Global / Articles

March 12, 2020 - The New York Times

'Massive Shock' and Battered Airline Stocks in Europe With Trump's Travel Ban - by Liz Alderman, Alexandra Stevenson and Niraj Chokshi

The announcement of the 30-day travel ban between Europe and the United States, meant to halt the spread of coronavirus, will undoubtedly shake up tourism-dependent industries. 

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February 18, 2020 -

South Africa to draw expat goodwill and expertise in Australia

Brand South Africa’s new international program is seeking to inspire South African expats to contribute toward the promotion of a positive image of the Nation Brand.

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With the coronavirus on the rise, the cruise industry has been hit especially hard. With each cancelled cruise, organizations such as Royal Caribbean lose an estimated $3-4 million dollars. This virus is anticipated to have a similarly detrimental effect as the $40 billion cost of the SARS in the early 2000s.

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January 29, 2020 - Straits Times

Thailand cuts 2020 economic growth forecast amid Wuhan virus spread - by Straits Times

Southeast Asia’s second-largest economy, Thailand, has been heavily impacted by the US-China trade tensions and sluggish global demands. Due to the outbreak of coronavirus, the number of Chinese tourists to Thailand is anticipated to fall to 9 million from last year’s 11 million.

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January 28, 2020 - Luxury Travel Advisor

Tourism Analyst: Coronavirus Outbreak Could Have Big Impact on Travel - by Adam Leposa

With the coronavirus outbreak affecting so many people in China, the world's largest source market for international travel, the entire international community could face a decline in tourism dollars and traffic.

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