12 TTW EuropeWhen people across the globe had breathed a sigh of relief after the first 2 waves of COVID-19, the Delta variant hit everyone like a tsunami. The hardest hit was the business travel sector as many companies had slashed their corporate travel budget and out-station meetings in favour of virtual meetings. The restrictions in the E.U. also meant that the various U.S. companies had to cut down on their corporate travel plans. This decreased travel meant a severe blow to the travel and hospitality industry.The first wave had done enough damage to the travel and tourism industry. But during the third wave, the layoffs in tourism and hospitality industry reached its peak. Europe saw 3.6 million jobs cut throughout 2020.