Tourist spending across Europe fell by 68%, with Italy seeing a massive 96% fall, UBS says - Business Insider

Associated Press

The stats corroborate a recent warning from the UN's World Tourism Organization , which described tourism as "one of the hardest-hit by the outbreak of COVID-19."According to a recent UBS analysts' note – which cited data from Planet, the VAT refund provider – tourist spending across Europe in March fell 68.4% year-on-year.

UBS said that March spending on luxury goods and services in Europe – from the likes of Chanel, Gucci and Louis Vuitton – has nosedived by 78% year-on-year.UBS analysts add that as coronavirus cases start to rise in Europe, governments will be looking to lift lockdowns. But the timing on this remains uncertain.

The stats corroborate a recent warning from the UN's World Tourism Organization , which described tourism as "one of the hardest-hit by the outbreak of COVID-19.", UNWTO said it had "revised its 2020 forecast for international arrivals and receipts," while emphasizing that this forecast is "likely to be further revised."

dont worry about sluggish, Chinese tourists will pour in to buy Italian luxury goods soon.

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Memo: Zume cuts another 200 employees after funding falls through - Business InsiderLeaked memo: Troubled Softbank-backed robotics startup Zume just conducted a second round of sweeping layoffs after funding falls through Robotics can be very hard or it can be very simple. But do collaborate.
출처: BusinessInsider - 🏆 729. / 51 더 많은 것을 읽으십시오 »

Quibi falls out of top 70 in iOS app store charts after hyped debut - Business InsiderQuibi has fallen out of the top 70 on iOS charts, but is performing better among Android users. It still holds the 11 in the Google Play store.
출처: BusinessInsider - 🏆 729. / 51 더 많은 것을 읽으십시오 »

Tyson workers die, fall ill with COVID-19 without paid sick leave - Business InsiderAt least five Tyson workers from meat processing plants in Georgia and Iowa have died of COVID-19, as hundreds of workers in the industry fall ill. I can say, I've never eaten Tyson products. .TysonFoods .TysonFoodsCEO Take care of your people. We the people are watching and will remember such things when at the market. wiremontana C'est un véritable scandale! C'est innaceptable et criminel de faire travailler le personnel de la société dans de telles conditions? C'est honteux!😡
출처: BusinessInsider - 🏆 729. / 51 더 많은 것을 읽으십시오 »