COVID-19: Half of small businesses in hospital, tourism shut down

Facebook COVID-19: Half of small businesses in hospital, tourism shut down

In the wake of Coronavirus pandemic, half of Small and Medium Businesses (SMBs) in the hospitality and tourism sector have had to close shop across the world. The Global State of Small Business Report just published by Facebook in partnership with the OECD and the World Bank revealed this, among other findings. Generally, SMBs have been counting losses to the pandemic and today, the scale of the challenge they face across the globe is laid bare. Facebook described the small businesses as the heart of every community adding that they…

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