Governments in many Asian countries providing support for uplifting ailing tourism industry

Published on : Thursday, February 27, 2020

Originally called the Wuhan corona virus, it took just 87 days for the contagious disease to impact Asia’s tourism industry, forcing governments to implement financial lifelines.

 

Now called Covid-19, its origin goes back to 1 December 2019 with one case in Wuhan China that went up to eight just seven days later.

 

Now, the count stands at more than 80,000 cases and 2700 deaths across 36 countries.
Losses are enormous due to the virus spread, and the financial fallout could extend to next year as well. Airlines are facing catastrophic declines in bookings. Chinese airlines cut capacity since January by 80%, and overall, the airline seating capacity in the Asia-Pacific region has dropped 32 to 45%.

 

Hotel groups plan unpaid leave for staff with plummeting occupancies. Tour guides who are usually paid by assignments are broke, incapable to cover their monthly living costs.

 

Governments in Asia’s tourism powerhouses like Thailand, Singapore, Malaysia and Vietnam are coming up with financial support for tourism industries.

 

Singapore was the first to confirm financial support last week. Malaysia is due to announce its stimulus package 27 February, and Thailand will do the same in early March.

 


(No Like Yet)

Related Posts

Tags: , , , , , ,

Comments are closed.

arrow2Follow TTW
 
facebook-logo  twitter-logo  LinkedIn_logo  rss_logo 
ttw_blogger_logo  ttw_blogger_logo

ADVERTISEMENT

  • 01 WTM London 2020
  • 06 ITB Asia 2020
  • 12 ITE Hong Kong 2020
  • 13 IMEX 20
  • 16 FHC 2020
  • 16 G&A 2020
  • 16 ITB asia 2020
  • 16 TAAPE 2020
  • 17 AAA-banner 2020
  • 18 WCTIE 2020
  • 20 GWS-2020
  • 23 emitt 21
  • 30 PATA

TRAVEL INDUSTRY EVENTS

    1. Forum de l’Investissement Hôtelier Africain

      July 7 - July 9
    2. Travel forward online

      July 14 @ 9:00 AM - July 28 @ 12:00 PM
    3. DRT SHOW SHANGHAI

      July 17 - July 19
    4. SHANGHAI WORLD TRAVEL FAIR (SWTF)

      July 30 - August 2
    5. IT&CM CHINA 2020

      August 3 - August 5
Get our toolbar!
Review www.travelandtourworld.com on alexa.com