Photo by Maria Tyutina from Pexels SINGAPORE-HONG KONG TRAVEL BUBBLE KEY FOR SINGAPORE AIRLINES AND CATHAY PACIFIC TURNAROUND - Following the news that Singapore and Hong Kong are in talks over the postponed travel bubble; Animesh Kumar, Director of Travel & Tourism Consulting at GlobalData, a leading research and consulting company, offers his view: “While the flight and travel restrictions have impacted airlines across the globe, the bearing has been extremely severe on Singapore Airlines and Cathay Pacific. Due to international trav…
THAILAND REMAINS OPEN FOR ALL VISITORS - Tourism Authority of Thailand governor Yuthasak Supasorn has confirmed that the Special Tourist Visa program is still ongoing and open to all countries, including the UK. Bangkok and five other provinces are currently under restrictions but this has not had any effect on the number of STV applicants wanting a relaxing beach holiday in Thailand. Tourists can also fly to the country using the 45-day tourist visa that enables you to visit the kingdom for up to 90 days. It's just like Quarantine in Th…
PANDEMIC TO TRIGGER $95.7B REVENUE LOSS WITHIN GERMANY, UK, AND FRENCH ACCOMMODATION AND RESTAURANT SECTOR - The year 2020 has been a rough one for the accommodation and restaurant industry. After the COVID-19 lockdown in the first months of 2020, many restaurants reopened in the second half of the year, but their daily traffic dropped sharply compared to a year ago. However, with governments closing down bars and restaurants amid the second wave of the pandemic, the much-expected holiday season, which usually adds up big profits for the res…
A closed sign appears on the door of Neiman Marcus' flagship store in downtown Dallas, Sunday, April 19, 2020. The department store is expected to file for bankruptcy amid the COVID-19 pandemic. (Tom Fox/The Dallas Morning News) (Tom Fox / Staff Photographer) APPAREL CONTINUES TO BE THE WORST HIT RETAIL SEGMENT BY COVID-19 PANDEMIC , says GlobalData - The apparel segment continues to be the worst hit in retail due to COVID-19 as store closures and virus-wary consumers’ have severely dented the seasonal spending. Furthermore, the ri…
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