Covid-19 blew away $1,300 billion of the world tourism



On January 28, the World Tourism Organization (UNWTO) announced that the 2020 Covid-19 epidemic had "blown away" $1,300 billion in revenue, 11 times higher than the damage that the tourism industry ever recorded during the global economic crisis of 2009.

Covid-19 blew away $1,300 billion of the world tourism

Covid-19 blown away $1,300 billion in tourism revenue / ph: pexels

Accordingly, UNWTO called 2020 the worst year in the history of the tourism industry.  This Madrid-based organization said the number of international tourists last year decreased by 1 billion, or 74%, and warned that the pandemic threatened 100-120 million jobs directly in the  Tourism.

 According to the UNWTO, the implementation of the Covid-19 vaccine promises to help the tourism industry gradually recover in 2021, but many countries are re-imposing stricter travel restrictions such as quarantine and testing forced and closed borders due to "natural developments of pandemic".

 The number of international tourists in 2019 increased 4% from the previous year to 1.5 billion.  In particular, France is the country that attracts the most number of tourists in the world, followed by Spain and America.

 The recent decline in international arrivals was in 2009 with a 4% decrease from the previous year, due to the global economic crisis.  According to the UNWTO, most experts predict tourism activity will return to pre-pandemic levels from 2023.

 In December 2020, the UNWTO estimated that international tourist arrivals would fall 70% to 75% in the whole year 2020. In this case, global tourism would return to 30 years ago, with 1 billion visitors.  A huge drop in tourism due to the pandemic could lead to an economic loss of $2 trillion in the world's GDP.

Covid-19 blew away $1,300 billion of the world tourism

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