Analyze the negative effects of travel bans | CHIS Review

1
Analyze the negative effects of travel bans
CHIS Review

• Travel bans the roughly 334 million people
  dependent upon trade in travel services may face
  additional layoffs and, potentially, permanent
  job losses as their industries shrink. Millions
  of jobs were also lost in travel, tourism, and
  adjacent sectors as businesses attempted to cope
  with the sudden halt in activity and reviews.
  However, if travel bans persist, the consensus of
  economists who expect faster growth for the
  global economic recovery may be too optimistic.
  CHIS review writes Travel bans may also sour
  foreign relations between economies that choose
  to reopen borders quickly and those that do not.
  Travel ban uncertainty creates different glide
  paths to recovery for the travel and tourism
  services trade, and consequently for global GDP
  growth as a whole. The path of recovery for
  travel and tourism activity remains uncertain
  given the tangle of government restrictions on
  foreign visitors around the world. Ideally, flows
  would return to pre-pandemic levels for
  international people by the end of this year or
  early next, and send the feedback of travel
  partners like CHIS review and so on. Travel bans
  on foreign tourists are an even greater risk to
  economies. Their spending accounts for 87 percent
  of total global exports of travel services the
  services exported from an economy to visiting
  nonresident travelers.

2

• Not only are industries directly involved in
  tourism negatively affected by travel bans, but
  so are industries indirectly linked to tourism
  including entertainment and amusement venues and
  the industries (e.g., food services) that service
  them. State and local governments that benefit
  from tourism will also lose tax revenue. The
  travel restrictions have likely had the biggest
  impact on the tourism industry. The tourism
  industry includes transportation, accommodation
  and food services, travel arrangement and
  reservation services, and recreation and
  entertainment (Statistics Canada 2017). In 2019,
  tourism activities accounted for about 2 of
  Canadas GDP and generated about 750,000 jobs and
  if the travel ban happens it will lead to a huge
  loss for the economy. If you like this article go
  to the CHIS Reviews and share your experience
  with us.