Tag Archives: Pandemic

Thematic brief on impact the pandemic has had on tourism unveiled

Thematic brief on impact the pandemic has had on tourism unveiled

As a part of the broader UN response to COVID-19, the UN secretary-general Antonio Guterres launched a thematic transient on the affect the pandemic has had on tourism. Drawing on the newest information from the UN World Tourism Organisation (UNWTO), the lead creator of the publication, it warns that as many as 100 million direct […]

Economic and human struggle 6 months into COVID-19 pandemic

Economic and human struggle 6 months into COVID-19 pandemic

The American Hotel & Lodging Association (AHLA) today released an analysis on the economic and human struggle of the hotel industry six months into the COVID-19 pandemic, with millions of employees still furloughed or laid off and travel demand lagging far behind normal levels. Key findings of the report include: • Four out of 10 […]

Global nightlife claims $1,500 billion loss due to COVID-19 pandemic

Global nightlife claims $1,500 billion loss due to COVID-19 pandemic

Thousands of nightlife venues around the world were forced to shut down due to the ongoing COVID-19 outbreak to respect the safety and well-being of staff and clients and also to avoid the spread of the virus. Despite many nightlife venues being shut down, countries like Croatia, Hungary, Czech Republic, Austria, and Switzerland have opened […]

Pandemic risk insurance law upcoming in the US?

Pandemic risk insurance law upcoming in the US?

Congresswoman Carolyn B. Maloney (D-NY), senior member of the House Financial Services Committee, was joined today by stakeholders from the small business community and the insurance industry to emphasize the urgent need for Congress to pass the H.R. 7011, the Pandemic Risk Insurance Act (PRIA). PRIA, introduced by Rep. Maloney on May 26, 2020, would […]

Pricing Myths shattered by the Pandemic

Pricing Myths shattered by the Pandemic

Covid-19 has busted hotel pricing myths even as we are in the worst performing year for hotels in a century. This pandemic is nothing like 9-11 or the 2008 global financial crisis – Nor even India’s demonetization or GST implementation! As a result, corporate travel, leisure (inbound, outbound, domestic), heritage, adventure, MICE, religious, spiritual events […]

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