Before COVID-19, spending on business travel totalled US$1.5 trillion a year, about 1.7 percent of world gross domestic product (GDP). Now it is down to a trickle, as countries have closed their borders and social distancing has taken hold. Planes have been grounded, hotels are closed, and executives are not earning frequent flier miles. Many travel and hospitality jobs are feeling the consequences.
Southeast Asia’s rapid growth has led to a rise in income which has enabled its citizens to enjoy leisure travel in the form of long-haul destinations and micro-trips. The region’s budget travel market, including low-cost flights, is also expected to grow exponentially.
Indian ship worker Tejasvi Duseja is desperate to go home after months stranded offshore by coronavirus border closures and lockdowns that have left more than 200,000 seafarers in limbo.From engineers on cargo ships to waiters on luxury cruise liners, ocean-based workers around the world have been caught up in what the United Nations (UN) warns is a growing humanitarian crisis that has been blamed for several suicides. Many have been trapped on vessels for months after their tours we
The United Nations Educational, Scientific and Cultural Organisation (UNESCO) has gazetted 38 heritage sites in Southeast Asia under its list of World Heritage Sites (WHS) for their unique cultural values, historical background and otherworldly landscapes.
For guests at the "Dolce Hanoi Golden Lake" coffee comes in a gold cup and bath time is taken in gilded splendour.The world's first self-proclaimed gold-plated hotel is open for business – and the Vietnamese owners insist they have the Midas touch despite the cramping of global travel during the coronavirus pandemic.The hotel cost US$200 million to construct with a 24-carat plating across lobbies, an infinity pool and rooms with even cutlery, cups, shower heads and toilet seats
European Union (EU) member states remained divided Friday over the partial reopening of Europe's border on 1 July, though the United States (US), where the coronavirus is still spreading, was to remain excluded, diplomats said.EU envoys have argued for days on drawing up a list of criteria for reopening borders, with some member states worried about the reliability of coronavirus data, notably from China.Sources said that the meeting ended with a tentative list of about 18 countries free
It was reported recently that the ASEAN +3 Macroeconomic Research Office (AMRO) had given Myanmar’s economy a positive outlook for the fiscal year of 2019 to 2020, expecting it to expand by 7.1 percent up from 6.8 percent in the previous fiscal year.
Millions of people have had to cancel their 2020 travel plans due to the coronavirus crisis. Fuelled by virus fears while being urged to stay home – most people are avoiding any kind of travel which has further dampened the demand for air transportation, hotels and other tourism-related services. Over in ASEAN member state Malaysia, it’s no different.According to the country’s prime minister, Muhyiddin Yassin, COVID-19 has hit the nation’s tourism sector hard, with an expect
Numerous industries around the world have been hit hard by the coronavirus pandemic – some more than others. The aviation industry was one of the first sectors to feel the pinch from the deadly virus outbreak. Nationwide lockdowns, controlled borders and travel restrictions imposed by governments as preventative measures to contain the disease have resulted in significant reductions in passenger numbers.
Thailand's premier on Wednesday urged parliament to approve the kingdom's biggest-ever stimulus package to revive an economy battered by coronavirus, which has brought tourism to a standstill, slashed exports and left millions jobless. The THB1.9 trillion (US$59.6 billion) package would be a much-needed financial boost for Southeast Asia's second biggest economy, which is expected to shrink by 5-6 percent in 2020. Members of parliament - who inaugurated a new
Southeast Asia is facing the possibility of billions of dollars in losses from the sharp drop in Chinese tourists since the COVID-19 outbreak.According to a report by global audit, tax and advisory network, KPMG International, the risk of a global recession in 2020 is extremely high as nations shutdown economic activity to limit the spread of the COVID-19 pandemic.A report by the Asian Development Bank (ADB), outlining the economic impact of COVID-19, stated that, “tourism arrivals in many de