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  • Nelson Horowitz posted an update 1 year ago

    The foundation of the travel bubble

    The arrival of coronavirus has gotten forth an unprecedented and multifaceted crisis, as the world witnessed global shares choosing a hit, the unemployment rate skyrocketing and oil prices come crashing down. As the threat of your global recession looms, it’s no exaggeration to express the world economy, generally, is now in dire straits.

    With passengers cancelling their holiday and business trips because of airlines being grounded and borders being closed, the travel market is one of many hardest hit from the onslaught and is also now facing seemingly insurmountable odds.

    Tourism produces a substantial percentage of any country’s yearly GDP, and also to lose such a significant slice of the pie has proven being quite damaging. Thus, governments worldwide are struggling to find ingenious approaches to somewhat restore the inbound earnings streams associated with international tourism and travel, which often brings us to a little something known as the ‘travel bubble.’

    What’s a travel bubble?

    Travel bubbles, often known as travel corridors and corona corridors, are essentially a unique partnership between two or more countries which have demonstrated considerable success in containing and combating the COVID-19 pandemic in their respective borders.

    These countries then go to re-establish connections with shod and non-shod by examining borders and allowing visitors to travel freely within the zone without having the necessity to undergo on-arrival quarantine.

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