Travel restrictions are severely threatening the tourism industry

The Oireachtas Tourism Committee has heard about the damaging effects of travel restrictions caused by the tourism industry’s use of Covid-19.

Industry officials said they were talking about a “perfect storm” that has left a huge vacuum in the Irish economy.

Ruth Andrews, Chair of the Tourism Rehabilitation Task Force, said: “Tourism is the main local labor-intensive sector in Ireland and generates very significant export and tax revenues.

‘It is embedded in Ireland’s cultural fabric and social life and is of great importance to the regional economy.

“Because tourism is so integrated into the economy and so diverse and composed mostly of SMEs, it suffers from a lack of visibility and recognition as an internationally traded service.

“Covid is creating an ideal storm for tourism.

“The need to trade in an environment requiring limited social distancing and gatherings, and the fact that travel restrictions are causing overseas tourism to almost disappear, threatens the survival of a large part of Ireland’s tourism ecosystem.”

Due to strict travel restrictions, very few international travelers have visited Ireland since March.

“We are in a very unsafe place. Many companies will struggle to survive.”

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I am ready to move on for travel

Every investment trip has an end goal. Harold de Vries has two things: the first is to provide an early and comfortable retirement, and the second is to provide a solid financial foundation for his two young children.
Harold, who lives in Middlesex with his fiancé, made his first investment after the financial crisis when he invested in banks and construction companies. “At that time, I didn’t know what details to look for in evaluating investment opportunities,” he said. “But it seems clear to me that the market has fallen and there is potential.”
Despite these initial experiments, Harold wasn’t really interested in investing until 2015. “I’ve used my spare time to learn about investing from people like Warren Buffett and Monish Pabria, as well as researching deals,” he said.
Harold, who works in marketing, tries to regularly invest in Isa and his personal retirement (Sipp). She also runs several Junior Isa for her children, in which she invests money each month.
Across these various accounts, Harold’s funds are divided between low-cost index tracking funds and individual company stocks. It uses an index fund to distribute its money to various regions and has products that track the FTSE 100 in the UK, the S&P 500 in the US, and several indexes in China and emerging markets.
My technical success
With regard to individual assignments, Harold conducted a “comprehensive analysis” before making any decisions. “And I only invest if I think the price is worth its value,” he added. Although experts advise against trying to tell the timing of the market, Harold has been quite successful in securing stocks at the right time. For example, he bought a stake in Facebook (FB) after its share price dropped following the Cambridge Analytica scandal in which data from multiple Facebook users was collected by the technology company and used to target political advertising.
However, business has recovered and Facebook’s stock has increased, and Harold has earned a 100% return on his investment so far. Facebook was rated three stars by Morningstar analysts. With that, Facebook estimates its position as the largest social network in the world with 2.5 billion monthly active users.
Morningstar said, “While data usage is being monitored across multiple markets, we are confident that many Facebook audiences will still attract dollars from advertising. Facebook’s average ad sales growth per user shows the willingness of advertisers to pay more for Facebook placement. on the high investment of targeted advertising. “”
Buying when the stock price is falling is one of the tactics Harold uses to buy other technology stocks. It bought stakes in Cirrus Logic (CRU) and Qualcomm (QCOM) when markets collapsed in early 2020 in response to the coronavirus pandemic and the ensuing economic blockade.
“I hope both companies will benefit from the 5G rollout,” said Harold. “I think this is a long term game in my portfolio but they have increased by more than 50%.”
Harold is also slowly building investment in the tourism sector which was devastated by the Covid-19 crisis. He owns stakes in Tui (TUI) and easyJet (EZJ), which he believes will eventually recover – although he admits it will take patience to complete this investment.
Learn from past mistakes
Of course, not all of Harold’s investments are in positive territory. Homeowner Taylor Wimpy (TW) fell slightly but hopes UK housing shortages and low debt levels will prove good: “I think this company is undervaluing it and we hope it will be good in the long term. The investment plan.” “
In recent years, Harold has learned some important lessons about investing. “One of the major disasters I’ve had was my investment in NMC Health, which fell apart earlier this year,” he said. “I didn’t want to sell at a loss despite the accumulation of bad news, so I lost 100% of my investment.”
Harold bought a stake in the United Arab Emirates healthcare chain in 2018 when the stock fell 50% from its high. “But I never really analyzed the business – I relied too much on information from other sources – and I didn’t understand the business well enough to understand the risks.”
The disadvantages taught Harold to do more research for himself and only invest in companies in countries with strong governance. He added, “Now I focus solely on investing in the company and sharing what I understand and what I underestimate.”

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London travel agents say when we can travel again

We are all disappointed that the upcoming holidays in the UK and abroad will be canceled.

Although flights from Gatwick and Heathrow still come and go, many hotels are closed, we are still completely blocked, and travelers feel cautious when visiting abroad.

But while we’re having a bad time here in London, we can’t help but dream of our next vacation – wherever we can go if we can.

MyLondon spoke with TUI to find out what experts thought when we were allowed to travel again and what the holiday would be like after the corona virus.

A company spokesman said: “Current uncertainties about Covid-19 and its impact on travel have delayed bookings. However, online search data shows that people continue to look for vacations and tastes to travel at the end of the summer and continue to be strong.

“Even though it’s hard to predict at the moment, it seems that the fall and winter holidays can prove to be more popular than ever because people still want their annual holidays.”

We wondered if we could investigate unusual places for a vacation, maybe in countries less affected by the corona virus compared with classical places like northern Italy and Spain.

However, it seems that people are still interested in classics. TUI tells us that the most desirable destination is Florida, the Spanish continent and the Canary Islands.

The spokesman added: “We can see a Caribbean vacation search for winter sun in late 2020 and 2021.

TUI still offers holidays until October 2021, although they expect bookmakers later because people carefully search for the best deals and famous famous destinations to make sure these places are safe before ordering.

He added, “We know people want to travel again, and we are happy and ready to take them on our dream vacation once we succeed.”

So the travel agency still offers travel – but when can we expect to be released on vacation?

According to the head of the EU, this can happen at the end of the summer.

What changes can be made to the trip?

He added that the holidays would certainly be “a little different, with different hygiene steps, with less social distance”, but the solution could be found and found.

Various EU countries, including Greece and Austria, have focused on tourism, while Vienna is considering a contract with each country in Europe that will allow travel to continue.

So it seems promising that people can really enjoy a sunny holiday at the end of the year.

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