Spikes in cases force new lockdowns in Chile, Middle East, and East Asia; Gyms and beauty salons, on the ‘essential business’ list in Brazil; Shopping malls reopened in China: The ASG global COVID-19 update

Reopening is being delayed by spikes in new COVID-19 cases. Detailed analysis of the global progression of the pandemic, and on government’s responses, prepared by the global strategic advisory and commercial diplomacy firm, Albright Stonebridge Group. Key Takeaways Many countries are cautiously emerging from lockdowns this week, attempting to move towards normalcy while avoiding a potential second wave of infections. It seems unlikely that reopening will proceed linearly – a number of nations, particularly across the Middle East and East Asia and the Pacific, have had to reimpose lockdown restrictions following spikes in cases. After Chile announced a plan to reopen the economy, a new spike in cases in the metropolitan area of Santiago forced the government to enact a […]

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Global Tourism Industry on Track for Full Recovery by 2024

The global tourism industry is set to reach, and possibly surpass, pre-pandemic levels by the end of 2024, according to the World Economic Forum (WEF). Five years post-COVID-19, the sector is experiencing a robust resurgence driven by a surge in international travel, improved air connectivity, and strong rebounds in key regions. However, global dynamics must be managed carefully to ensure stable and continuous growth. In 2023, international tourism reached 88% of its 2019 levels, a significant recovery favored by the reopening of Asian markets, as highlighted by the United Nations World Tourism Organization (UNWTO). The Middle East led the way, surpassing pre-pandemic levels by around 20%, with Europe, the Americas, and Africa following close behind at approximately 90% of their […]