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  • Nelson Horowitz posted an update 1 year ago

    The cause with the travel bubble

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

    With passengers cancelling their holiday and business trips as a result of airlines being grounded and borders being closed, the travel industry is one of the hardest hit from the onslaught and is now facing seemingly insurmountable odds.

    Tourism creates a large number of any country’s yearly GDP, and lose such a significant slice of the pie has shown to get quite damaging. Thus, governments worldwide are desperate for ingenious approaches to somewhat restore the inbound earnings streams related to international tourism and travel, which in turn brings us to a little referred to as ‘travel bubble.’

    What’s a travel bubble?

    Travel bubbles, also referred to as travel corridors and corona corridors, are essentially an exclusive partnership between 2 or more countries that have demonstrated considerable success in containing and combating the COVID-19 pandemic inside their respective borders.

    These countries then go on re-establish connections bewteen barefoot and shoes by opening borders and allowing people to travel freely inside zone with out the need to undergo on-arrival quarantine.

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