Still, even as travel-related businesses suffer, Henley is expanding. The company recently established an office in Nigeria and will soon open another in India, where surging virus cases and tensions on the border with China have increased the number of wealthy Indians planning for a potential escape.
Given that the virus and related lockdowns are “a risk people are going to be living with for the time being, they want to be somewhere where that’s a manageable experience,” Fragomen’s Goldfoot said.
This article was provided by Bloomberg News.