that's also coming up parts of europe finally get the snow they're hoping for. but the long term outlook is a bit too sunny for the sky tours industry for fixing closer 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 about 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 volley 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 starving traveling business? sure, it's 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, i'm 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 with 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, our 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 ranko but not the chinese center of disease control center. there won't be a huge wave by these, but these 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, 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 head. it was already spreading. of course, we know the arm across is spreads very easily. but also, i think this is an ongoing process. you know, even in europe or elsewhere, that coven cases remain relatively elevated. this is a deal 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 engine from the bias for 3 years. and they're only where we are basically 2 or 3 years ago. for you, you mentioned that these infections are hitting the rural areas and china much

harder than the cities because the medical system there in these rural areas is not as well equipped as in the cities. how are these communities then dealing with these outbreaks? frankly, they're dealing as best as they can. they're going to be turning to traditional remedies are possible. they're going to be using simple power suitable in fever remedies, titles 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 is being extremely good and vice very badly on the country and it's leadership. china 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. emer, my phone on my feet, 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. fine 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, race digging onto it ordered by ours. letting track is 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't get around that too, and it's just not enough. i was not super understood in the algo 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 . it is about up none and is dusty again. usually our guests come here for skiing redness, but this year that was impossible due to a lack of snow plan. and so my, we're expecting more of interest to be like this. we can count on snow any more hours. 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 any way. an orange went 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. but 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, japan's finance minister has warned that the country's financial situation is becoming increasingly precarious to pounds of the debt is more than double as 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 are in talks to introduce a common currency. the presidents of the 2 countries, a brazil's president who love the service 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 chancellors all shots. this trip to paris. the 2500000000. you're a 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 and became the 20th country to officially adopt the european single currency on january 1st, the government zach 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 will 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 they would have, they would, they said then they said, awesome, i stumbled milk, eggs. i guess all of the phrases are off really high. with the start of the year, 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 check $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. mason that i think a lot 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 rate, 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 bunny style and hong kong. it's billed as a luxury rabbit resort. guess can hop around a large play area and even stay overnight. the business opened 7 months ago and is fully booked for the holiday. it keeps guests busy with regular exercise spa treatments and of course no back long.

and he has a top, sorry at this hour with corona, ourselves over chinese tours have been traveling to places like egypt and thailand, but lunar new year revenues are expected to be far from the 250000000000 dollars that were spent before covered 19 on traffic that's a show for now for more check out our website at dw dot com slash business and the d. w. use youtube channel. i'm chris kolber. glenn from me and the entire team. thanks for watching. ah, with

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