Tourists near the Marina Bay Sands hotel in Singapore. Agence France-Presse
Coronavirus crisis is threatening to silence Japan’s tourist boom. China has banned group tours after coronavirus outbreak. Chinese tourists was acting like a pillar of Abenomics for Japanese tourism sector. Japanese hotels, travel agents are squeezed and it weakens Japan economy further.
Hotel bookings have fallen by as much as 40% in some areas of Spain, the country’s hotel federation said and flagged an overwhelming impact for the eurozone’s fourth largest economy as anxiety about the coronavirus outbreak takes hold.
Singapore Airlines said it had secured up to S$19 billion ($13 billion) of funding to help see it through the coronavirus crisis and expand afterward, in a sign of confidence travel demand will eventually return.
World stocks remained on course for their best month ever on Friday as recent vaccine progress, Joe Biden’s US presidential election win, hopes for further stimulus, a commodity surge and descending dollar all lifted the spirits.
Ras Al Khaimah: Ras Al Khaimah International Airport (RAK Airport) on Friday welcomed the first scheduled SpiceJet passenger flight, with the aircraft’s arrival heralding the commencement of both a new phase of operations for the UAE transport
The UAE has taken a leadership role in the Middle East region in technology adoption in real estate sector. Dubai has largely been responsible for changing the mindset when it comes to adopting new technologies.