Italy, Austria, France, Germany, Japan and the the UK are among those imposing restrictions on flights and travelers from six African nations after the new strain, known as B.1.1.529 variant, was detected in South Africa, Botswana, and in a visitor to Hong Kong from South Africa.
While only dozens of cases have been identified so far, news of the variant, which has around double the amount of mutations as the Delta variant, is already sparking fears around the world.
The cascade of closures began late Thursday as the UK announced it would be temporarily suspending flights from South Africa, Namibia, Zimbabwe, Botswana, Lesotho and Eswatini, with Health Secretary Sajid Javid describing the variant as the "worst ever" strain of Covid-19.
Tourism fears
The move prompted the South African government to issue a statement describing the UK's decision as "rushed," and expressed concern about the damage it would cause to "both the tourism industries and businesses of both countries."
In the hours since, Japan has tightened border controls for travelers from the same six countries, bringing in a 10-day quarantine beginning 12 a.m. on November 27.
Meanwhile, Germany plans to declare South Africa a "virus variant area" from Friday night, which will mean that airlines may only enter from the country to repatriate German citizens.
Fellow EU nations Austria, France, Italy, the Netherlands and Malta have all announced imminent entry bans to all travelers who've entered South Africa, Lesotho, Botswana, Zimbabwe, Mozambique, Namibia and Eswatini in the past two weeks.
French Health Minister Olivier Véran said the "rapid" circulation of the variant in South Africa "means that it's probably contagious or very contagious," justifying France's precautionary stance.
The developments have led to speculation that some of the strict curbs on travel brought in at the start of the pandemic could be on their way back.
Return to restrictions?
Germany has also joined the list of countries banning flights from southern Africa.
Boris Roessler/picture alliance/Getty Images
"There's definitely a sense at the moment that restrictions are returning," Rory Boland, travel editor at consumer magazine Which? tells CNN.
"Not just southern Africa, Portugal has reintroduced tests for double vaccinated arrivals, and other countries are increasing restriction.
"When you're in the country too, lots of countries are requiring tests on top of vaccination. There are increasing restrictions on boosters.
"There's a sense that travel is becoming more difficult again -- and that's against a background of lots of people not feeling confident traveling already."
World Health Organisation experts have said, while it's still too early to gauge what kind of impact the mutation will have, people should start taking precautions right now to reduce the chances of their exposure to it.
She said it would take researchers a few weeks to understand what it [the new variant] means, but action was needed in the meantime.
"Everybody that's out there needs to understand that the more this virus circulates, the more opportunities the virus has to change, the mutations we will see," she said.
"Every single one of you watching has a role to play in driving transmission down, as well as protecting yourself against severe disease and death.
"So get vaccinated when you can, make sure you receive the full course of your doses, and make sure you take steps to reduce your exposure and prevent yourself from passing that virus to someone else."
Financial impact
While it may be too early to gauge the impact of the virus, news of its emergence and the flight bans was enough to spook stock markets. European markets opening significantly lower on Friday -- the UK's FTSE 100 dropped by over 3%, while Dow futures were sharply down. Travel stocks, including airlines EasyJet, Lufthansa and Air France were hit.
The fresh anxiety comes as another blow for the travel industry, which has struggled to rebound after being brought to a near standstill during the first waves of the pandemic.
There are now fears that some travel companies may not survive if the situation with the new variant worsens.
"I think unfortunately so -- I'm not saying they might go bust in the next couple weeks but the financial situation many are in is very, very challenging," said Boland.
"It's not just that bookings are down but they're having to continually issue refunds. They're having difficulty getting financing from banks. There are a number of market conditions working against them.
"The UK had very little sector specific support from government so there's a real risk of further holiday chaos and airlines going bust."
He went on to stress that consumers should always check restrictions in any destinations they are planning to travel before booking and make sure they have appropriate coverage just in case.
"It's really important to have cover for your holiday company or airline going bust. Otherwise you could end up losing hundreds or thousands of pounds."
Top image credit: Leon Neal/Getty Images
CNN's Julia Buckley, Barry Neild, Niamh Kennedy, David McKenzie, Angela Dewan, Allegra Goodwin, Mick Krever, Xiaofei Xu and Pierre Bairin contributed to this story.
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