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  • Glass Futtrup posted an update 1 year, 1 month ago

    The origin of the travel bubble

    The advent of coronavirus has taken forth an unprecedented and multifaceted crisis, as the world witnessed global shares having a hit, the unemployment rate skyrocketing and oil prices come crashing down. Since the threat of the global recession looms, it’s no exaggeration to state that the world economy, in general, happens to be in dire straits.

    With passengers cancelling their holiday and a business trip due to airlines being grounded and borders being closed, the travel companies are one of many hardest hit from the onslaught which is now facing seemingly insurmountable odds.

    Tourism tends to make a large number of any country’s yearly GDP, and to lose such a significant chunk of the pie has proven being quite damaging. Thus, governments are desperate for ingenious methods to somewhat restore the inbound cashflow streams connected with international tourism and travel, which often raises a little referred to as ‘travel bubble.’

    What’s a travel bubble?

    Travel bubbles, often known as travel corridors and corona corridors, are essentially a special partnership between two or more countries that have demonstrated considerable success in containing and combating the COVID-19 pandemic of their respective borders.

    These countries then go on re-establish connections together by opening borders and allowing website visitors to travel freely inside zone with out the requirement to undergo on-arrival quarantine.

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