IATA: Air Cargo Capacity Demand Plummets
Geneva – The International Air Transport Association (IATA) released data for global air freight markets in April showing that demand dropped 27.7% compared to the same period in 2019 – the sharpest fall ever recorded. Still, there was insufficient capacity to … Continue reading IATA: Air Cargo Capacity Demand Plummets
Travel Update for ASEAN, China, Hong Kong and Japan
Hanoi – Southeast Asia has fared better than most other parts of the world in reducing the spread of COVID-19. While international borders remain mostly closed in Southeast Asia, there are some promising signs that life is slowly returning to … Continue reading Travel Update for ASEAN, China, Hong Kong and Japan
Asia-Pacific: Hotel Profits Down More Than 100 percent
Secaucus, NJ – Hotel profits in the United States fell 101.7 percent in March, according to lodging-data provider STR, and the numbers aren’t yet getting any better in the Asia-Pacific, according to hotel benchmarking service HotStats. In fact, the impact of COVID-19 … Continue reading Asia-Pacific: Hotel Profits Down More Than 100 percent
Coronavirus is reshaping the global economy
New York – It is now clear that COVID-19 has presented the global economy with an unprecedented challenge. In the United States and Europe, efforts to control the virus through lockdowns are likely to lead to the largest decline in economic … Continue reading Coronavirus is reshaping the global economy
ASEAN: Current Covid-19 Travel Update
Ho Chi Minh City – We bring you the latest updates on the daily developments on visa requirements and temporary closures in six ASEAN destinations. Make sure you are well informed, because the situation changes rapidly. The latest updates on … Continue reading ASEAN: Current Covid-19 Travel Update