A weekly recap of facts, stats, official statements and key resources on COVID-19
This article is intended to provide travel professionals and business leaders with an objective perspective on the evolving situation through facts, statistics, official statements and key resources from international regulatory bodies and government ministries. The outbreak is moving quickly, and some of the articles may fall rapidly out of date. We will provide updates on a weekly basis as the outbreak evolves.
The report surveyed tourism consumer groups across China to understand their willingness to travel and travel plans after the epidemic. The analysis reveals Chinese travelers’ intent, their concerns, travel plans, preferences for domestic and international travel, factors affecting their decisions, etc.
IATA: Cast Burn Analysis – March 31, 2020
Due to the Covid-19, full-year demand falls by 38% and full-year passenger revenues drop by $252 billion compared to 2019. The fall in demand would be the deepest in the second quarter, with a 71% drop.
WEF: What countries are doing to slow the coronavirus outbreak – Updated March 31, 2020
Portugal is granting citizenship rights to migrants and asylum seekers to make sure they have access to health care. The US president has extended stay-at-home measures until the end of April. South Korea carried out an emergency response drill in December to a fictitious disease, which helped the country be prepared for the emergence of coronavirus. The World Economic Forum has gathered here what the countries are doing to cope with the spread of Covid-19.
STR: U.S. hotel RevPAR forecasted to drop 50.6% for 2020 – March 30, 2020
According to a special forecast revision from STR and Tourism Economics, the U.S. hotel industry is projected to report a 50.6% decline in revenue per available room (RevPAR) in 2020.
The global travel and tourism market is predicted to see a loss of 75.2 million jobs worldwide in 2020. The region that is supposed to see the biggest loss from COVID-19 is the Asia Pacific region, losing approximately 48.7 million jobs, while Europe is forecast to be the second hardest hit with a forecasted employment drop of 10.1 million.
ForwardKeys: Summer bookings to The Americas down by 26.8% but… – March 27, 2020
The international summer season bookings for air travel to all American destinations are currently 26.8% behind where they were at the equivalent time last year. ForwardKeys, however, reveals that 17% of summer season bookings are typically made in the period September-January, 29% in the period February-April and 53% between May-August. Therefore, if the world starts to recover from the worst of the outbreak around the end of April, there is still time for a rapid booking recovery to rescue the summer season.
UNWTO: International Tourist Arrivals could fall by 20-30% in 2020 – March 26, 2020
The United Nations specialized agency for tourism expects that international tourist arrivals will be down by 20% to 30% in 2020 when compared with 2019 figures, which can lead to a decline in international tourism receipts (exports) of between US$300-450bn, almost one third of the US$1.5 trillion generated in 2019.
IATA: European Airlines Revenue Losses Mount – March 26, 2020
The United Kingdom has 113.5mn fewer passengers resulting in a $21.7bn revenue loss, risking almost 402,000 jobs and around $32.7bn in contribution to the UK economy. Spain has 93.7mn fewer passengers resulting in a $13bn revenue loss, risking 750,000 jobs and $49.4bn in contribution to Spain’s economy. The potential total revenue loss by European carriers is US$76 bn and passenger demand is projected to be 46% below 2019 levels
IATA: List of Travel Restrictions – Updated Daily
Restrictions are becoming more widespread, and major airports are putting preventive measures in place. A document featured on the International Air Transport Association (IATA) website, lists countries where restrictions are in place.