News Snapshot:
in Mainstream , Top THE decrease in global international tourist arrivals deepened in 4Q 2020 after a short-lived improvement in cross-border mobility in 3Q 2020. Easing in border controls led by European countries was disrupted by a second wave of COVID-19 infections, triggering renewed, albeit less stringent, lockdowns globally. Although the second wave is easing, it continues to weigh on an already fragile recovery outlook for tourism, and will prolong the impact on related sectors in the coming year, according to Fitch Ratings. “International travel remains essentially on hold across the Asia-Pacific region (APAC) despite the region’s relative success in...
