also coming parts of europe finally get the snow there hoping for. but the long term outlook is a bit too sunny for the sky tours industry quarter takes a closer look and weeks after asia. and after the euro shoppers there, use retailers are taking advantage of the european single currency as a way to push up prices for scope of the program. with corona, virus curves over chinese tourists were traveling all across the country and abroad to celebrate the lunar new year. this weekend, but 1st reports show a lot less tourism than some businesses had hoped for plains full of chinese tours, travelers, nations including bali thailand or like here in egypt for the 1st time in many months. however, after years of a virtual travel band and strict measures to fight the spread of depend demik, lunar new year, revenues are expected to be far from the $250000000000.00 that were spent on travel

before cove. it 9. all right, let's take a closer look at the matter with frasier, howie china, analyst and author frasier. good to have you back on the program. so this is the 1st lunar new year after trying to loosen 0 cove policy, the numbers may be lower, but is this travel likely to boost a struggling business economy? been struggling, traveling business? sure. it. so it, well of course it's a restart. so and the quick answer is yes, you're going to get it, it's going to be a limited one. you mentioned there, the absolute number trips are lower. that's both domestically and internationally. internationally, the infrastructure isn't back up to fuel speed. the number of flights just isn't there. remember they basically felt pretty much 0 for practical purposes for the past few years. and countries are in the region, still have some restrictions on chinese students. so it is a bit of a boost, but we're certainly not back to normal. the number of corona virus infections were

soaring even before these celebrations. won't they make it worse? i'm not a medical expert, not biologist, but i don't see how it can be made worse. you have an incredible mixing. i think it is the world's largest migration of people and literally hundreds of millions of people on the move from the coastal cities to the provinces, from north to south east to west. it's basically an incomplete flux. so you're certainly going to a greater spread into the router lady is which have much food or health care systems and much of your access to the vitals and things like that. so the situation is going to get worse. the difficulty is the data is soper, and so we frankly have no good measure of any of the numbers, right. but not the chinese center of disease control center. there won't be a huge wave by these. but this travels over the holiday season because 80 percent

of the population have been infected in the most recent wave. how are we to interpret these number? i frankly, i don't even know how to do that. they don't doing anything systematically to actually monitor what's going on. so these numbers are right relatively, you know, they're just pulling out there, frankly, the countryside is going to be, it was already spreading. of course, we know the, on the ground is spreads very easily. but also, i think this is an ongoing process, you know, even in europe or elsewhere, that covered cases remain relatively elevated. this is a d that hasn't gone away. countries have got used to living with it, but there are still long tail effects of this. and china is going to be no different. remember, basically the pandemic has really just china in the past couple of months. yes, we know they had a major break and we had, and of course that's where it started. but they're largely taken from the bias for 3 years, and they're only where we are basically 2 or 3 years ago. and for you, you mentioned that these infections are hitting the rural areas in china much

harder than the cities because the medical system there. and these rural areas is not as well equipped as in the cities. how are these communities then dealing with these outbreaks? frankly, the billing is based is because they're going to be turning to traditional remedies are possible. they're going to be using simple how to see them all in favor remedies, rather vitals that they're just going to, you know, have to grind through it. it's very unfortunate. i think there's a complete failure on the part of the communist party to better prepare the country . better stock up on madison's get better levels of vaccination. all that has been extremely good and lights very badly on the country and it's leadership. trying to analyst and author frasier, how we thank you for your thoughts. thanks very much. now in europe, the lunar new year usually coincides with the peak skiing season,

but many areas just received their 1st snowfall. this past weekend meteorologist say the warming trend is likely continue in the coming years and that could threaten a lucrative tourism business. our reporter los altos, went to the algo, a popular german skiing region in bavaria to see how they are preparing for a future with warmer temperatures and less snow. you can see the alps from here within a few years, only the highest peaks will have a virtual snow guarantee in winter, in lower regions. like here, norbish dolphin snow is exceedingly rare. and never has that been as little as this winter, green meadows everywhere. not exactly what tourists are looking for. most cabins on the cable car are empty, and those who booked a week of fun on the slopes hadn't changed their plans. he can move my phone on my sheet. usually i do ski and snow shall tours all winter long. now i'll have to find

