up again.



What’s not going to change is how the banks regard businesses involved in travel and hospitality. While factors like a pandemic or terrorism can be very disruptive, travel is also considered high risk because it’s a service that is sold long before its consumption.