TCOM - Travel sector sell-off airlines cruises hotels tumble on new COVID variants concern

Many countries are restricting travel to and from South Africa and neighboring nations in order to contain a fast-spreading new B.1.1.529 variant of the coronavirus as the scientists predicts it to be more contagious and could render the current crop of Covid-19 vaccines less effective. In Israel, the health ministry said it has detected the country’s first case of the new coronavirus variant in a traveler who returned from Malawi. A fourth spike of the coronavirus is hitting the 27-nation EU. Following the warning, the European Union temporarily banned flights travel from several countries in South Africa. Shares of airline and cruise line operators are falling in premarket trading after the WHO warned that a new Covid-19 variant B.1.1.529 has been detected in South Africa. The B.1.1.529 variant has more than 50 mutations compared with the coronavirus that was first detected in Wuhan, China, in 2019. More than 30 of those mutations are in the

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Travel sector sell-off, airlines, cruises, hotels tumble on new COVID variants concern