African Airlines Associations (AFRAA) has forecasted that African Airlines full-year revenue loss for 2021 is at US$8.5b that is 49% of the 2019 revenues. AFRAA said in 2020, African airlines cumulatively lost $10.21b in revenues due to the impact of the pandemic, representing 58.8% of 2019 revenues. This poor performance is a direct threat to the survival of the African …
Global Tourism Ends 2020 United, Determined And Ready To Lead Its Recovery
As the year 2020 winds down, the United Nations World Tourism Organization (UNWTO), is hopeful for recovery improvement following “what has been the most challenging year in the history of tourism.” WTO Secretary General, Zurab Pololikashvili, said almost overnight, the pandemic brought global tourism to a complete standstill, and millions of people missed chances to explore different places and embrace different cultures …