COVID-19: 320 billion USD of losses for world tourism
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COVID-19: 320 billion USD of losses for world tourism

News  
07-29-2020
 

The losses of the global tourism industry due to the COVID-19 coronavirus pandemic from January to May amounted to 320 billion US dollars. This data was published by the World Tourism Organization (UNWTO).

Thus, the financial losses already incurred by world tourism this year are more than three times higher than the losses during the global economic crisis of 2009.

According to the UNWTO, in January-May the number of international tourists decreased by 300 million people, or 56% compared to the same period in 2019. At the same time, the index of travelers ' confidence in tourism shows historical lows.

Among the main risks facing the international tourism industry, UNWTO refers to the spread of the virus and restrictive measures, as well as the situation in the United States and China.

In early May, the organization predicted a 60-80% drop in the number of international tourists in 2020, with the total financial losses of the industry at 910-1200 billion US dollars.

UNWTO also warned of the threat of closing between 100 and 120 million direct jobs in the tourism industry globally.

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