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UK Media & Consumer Market Update — August 12, 2020

UK Media & Consumer Market Update — August 12, 2020
12 August 2020 Zac van Manen

Accurate as of: 12 August 2020

UK Media & Consumer Market Update

Current UK status:

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  • As of 6pm on 10 August 2020, a total of 13,453,361 people have been tested for coronavirus (COVID-19), of which 311,641 were confirmed positive.
  • 46,526 patients in the UK who tested positive for COVID-19 have died.
  • The UK government has delayed easing further lockdown restrictions, following a spike in coronavirus cases in parts of Greater Manchester, East Lancashire, and West Yorkshire. Local lockdown restrictions have been enforced – preventing visiting other homes or gardens and socialising in indoor venues with people one does not live with.
  • The self-isolation period has been extended from 7 days to 10 days for those who have COVID-19 symptoms or a positive test result.
  • The UK launched the ‘Eat Out to Help Out’ scheme on Monday 3 August, where diners will receive up to 50% off bills at selected participating restaurants and cafes throughout August – aiming to protect jobs in the hospitality sector. In the first week, over 10.5m meals were claimed.

UK travel restrictions:

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  • As countries respond to the COVID-19 pandemic, including travel and border restrictions, the FCO advises British nationals against all but essential international travel.
  • A 14-day mandatory quarantine for all UK arrivals except for those announced as exempt. See here for the full list of exempt countries. Countries can be added or removed from this list at any time. For example, Spain, Belgium, The Bahamas, Andorra, and Luxembourg have all been recently removed from the list.
  • FCO travel advice includes information on any health measures in place for visitors to a country or territory. These can include a requirement to self-isolate, quarantine or undergo testing for coronavirus, or even restrictions on entry.

Latest updates:

  • With more countries being removed from the quarantine exempt list, the Government warns that there is no risk-free way of travelling overseas (Travel Weekly)
  • France, Malta and the Netherlands are the next two countries that might be removed from the quarantine exemption list (Telegraph)
  • The UK has officially entered recession with hospitality and accommodation sectors bearing the brunt hardest, new government figures show (TTG)
  • Mykonos is feared to be epicentre of the Greece coronavirus spike as officials investigate ‘super spreader’ raves (The Sun)
  • Egypt has introduced new travel restrictions for anyone entering the country, with tourists forced to have a negative coronavirus test to be allowed to enter (The Sun)
  • Bars and restaurants in tourist hotspots of Greece are being ordered to close from 12am-7am after the government implemented a late-night curfew in response to a recent spike in coronavirus cases (Independent)
  • Airlines desperate for revenue but hampered by the entangled web of international travel restrictions have turned to “flights to nowhere” for cash. Two carriers in Taiwan (China Airlines & EVA Air) are the latest to offer ‘flightseeing’ trips to passengers keen to break the monotony of lockdown, while Australian flag carrier Qantas is set to operate tours over Antarctica later this year (Telegraph)
  • InterContinental Hotels Group – owner of hotel brands including Regent, Indigo, Holiday Inn and Crowne Plaza – has reported a halving of revenue in the first half of the year, warning of job cuts (TTG)
  • New Zealand was coronavirus free for over 100 days until yesterday, when four new cases emerged. Auckland has returned to Level 3 lockdown while the rest of the country has returned to Level 2. An investigation into the source is underway, and it is reported the cause may be imported freight (Independent)
  • Increased concern among consumers making travel-related purchases is being reported, with one in three (34%) people say they are worried about a travel booking being refunded due to a local lockdown or “second peak” of coronavirus (Travel Weekly)
  • The number of profit warnings issued by FTSE-listed media companies in the UK hit an all-time high in the first half of the year as the coronavirus crisis sparked a collapse in advertising revenue. Between January and June 59% of the media sector issued one or more profit warnings, with 81% citing Covid-19 (City AM)

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