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The cause of the travel bubble

The appearance of coronavirus has had forth an unprecedented and multifaceted crisis, as the world witnessed global shares taking a hit, the unemployment rate skyrocketing and oil prices come crashing down. Since the threat of your global recession looms, it’s no exaggeration to state how the world economy, normally, is in dire straits.

With passengers cancelling their holiday and a business trip because of airlines being grounded and borders being closed, the travel companies are one of many hardest hit through the onslaught which is now facing seemingly insurmountable odds.

Tourism creates a substantial amount of any country’s yearly GDP, also to lose this type of significant slice of the pie has shown to get quite damaging. Thus, governments are struggling to find ingenious approaches to somewhat restore the inbound earnings streams linked to international tourism and travel, which in turn brings us to something known as the ‘travel bubble.’

What’s a travel bubble?

Travel bubbles, also referred to as 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 within their respective borders.

These countries go on to re-establish connections together by opening up borders and allowing people to travel freely within the zone not having the requirement to undergo on-arrival quarantine.

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