The cause with the travel bubble

The arrival of coronavirus has brought forth an unprecedented and multifaceted crisis, since the world witnessed global shares taking a hit, the unemployment rate skyrocketing and oil prices come crashing down. Because threat of the global recession looms, it’s no exaggeration to say how the world economy, generally speaking, happens to be in dire straits.

With passengers cancelling their holiday and business trips as a result of airlines being grounded and borders being closed, the travel companies are on the list of hardest hit with the onslaught and is also now facing seemingly insurmountable odds.

Tourism produces a considerable area of any country’s yearly GDP, and to lose such a significant slice of the pie has shown being quite damaging. Thus, governments worldwide are struggling to find ingenious methods to somewhat restore the inbound cashflow streams associated with international tourism and travel, which experts claim brings us to something called the ‘travel bubble.’

What’s a travel bubble?

Travel bubbles, also referred to as travel corridors and corona corridors, are essentially a unique partnership between a couple of countries who have demonstrated considerable success in containing and combating the COVID-19 pandemic within their respective borders.

These countries go onto re-establish connections together by opening up borders and allowing individuals to travel freely inside the zone with out the necessity to undergo on-arrival quarantine.

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