“Recovery of the tourism industry will depend on the speed and efficiency of a vaccine,” says Maybank Kim Eng economist Lee Ju Ye. “But even then, relaxation of border controls will likely be slow as it will take at least until the second half of 2021 for herd immunity to be achieved in most developed economies.”
For the most part of 2020, everyone has had to put their travel plans aside. The Covid-19 pandemic has brought travel to a standstill as countries closed their borders and imposed lockdowns in a bid to limit the spread of the virus.
But, until a vaccine is introduced worldwide, borders will remain shut and the tourism sector, on the whole, will remain severely impacted.
