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  • Glass Futtrup posted an update 1 year ago

    The foundation of the travel bubble

    The advent of coronavirus has gotten forth an unprecedented and multifaceted crisis, as the world witnessed global shares going for a hit, the unemployment rate skyrocketing and oil prices come crashing down. Because the threat of an global recession looms, it’s no exaggeration to convey how the world economy, normally, is in dire straits.

    With passengers cancelling their holiday and business trips because of airlines being grounded and borders being closed, the travel industry is one of many hardest hit by the onslaught and is also now facing seemingly insurmountable odds.

    Tourism makes for a substantial amount of any country’s yearly GDP, and lose this type of significant slice of the pie has proven to get quite damaging. Thus, governments worldwide are struggling to find ingenious solutions to somewhat restore the inbound cashflow streams connected with international tourism and travel, which in turn brings us to something known as the ‘travel bubble.’

    What’s a travel bubble?

    Travel bubbles, also called travel corridors and corona corridors, are essentially a special partnership between a couple of countries that have demonstrated considerable success in containing and combating the COVID-19 pandemic inside their respective borders.

    These countries go on re-establish connections with shod and non-shod by examining borders and allowing visitors to travel freely within the zone without having the necessity to undergo on-arrival quarantine.

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