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European tourism is hit hard after terror attacks in Brussels and Paris

Thomas Cook (Britain’s best-known tour operator) said in his analysis this is the biggest fall in our travel industry in last 17 years

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Tourists in Paris, Image credits : wsj.com
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  • 320 dead- Terrorist attack at the Brussels’ airport 2016
  • 224 dead- Bombing of Russian Jetliner flying from Egypt in November 2015
  • 130 dead- Paris killings in November 2015

Spates of terror attacks and air crashes have started to show the effect on Europe’s travel industry. After terror incidents, tourism officials generally brace themselves for such sudden drops. In a matter of weeks, things come back to normal.  But this time, things are starting to look different.

Starting with Egypt-Air Flight 804 disappearance from the radar to the Paris attacks, bookings started to decline significantly. Carolyn McCall (chief executive of British budget airline) said: “We have seen more external factors affecting us than we have seen at any other time.”

Another statement came from Michael O’Leary (CEO of Ryanair Holdings PLC, Europe’s biggest budget carrier) that “the pace of bookings—an early sign of passenger sentiment—again started slowing after the Egypt-Air tragedy.” He didn’t provide figures, though. Terrorist groups such as Islamic State have mainly targeted Europe in their master plans. Several of them happened in the year 2015 and in the present year of 2016.

The major attacks have inculcated fear among tourists. Thomas Cook (Britain’s best-known tour operator) said in his analysis this is the biggest fall in our travel industry in last 17 years. Turkey is Cook’s second biggest market. There have been a series of attacks in Turkey which has greatly affected the market.

Statistics of terror attacks, Image credits : wsg.com
Statistics of terror attacks, Image credits : wsg.com

Ryanair and EasyJet (Europe’s biggest carriers) were forced to cut their prices after the ongoing attacks. Tour operators are not flying to Egyptian resorts that have lately become a ghost town. Over there bookings have declined by a third.

However, bookings in Spain have increased up to 27%, with Portugal up to 30% and Italy up to 12%. There has been a corresponding effect on prices in Europe. David Hope (GfK’s business group director) said: “Prices are going up and up and up.” But he says this is only healthy for tour operators if they can provide enough rooms to meet demand. Cook’s rival, Tui (owner of Thomson) has fared better because it focuses on Spain and relies less on Turkey.

Robin Byde (a broker at Cantor Fitzgerald) says: “Between EasyJet and Ryanair, they have more than 20% of European short-haul traffic. They are price-makers as well as price-takers, so you have to take it with a pinch of salt when they talk about pressures driving down prices.”  The biggest influence on air fares is that on fuels. Airline companies buy their fuel in 2-year advance, so they are getting the benefit of the falling oil price enabling them plenty of scopes to cut down fares.

McCall reiterates that travelling is an important part of everyday life. Demands will bounce back after these shocks. So from a consumer’s point of view this indeed a very good time to fly.

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-by Pritam

Pritam is pursuing engineering and is an intern at NewsGram. Twitter handle: @pritam_gogreen

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  • Shivang Goel

    every evil comes with its own mirror,you cant run from it shadow; well written article infact.
    continuous attacks in certain region effects tourism upto a great extent Brussels will have face this trauma for many more years to come;it would have been a single attack things could have gone back to normal;but it hardly seems so; infact its a chance for portugal,spain even Italy to fetch as many travelers in this period

  • Vrushali Mahajan

    Yes, terrorism does affect the tourism of any place. People get extra cautious about events like these and this creates bad impressions. Terrorism should be immediately looked after

  • Pashchiema Bhatia

    This was expected .. The government would have to ensure that the tourists are safe and this will take some time.

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  • Shivang Goel

    every evil comes with its own mirror,you cant run from it shadow; well written article infact.
    continuous attacks in certain region effects tourism upto a great extent Brussels will have face this trauma for many more years to come;it would have been a single attack things could have gone back to normal;but it hardly seems so; infact its a chance for portugal,spain even Italy to fetch as many travelers in this period

  • Vrushali Mahajan

    Yes, terrorism does affect the tourism of any place. People get extra cautious about events like these and this creates bad impressions. Terrorism should be immediately looked after

  • Pashchiema Bhatia

    This was expected .. The government would have to ensure that the tourists are safe and this will take some time.

Next Story

Trump Launched A New Attack On Mueller Probe In Russia

Democrats also took note of the report

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President Donald Trump walks to an interview on the North Lawn of the White House, Friday, June 15, 2018, in Washington.
President Donald Trump walks to an interview on the North Lawn of the White House, Friday, June 15, 2018, in Washington. VOA

Outside the White House Friday, a media frenzy.

And at the center of it all, President Donald Trump.

“Can we do one question at a time? Wait! One question at a time,” the president scolded reporters.

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“I did nothing wrong. There was no collusion. There was no obstruction,” he said. “The IG (inspector general) report yesterday went a long way to show that, and I think that the Mueller investigation has been totally discredited.”

But the report in question only dealt with how the FBI handled the Clinton email controversy.

It was critical of the man Trump fired as FBI director, James Comey, but rejected the notion of a politically-directed effort aimed at Trump.

“This report did not find any evidence of political bias or improper considerations actually impacting the investigation under review,” announced current FBI Director Christopher Wray.

Democrats also took note of the report.

“Anyone who is hoping to use this report to undermine the Mueller probe or prove the existence of a ‘deep state’ conspiracy against President Trump will be sorely disappointed,” Senate Democratic leader Chuck Schumer said.

During his lengthy encounter with reporters Friday, Trump also defended his recent summit meeting with North Korean leader Kim Jong Un.

Former FBI Director James Comey begins book tour in support of new memoir 'A Higher Loyalty: Truth, Lies, and Leadership', published by Flatiron Books yesterday.
Former FBI Director James Comey begins book tour in support of new memoir ‘A Higher Loyalty: Truth, Lies, and Leadership’, published by Flatiron Books yesterday. VOA

“They are doing so much for us, and now we are well on our way to get denuclearization,” he said. “And the agreement says there will be total denuclearization. Nobody wants to report that. I got along with him great. We have a great chemistry together. That is a good thing, not a bad thing.”

Trump also lashed out at opposition Democrats and tried to blame them for recent administration actions to separate family members caught trying to come across the U.S. border.

“The Democrats forced that law upon our nation. I hate it. I hate to see separation of parents and children,” Trump said.

A host of Democrats on Capitol Hill blasted the president’s comments, including Congresswoman Michelle Lujan Grisham of New Mexico.

“There are no substantive defenses, no policy defenses, to their current actions separating families and taking children away from their mothers and fathers at the border. It just is another indication that they cannot govern,” she said.

Also read: North Korean Defectors Feeling Betrayed By Trump

Trump’s relatively lengthy encounter with the media Friday was unusual for a president who tends to favor appearances on Fox News Channel and who generally takes only a few questions at news conferences. (VOA)