from the United Nations outlining Covid-19’s impact on the tourism industry projects the pandemic will cost the tourism industry approximately $1 trillion in losses and threaten more than 100 million jobs worldwide, underlining how the ongoing global crisis has devastated one of the world’s largest industries.... [+]International tourist numbers are projected to decline by between 58% and 78% from 2019 to 2020, the UN reports, which would result in a drop of 850 million to 1.1 billion tourists.
The expected loss in export revenues from international tourism is $910 billion to $1.2 trillion; $320 billion has already been lost in the first months of 2020, which is more than three times the loss experienced during the entire 2009 economic crisis. Approximately one in 10 people worldwide work in the tourism sector, and the impact of the pandemic has put 100 million to 120 million jobs at risk.
The losses in the tourism industry are projected to reduce global GDP by between 1.5% and 2.8%, depending on how long the tourism standstill lasts. The tourism slowdown is expected to have the most detrimental impact on the world’s least developed countries—particularly in Africa—and small island developing states, where tourism accounts for a higher percentage of their GDP, as well as on the women and young people who make up the highest share of tourism workers.
oof
Stay home... Make a living from breathing...
WOW what a fiasco.....👎🤔
United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: Forbes - 🏆 394. / 53 Read more »