The coronavirus continues to reign terror on the travel industry as a whole, especially with a focus on China and Asia-Pacific traffic. A new forecast from the International Air Transport Association predicts the first drop in global air traffic since 2003.
The predicted impacts of the virus will result in a 0.6 percent global contraction in passenger demand in 2020. A huge percentage of the loss comes out of Asia Pacific and is attributable to the coronavirus. In that region, the total contraction comes to 8.2 percent. The hit stands out because the region was originally projected for a 4.8 percent growth in 2020.
Carriers in the rest of the world are forecast for a $1.5 billion loss in revenue in 2020. In total, global lost revenue is projected to reach $29.3 billion.
The report explains the virus’ impact is being projected with the assumption it will follow the same demand impact path as 2003’s SARS crisis. SARS resulted in a sharp six-month decline followed by a sharp rebound.
The end impact of the coronavirus depends on how the situation develops. While the association is using as reliable a source as possible, there is no way to know for sure how the next months will play out.
“These are challenging times for the global air transport industry. Stopping the spread of the virus is the top priority. Airlines are following the guidance of the World Health Organization (WHO) and other public health authorities to keep passengers safe, the world connected, and the virus contained,” said Alexandre de Juniac, director general and CEO, IATA.
Do you think the virus will have a permanent impact on the airline industry? Are you worried about the future of the United States’ travel industry? Tell us. Email us at [email protected]. Please include your full name and location.
Delta Air Lines is happy to welcome travelers back while implementing extra precautions to ensure a safe, clean environment for passengers. After listening to customers' main concerns about returning to flying, Delta Air Lines came up with layers of protection.
Looking for a truly unique travel experience and considering a new vehicle? The Volvo Overseas Delivery Program is the perfect solution to create your own adventure of a lifetime. Volvo allows you to custom order your new automobile tailored to fit your needs and desires. They will fly you to Sweden to pick up your Volvo so you can drive and explore Scandinavia and Europe on your terms for up to two weeks.
Navajo Nation is an area of land in the southwestern United States. Covering about 27,000 square miles, the region in Arizona, New Mexico and Utah currently makes up the largest area of land retained by a tribe within the United States. Home to the Navajo people, the area boasts monuments, parks, markets, trails and historic sites.
The Tourism Authority of Thailand’s Los Angeles Office announced a new initiative for would-be travelers waiting for the green light. The Buy Now, Stay Later: Thailand launch comes on the heels of Thailand’s foreign travel restrictions extending until further notice.
United Airlines’ environmentally friendly efforts lessen the impact on local U.S. communities.
Through July 30, travelers looking for a Caribbean getaway can book the Breezes Summer of Savings special at Breezes Resort & Spa – Bahamas. The promotion offers up to 60 percent off stays now through Dec. 25, starting at just $139 per person, per night at double occupancy. Book now.
According to the U.S. Small Business Administration’s Office of Advocacy, small businesses create two-thirds of net new jobs and account for nearly 48 percent of the U.S. private sector workforce. And small- and medium-sized businesses outpace all other sectors as one of the fastest-growing in the United States. InterContinental® Hotels Group (IHG) goes above and beyond to create opportunities for this segment with its IHG® Business Edge program, voted Best Small- to Mid-Sized Business Program in Global Traveler’s 2019 GT Tested Reader Survey awards.
A number of Kimpton Hotels & Restaurants reopened their doors around the United States. The properties have been hard at work building upon the brand’s already high cleanliness standards, while still retaining the beloved perks that enhance the uniquely Kimpton experience, including coffee hour, yoga mats and more.