In the depths. Or inmate in the shallowness. Welcome back there are few industries in the world harder hit by the coronavirus than the travel and Tourism Sector without question 2020 will go down as one of the worst years ever for the industry but in reality were only in august and still have a long way to go already the effects are being felt in fact the Hotel Industry is warning that as a whole they are facing an absolute Economic Disaster and a desperate plea to congress submitted this week the industry claims that nearly 25 percent of all hotels in the United States are at risk of foreclosure simply put those hotels have loans that are at least 30 days delinquent or longer at the end of 29000. 00 the same number was 1. 9 percent of hotels and this is just the beginning so joining us now to discuss is boom bust cohost investigative journalist bence want and travel expert from money we have dot com very choice thank you both for joining us today ben i want to start with you can you g
Dollars and they Say International travel for them will not resume until the middle of 2021 the middle of next year you talk about the cruise industry you know the Cayman Islands saying that theyre not going to allow International Cruises to come in to the Cayman Islands until at least after december 31st of this year so it doesnt really matter what sector youre in everybodys taking it on the chin right now and no barrier there are destinations like bali that plan to reopen the tourism by september but overall are people actually traveling right now and will tourism pick up again this year or is everything going to shift to 2021 or is it going to be 2022. I think it really depends on where you live regardless where in the world you are i think domestic trouble is that they yes thing right now obviously mainly just because of border closures you know here in cannes i can only go to certain destinations u. S. Citizens can only go to certain areas but if you can stay domestic theres defin
In the capital city old uganda it is not just these that will keep us busy he us over the topics on todays shield. A farmer in ivory coast to a 60 year old gun even unsustainable methods to young environmental activists in south africa who have stepped up on the Cycling Operation under bush meat has been on loves to see them today easy in the geria well we visit a market for wild and rare despite a ban on the trade. But cost a week head to ivory coast monocultures are bad for biodiversity and over many it is a logical call plantations they have a rather aged local ecosystems that coupled with the forestation so the gradation megawatts by Climate Change and population growth means things hope to change. Or life is a farmer who has switched it to a gun existing above methods he. Adopted the principle known as palm of culture and he has also quiet hundreds of others to let us go i think. The city of man in the mountains of western ivory coast itself as we have a cultural region and from a
Anguish will prevent another family from feeling the same kind of pain. Welcome everyone tonight, im heather holmes. And im frank somerville. The warning comes out of a long Holiday Weekend. Temperatures over 100 degrees are expected to bring a lot of people to bay area beaches. New at 10 00, tran once amber lee is in Santa Cruz County where beach hazards can prove to be deadly. Reporter with the Holiday Weekend coming, mom wants to warn others about the potential dangers at the beach. She tells me her daughters trip started with a visit here at the Santa Cruz Beach boardwalk, before she headed north to another beach. The promise of a beautiful sunset here at Panther Beach in Santa Cruz County drew her for the first time here in july. It would turn out to be her last time. Sometimes its like im living in someone elses world. You know you cannot believe that this is happened. Its like sheer devastation. Reporter she describes the void that is now her life without her 19yearold daughter.
A desperate plea to congress submitted this week the industry claims that nearly 25 percent of all hotels in the United States are at risk of foreclosure simply put those hotels have loans that are at least 30 days delinquent or longer at the end of 2019 the same number was 1. 9 percent of hotels and this is just the beginning so joining us now to discuss this boom bust cohost and investigative journalist ben swan and travel expert from money we have dot com barry choi thank you both for joining us today ben i want to start with you can you give us a rundown quick of some of the other aspects of the travel industry struggling right now. Yeah its kind of like a pick your poison kind of situation right now it doesnt matter what part of the travel industry youre in right now things are going very very poorly you have the Airline Industry Quantas Airlines out of australia saying that for this last year of this last fiscal year that is theyve actually lost 4000000000. 00 in australian dolla