Virus Cost Global Tourism $1.3 Trillion
2020 Worst Year in Tourism History
The United Nations has described 2020 as “the worst year in tourism history” in revenue as the number of people travelling plunged.
According to the World Tourism Organization (UNWTO), the collapse in international travel represents an estimated loss of USD 1.3 trillion in export revenues
This is more than 11 times the loss recorded in the 2009 global economic crisis.
“While much has been made in making safe international travel a possibility, we are aware that the crisis is far from over,” WTO head Zurab Pololikashvili said in the statement released Thursday.
Asia and the Pacific (-84%) – was the first region to suffer the impact of the pandemic and the one with the highest level of travel restrictions currently in place – recorded the largest decrease in arrivals in 2020 (300 million fewer).
The Middle East and Africa both recorded a 75% decline.