another way. well, i'll just hike then you get motor force fun again. we love skiing. well, hiking is okay to, but i'd really rather go skiing if and when i to grandma, the whole cut, the regions highest peak still offer some snowy adventures. but the main attraction is out of commission. because even up here, there's not enough cover for the sledding, track michigan onto it, ordered by ours letting track as a big deal here, it's fast to takes balls to it's pretty steep and almost 5 kilometers long kilometer long. this season sledding fun is not quite as long as the nearby huntley cable car. we've made just enough snow to at least heap some kids happy and better yet. there's even some skiing possible if only for absolute beginners as me, i'm here with made some snow limited to this one location and we were able to offer

skiing lessons for lab for a bed ascii us. you can get around that too, and it's just not enough. i was not super understood in the ugly region. well come some for 1000000 visitors every year, making tourism the main business here. winter accounts for a 3rd of it. naturally climate change has people worried, a strong showing between november and february is key to the survival of shops, restaurants, and hotels. some of them are already busy preparing for future seasons without snow . but it's bad of none and is just again, usually our guests come here for skiing right now, but this year that was impossible due to a lack of snow blind in some way. we're expecting more vent us to be like this. we can count on snow any more and so i should be. that's why we are investing in other projects like this kits playground, so that we can keep our guests entertained anyway. an orange one to hide the kernan

. the hotels new adventure playground has just opened. more projects are planned and some summer attractions can also be extended. like the up c coaster, germany's longest mountain run. that since you down hill at really high speed, it's as close as one gets to a real down hill adventure this winter. and now to some of the other global business stories making news to pans. finance minister has warned that the country's financial situation is becoming increasingly precarious to pounds of debt is more than double is annual economic out, but by far the heaviest burden in the industrialized world is becoming a problem. as inflation is high years arising and interest rates are expected to follow brazil and argentina our talks to introduce a common currency. the presidents of the 2 countries, a brazil's president knew the silver suggest calling the new currency sir,

which means south. the aim of south america to largest economies is to boost regional trade. and to reduce reliance on the us dollar. germany will join a new hydrogen pipeline project linking portugal, spain and france. the announcement was made during german chancellor. all of shots is trip to paris. the 2500000000. your project called h to med will supply 10 percent of the hydrogen demand. it is expected to be operational by 2030 crecia is the new member of the euro zone. it became the 20th country to officially adopt the european single currency on january 1st. the government inside rep hoped the switch to the euro would help combat historically high inflation, but many creations are convinced the change over was used by retailers to unfairly hike prices. this is the old farmers market in sa grab. it's where residents of the

creation capital get their produce. but as sweet as the apples might be, the new euro denominated prices leave a bitter taste for many customers. what am won't be down the realistically, everything became more expensive. i was just at a store now and the prices of everything had gone up. and now i know that they would have, they would, they said then they said, awesome. i stumbled milk, eggs. i guess all of the phrases are really high. with a start of the year of croatia became the 20th country to adopt the euro. it replaced the cooler at a ratio of 7 and a half to $1.00 price hikes were not supposed to happen. but analysts in the country have said that some shops of high prices buy up to 50 percent. government inspectors said that they checked $1000.00 stores and found unjustified price hikes at around a quarter of them issuing more than $240.00 fines. but some customers aren't

panicking yet. mr. lee, i think i'll talk about price hikes is a bit overblown. over every single country they'd introduce new euro had problems like these. we need to start thinking in euro 1st, instead of converting from coolness. for now, price hikes are the last thing, creations need, given the countries double digit inflation rates, even before the new currency was introduced. before we go, this lunar new year is uttering in the year of the rabbits. but what do you do if you own a pat rabbit and are hitting the road for holiday travel? well, you can take them to bonnie's style in hong kong. it's built as a luxury rabbit resort guests can hop around a large play area and even stay overnight the business open 7 months ago and is fully booked for the holiday. it keeps guests busy with regular, actual size, spa treatments. and of course,

lots of carriers. i and here's a top, sorry, at this hour with corona, virus curves over chinese tourists have been traveling to places like egypt and thailand, but lunar new year revenues are expected to be. busy far from the $250000000000.00 that were spent before kogan 19 on traveling. that's a show for now, for more checkout website at d, w dot com slash business, and d d w, use youtube channel. i'm chris kolber, the link for me and the entire team. thanks for watching. ah, with

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