Global Trends 2020

The end of cheap air travel?

The International Air Transport Association has said that many airlines will need to increase their prices by 50% or face going bust if coronavirus physical distancing measures are introduced on flights.

Source: https://www.theguardian.com/business/2020/apr/21/physical-distancing-will-end-era-of-cheap-air-travel-industry-warns?CMP=share_btn_tw

Beyond bailouts, quarantine and empty hotels: what does coronavirus mean for travel?

As COVID-19 put a stop travelling and grounded planes, the travel and hospitality sector has been left wondering when – if at all – we will ever return to a world of cheap flights and global adventure.

Most UK offices stand empty

UK-based landlord Land Securities offered a glimpse of the impact of covid on office usage as it reported a £837m loss. Less than ten per cent of its office sites were in use and many of its tenants are now struggling to pay their rent.

Source: https://www.bbc.co.uk/news/business-52629786