UNWTO: Global economy could lose over $4 trillion due to COVID-19 impact on tourism

The “crash” in international tourism due to the coronavirus pandemic could cause a loss of more than $4 trillion to the global GDP for the years 2020 and 2021, according to an UNCTAD report published on 30 June. The estimated loss has been caused by the pandemic’s direct impact on tourism and its ripple effect […]

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Photo by Chris Karidis on Unsplash

Coronavirus will cost global tourism at least $1.2 trillion

The world’s tourism sector could lose at least $1.2 trillion, or 1.5% of the global gross domestic product (GDP), having been placed at a standstill for nearly four months due to the coronavirus pandemic, UNCTAD said in a report published on 1 July. The UN’s trade and development body warned that the loss could rise […]

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tui

TUI Germany rewards vacationers with additional credit

TUI will reward travelers whose vacation was canceled by April 30, 2020, due to the corona pandemic with additional credit. TUI is increasing the travel credit by up to 150 euros per booking. “Our guests want to continue traveling, and we would like to reward all holidaymakers with canceled bookings if they decide on a new […]

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eu

Coronavirus: Urgent response to support citizens, regions and countries

Regional Development Committee triggers the urgent procedure to adopt the Coronavirus Response Investment Initiative measures. On behalf of the Regional Development Committee, Chair Younous Omarjee, in agreement with the political coordinators, requests that the European Parliament use the “urgent procedure” (defined under Rule 163), to allow the proposed measures to be efficiently adopted. The committee agrees, […]

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Coronavirus, Paranoiavirus or what?

By Konstantinos St. Deriziotis Here’s some data concerning coronavirus: Coronavirus: 83.704 cases, 2859 deaths and 36.654 have been treated successfully Flu: there were 1.071 deaths only in Greece, while in Europe, only this year there are going to be more than 60.000 deaths, according to the World Health Organization In fact, there are several conspiracy […]

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china

China scrambles to contain coronavirus as death toll climbs

A new strain of coronavirus discovered in China claimed 15 more lives since Saturday, bringing the total death count to 56. Figures reflecting developments in the past 24 hours revealed 688 new cases, bringing the total of number of infections in China to 1,975, in what Chinese President Xi Jinping has classified as a “grave situation.” […]

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