The origin of the travel bubble

The arrival of coronavirus has gotten forth an unprecedented and multifaceted crisis, since the world witnessed global shares choosing a hit, the unemployment rate skyrocketing and oil prices come crashing down. As the threat of a global recession looms, it’s no exaggeration to say how the world economy, generally speaking, happens to be in dire straits.

With passengers cancelling their holiday and business trips due to airlines being grounded and borders being closed, the travel market is one of many hardest hit from the onslaught and is now facing seemingly insurmountable odds.

Tourism creates a considerable number of any country’s yearly GDP, and to lose a real significant chunk of the pie has shown to become quite damaging. Thus, governments are struggling to find ingenious ways to somewhat restore the inbound cashflow streams associated with international tourism and travel, which brings us to a little something referred to as the ‘travel bubble.’

What’s a travel bubble?

Travel bubbles, also known as travel corridors and corona corridors, are essentially a selective partnership between several countries which have demonstrated considerable success in containing and combating the COVID-19 pandemic inside their respective borders.

These countries then go to re-establish connections between them by opening up borders and allowing website visitors to travel freely inside the zone without having the call to undergo on-arrival quarantine.

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