Impact on tourism

The “BEACH” industries (Booking, Events & Entertainment, Airlines, Cruises & Casinos, Hotels) will be hit hardest by this crisis. The industry was previously in a peak phase. The crisis has now triggered a market shakeout. Small businesses that were already struggling before will not survive this crisis.

The major booking platforms are experiencing enormous drops in turnover and their stock market prices are falling steadily. Most major events for 2020 are canceled or tend to be postponed to the same time next year. The trade fair industry will undergo fundamental changes in the long term. The number of commercial flights will decline sharply.

Air traffic worldwide (commercial flights)