We can see that since the outbreak of the epidemic at the end of 20 19, it has dealt a great blow to the tourism and shipping industries all over the world. The economies of many countries and regions that rely on tourism have been hit hard.
Why is this? There are two main reasons.
First of all, many people canceled their travel plans for safety and health reasons. Because of the worldwide outbreak of the epidemic, a large number of confirmed cases have appeared in various countries and regions around the world. So many people canceled their travel plans and stopped traveling. With fewer tourists, the shipping industry is naturally hit hard.
Secondly, because of the worldwide epidemic, many people's income expectations are much lower than before. So many people have to cut back on their spending plans and choose a cheaper way to travel. When the demand for travel decreases, the income of airlines naturally decreases.
Finally, I hope that the epidemic will end soon and all walks of life around the world will recover soon.