4.4 • 4.9K Ratings
🗓️ 26 May 2020
⏱️ 23 minutes
🧾️ Download transcript
Travel has virtually ground to a halt during the pandemic, exacerbating the global economy’s woes—by complicating trade ties, upending business and devastating the tourist trade. Host Simon Long explores the future of the travel industry, staycations in South Korea and future consolidation in the airline industry. Also, could travel bubbles offer a route to economic recovery?
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0:00.0 | It can be tricky getting the balance right when it comes to kids and screen time. |
0:05.0 | You don't want me to miss out, but you're mindful of the well-being. |
0:09.0 | Try the Google Family Link app. |
0:11.0 | It lets you set screen time limits, create a bed time for your child's device, |
0:16.0 | and block or approve the apps they download, or from your own phone. |
0:21.0 | Helping you find a healthier balance for your family online. |
0:25.0 | Download the Google Family Link app today. |
0:30.0 | The summer holidays are usually a time for beaches and booms. |
0:39.0 | Every year, pleasure seekers jump on a plane for some days in the sun, but not this year. |
0:47.0 | I think there has been an unprecedented use of the word unprecedented to describe the situation. |
0:53.0 | The idea of having a bunch of people crunch together in the Euro Star |
0:57.0 | is a surefire way to ensure that the virus is not going to be controlled. |
1:02.0 | The coronavirus crisis has sent the world into lockdown and could cancel the Northern Hemisphere's summer. |
1:08.0 | This would affect not just holiday makers, but the tourism industry too, |
1:12.0 | which is a powerful driver of global economic growth and development. |
1:16.0 | Last week, Hertz, a giant in the car rental business, filed for bankruptcy in America. |
1:21.0 | The 102-year-old company saw its cash flow dry up, |
1:24.0 | as customers were obliged to stay at home, and airports as a big source of revenue closed down. |
1:31.0 | Hello, I'm Simon Longer, senior editor at The Economist. |
1:35.0 | You're listening to Money Talks on Economist Radio, |
1:38.0 | our weekly podcast on business and finance. |
1:43.0 | In this program, we'll hear about how tourism and travel companies, |
... |
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