The origin of the travel bubble
The advent of coronavirus has brought forth an unprecedented and multifaceted crisis, as the world witnessed global shares choosing a hit, the unemployment rate skyrocketing and oil prices come crashing down. Because the threat of the global recession looms, it’s no exaggeration to convey how the world economy, in general, is in dire straits.
With passengers cancelling their holiday and a business trip because of airlines being grounded and borders being closed, the travel market is one of many hardest hit by the onslaught and is also now facing seemingly insurmountable odds.
Tourism makes for a large percentage of any country’s yearly GDP, also to lose such a significant slice of the pie has shown to get quite damaging. Thus, governments are struggling to find ingenious methods to somewhat restore the inbound income streams connected with international tourism and travel, which experts claim raises something known as the ‘travel bubble.’
What’s a travel bubble?
Travel bubbles, also called travel corridors and corona corridors, are essentially an exclusive partnership between a couple of countries which may have demonstrated considerable success in containing and combating the COVID-19 pandemic inside their respective borders.
These countries go on re-establish connections bewteen barefoot and shoes by opening borders and allowing people to travel freely from the zone with out the need to undergo on-arrival quarantine.
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