Coronavirus pandemic could cost global tourism $2T this year
The coronavirus pandemic will likely cost the global tourism sector $2 trillion in lost revenue in 2021, the UN’s tourism body said Monday, calling the sector’s recovery “fragile” and “slow.”
Despite recent improvements, the report warned that demand for travel could be further affected by “uneven vaccination rates around the world and new COVID-19 strains which had prompted new travel restrictions in some countries.
In the past few days, the emergence of the Omicron variant has led dozens of countries to reinstate restrictions on arrivals, or to delay relaxation in COVID-19 travel and testing rules, leading to wide uncertainty for holiday season travellers worldwide.
The safe resumption of international tourism is urgently needed for global recovery.— World Tourism Organization (@UNWTO) November 29, 2021
It will depend on:
Check more from UNWTO panel of experts: https://t.co/NNcGTkkdYS pic.twitter.com/YR2JZBpESw
Spikes in oil prices and the disruption of global supply chains have also had an effect. According to the latest UNWTO data, international tourist arrivals are expected to remain 70-75 per cent below 2019 levels in 2021, a similar decline as in 2020.
Read more at: United Nations News