Planet DMC

News and tidbits from the travel industry

Month: December 2021

UK tourism lost an average of £200m per day during 2020-21

Tourism was hit first, hit hardest and will take the longest of all sectors to recover, especially those businesses and attractions which are heavily dependent on inbound visitors who will not come back to the UK in meaningful numbers until 2024.Bernard Donoghue (Association of Leading Visitor Attractions)

European Union Struggles to Reach Consensus on Covid Travel Rules

I have only seen that closing borders is in any case not the solution.Xavier Bettel (Luxembourg’s Prime Minister)

The Rise of Psychedelic Retreats

Psychedelic retreats — in countries like Costa Rica and Jamaica, where many psychedelic substances are allowed, as well as among a shadow network of shamans in the United States who share drugs and details over social networks — are experiencing widespread growth. Their rise overlaps with an increasing popularity of cannabis tourism during the pandemic.Debra Kamin (New York Times)

These are the world’s most expensive cities in 2021

Although most economies across the world are now recovering as Covid-19 vaccines are rolled out, many major cities are still seeing spikes in cases, leading to social restrictions. These have disrupted the supply of goods, leading to shortages and higher prices. We can clearly see the impact in this year’s index, with the rise in petrol prices particularly stark. But not all cities saw price increases. Many of the cities towards the bottom of our rankings saw prices stagnate or even fall, partly because their currencies weakened against the US dollar. Over the coming year, we expect to see the cost of living rise further in many cities as wages increase in many sectors. However, we are also expecting central banks to raise interest rates, cautiously, to stem inflation. So the price increases should start to moderate from this year’s level.Upasana Dutt (Economist Intelligence Unit)

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