Competition
Travel News FTAs to Thailand at over a decade low as borders remain closededit
Travel Biz Monitor – Online Web
Foreign tourist arrivals (FTAs) into Thailand plunged to the lowest level in at least 12 years after the country closed its borders to contain the coronavirus outbreak, with resurgence in infections now undermining efforts to reopen the industry. Tourist arrivals slumped to 6.7 million in 2020 from 39.9 million a year earlier, data from the Ministry of Tourism and Sports showed.
Dubai Alliance to Distribute 2 Billion Vaccine Doses Globallyedit
Bloomberg Quint – Online Web
The United Arab Emirates, of which both Abu Dhabi and Dubai are a part, plans to start manufacturing the vaccine developed by Chinas Sinopharm this year The oilrich country has approved Pfizer Inc and BioNTech SEs shot, and Russias Sputnik V, and has since rolled out an ambitious vaccination campaign
Industry
Impact of COVID19 on travel and tourism industry and ways of recoveryedit
The Financial Express – Online Web
Quite similar to what was shown in the 2011 Hollywood movie Contagion, the Coronavirus has not only caused more than a million deaths, but it has also created abrupt changes in the daily lives of people within a very short time, while adversely affecting global economy and causing widespread panic.
Budget 2021: Expectations of the travel and tourism industryedit
CNBC TV18 – Online Web
The travel and tourism industry was amongst the firsthit due to the COVID19 pandemic and will probably be amongst the last to realise full recovery. UNTWOs report estimated a loss of $1.1 trillion to the international tourism industry in the calendar year 2020. The sectors losses in India can be estimated to Rs 125 lakh crores, as per CARE Ratings.