Hotel groups hit the skids amid Covid variant ‘panic’

A new Covid variant and SA's return to the UK’s red list sent shockwaves through the leisure industry, with shares in hotel groups plummeting as holiday bookings were cancelled

2021-11-28 11:16:00 AM

A new Covid variant and SA's return to the UK’s red list sent shockwaves through the leisure industry, with shares in hotel groups plummeting as holiday bookings were cancelled

A new Covid variant and SA's return to the UK’s red list sent shockwaves through the leisure industry, with shares in hotel groups plummeting as holiday bookings were cancelled

Senior reporter28 November 2021 - 00:00A new Covid variant and SA’s return to the UK’s red list sent shock waves through the leisure industry, with shares in hotel groups plummeting on Friday as bookings were cancelled ahead of the critical summer holiday season.

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Tshifhiwa Tshivhengwa, CEO of the Tourism Business Council of SA, said news of the new Covid variant B.1.1.529 being discovered in SA and the country being placed on the UK red list had been “a wildfire in terms of cancellations for flights, hotels and everything”. ..

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