Sydney’s Swelling Covid Outbreak Risks Scuppering Christmas Bloomberg 21/12/2020
(Bloomberg)
Sydney’s 5 million residents are being urged to curb activities over the next few days to avoid fanning a coronavirus outbreak that’s closed state borders and threatens to scupper Christmas festivities.
A new health order from Monday limits gatherings in homes and entertainment venues across metropolitan Sydney for at least three days, while New South Wales state health officials work to trace the source and contain a growing cluster involving 83 people.
“We’re on a precipice,” said Marylouise McLaws, professor of epidemiology, hospital infection and infectious diseases control at the University of New South Wales. A seven-day, Sydney-wide “stay at home” order may be necessary to arrest the spread of the virus, and it would be prudent for residents to curtail holiday festivities if not cancel them altogether, she said.
Global Business Travel Market Report 2020
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Travel Receives a Knockout Blow from the Pandemic. Business Travel Crumbles to New Lows at -54%.
The global market for Business Travel is expected to decline by -54% in the year 2020 and -4.5% in the year 2021 and thereafter recover to reach US$829.5 billion by the year 2027, trailing a post COVID-19 CAGR of 3% over the analysis period 2020 through 2027.
The travel industry has been one of the worst hit sectors due to the COVID-19 outbreak, with lockdowns, travel bans, restrictions and quarantines denting revenue generation for the industry. The impact of COVID-19 pandemic on business travel has been particularly severe. Business travel almost came to a standstill during the pandemic, forcing many companies to hold virtual meetings due to stay-at-home restrictions.