A staff member in protective medical clothing moves through the arrivals area at Brisbane International Airport on March 16, 2020 in Brisbane, Australia.International travel is expected to fall at least 10.5 per cent this year, the biggest year-on-year drop as the rapid spread of coronavirus sows chaos across the tourism and leisure sector, according to industry consultancy Tourism Economics.
Under that scenario, the virus would be contained by the end of the first half of the year and travel rates would start to recover by July.But the market has entered uncharted waters now as governments around the world implement drastic measures to contain the pandemic, causing major disruption to travel.
There are significant downside risks if containment measures are ramped up. In a downside scenario, travel would drop as much as 17.9 per cent, the company, which is part of Oxford Economics, said in a research note.
globebusiness 10.5%? pfft. What a joke. I listened to a health scientist last week who told me, this is a six month pandemic. The world is going to change. postCOVID19
globebusiness Where is your data from
globebusiness That’s all!
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