Competition
Dubai to reopen its borders for tourist arrivals in Julyedit
The Times of India, Live Mint – Online
In all likelihood, Dubai will start welcoming tourists once again in the beginning of July 2020 after putting a stop on tourist arrivals due to the ongoing Coronavirus pandemic.
Industry
Tourism industry may incur ~1.2 trillion lossedit
Business Standard – Print – Mumbai, Bangalore
The tourism industry is projected to book a revenue loss of ~1.25 trillion in calendar year 2020 as a fallout of the shutdown of hotels and suspension of in flight operations due to the Covid 19 pandemic. A study by CARE Ratings notes that the figure corresponds to a 40 per cent decline in revenue over calendar 2019.
Coronavirus takes out wander from wanderlust: Survey suggests no one is travelling for a year!edit
Free Press Journal – Online
There are absolutely no prizes for guessing that the biggest loser due to the novel coronavirus pandemic is the tourism sector. Travelling, which is a luxury, a nonessential service, seems like would be out of business for over a year, suggests a survey.
Coronavirus impact: MSME, electronics, tourism and hospitality to be badly hitedit
CNBC TV18 – Online
The demand for white goods and other highend consumer durables will remain impaired as consumers are expected to postpone their purchases because of lower disposable income, and uncertainty over growth prospects. About 5060 percent of the products and 7080 percent of the components are imported, and a shortage of components of electronic goods from China is likely to keep prices higher and hence will impact demand.
Airlines borrow $31 billion to weather pandemic blow to traveledit
Hindustan Times – Online
In Asia, borrowers have been tapping funds from domestic lenders. Bank of Taiwan provided NT$20 billion ($666 million) of direct loans each to China Airlines Ltd. and Eva Airways Corp., while Singapore Airlines Ltd. arranged a S$4 billion ($2.8 billion) loan with DBS Bank Ltd.
Specific
HKTB Envisions A Brand New Tourism Landscape For The Futureedit
Travel Press, Newsday24 – Online
In a web conference late last week, top officials of the Hong Kong Tourism Board (HKTB) provided the travel trade with an update on tourism development, along with introducing the HKTBs strategic framework of recovery plan.
Hong Kong airport brings in cleaning robots and disinfection boothedit
Edition CNN – Online
Hong Kong International Airport (HKIA) has provided a glimpse into what international airport procedures might look like once were traveling again, and a lot of disinfection technologies are involved.