CoronaVirus impact on the travel industry

How Corona Virus affect the travel industry

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Corona virus & travel industry
Corona virus & travel industry

Travel Industry Facts

Travel Industry is one of the largest industries in the world, with $5.7 trillion in revenue.

It is responsible for an estimated 319 million jobs, or roughly 1/10 of people working on the planet, And no sector is more at risk from the novel coronavirus.

Corona Virus Spread facts

Coronavirus disease (COVID-19) that was first reported from Wuhan, China, on 31 December 2019.

Till the minute of writing this article on the 7th of March 2020, it was spread over 97 countries, infected 102257 people, 3497 of them have died, 57660 recovered. with no known vaccination.

The coronavirus has now spread well beyond Asia, hitting the Middle East, Europe, the U.S., and other parts of the globe.

How Coronavirus affects the travel industry

The travel industry has already taken a huge hit due to travel restrictions and canceled trips for both business and pleasure,

One of the world’s leading travel trade shows ITB Berlin 2020 was canceled few days before its start date, due to the fear of spreading coronavirus and many many individual trips, but that’s just the beginning.

It could be the worst crisis for the industry since the September 11 terrorist attacks on the United States, according to some experts.

“It’s on the front line of the fallout,” said Mark Zandi, chief economist with Moody’s Analytics. “It’s the most directly and immediately impacted.”

What if you’re planning a trip and afraid of coronavirus

No one really knows what the next days could bring regarding the virus spread and vaccination.

If you’re planning a trip you should make sure you’re having refundable rates, it will be higher than nonrefundable rates but it keeps you safe if there’s news regarding your trip destination that made you change your mind.

Coronavirus airport screening

A lot of countries have applied strict screening for visitors at airports

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