The Death of Tourism is Upon Us — Market Mad House
We could witness the death of tourism. To explain, fear of coronavirus is closing borders and attractions and forcing travelers to stay home.
Governments all over the world are blocking travelers. For example, the European Union (EU) plans to bar most U.S. travelers when its borders reopen on 1 July 2020, The New York Times reports . The EU will ban Americans because the United States has reported more coronavirus infections than any other country.
America is not alone, the EU is banning travel from dozens of countries including Brazil. I think the EU’s action is groundbreaking because Europe is the world’s most popular tourist destination.
America is not alone, the EU is banning travel from dozens of countries including Brazil. I think the EU’s action is groundbreaking because Europe is the world’s most popular tourist destination.
The World is Rejecting Tourism
Two of the world’s largest economies; the United States and the European Union are suppressing tourism by blocking international travel.
President Donald J. Trump (R-Florida) has closed US borders and banned travel between the United States and Brazil. Ironically, Trump himself is a tourism entrepreneur whose businesses include hotels, golf resorts, and casinos. Yet the President will kill tourism to keep coronavirus out of the United States.
Moreover, governments are targeting specific industries. For instance, the U.S. Centers for Disease Control and Prevention (CDC) issued a No Sail Order for cruise ships. Under the order, cruise ships have to stay in port until the pandemic ends. Additionally Cruise ships need US Coast Guard Permission to embark or disembark passengers.
Cruise ships have the object of popular hysteria because of the SS Diamond Princess’s voyage between China and Yokohama in early 2020. The New York Times estimates infected 634 Diamond Princess passengers and killed two of them.
The infection rate on the Diamond Princess was so great the World Health Organization (WHO) gave the ship its own statistical category. The Diamond Princess carried 2,666 passengers.
