Billions Lost in the Tourism Sector Worldwide

Travel News
Oct 2020

One virus has affected billions of lives and so many industries that we might have taken for granted in the past as a source of revenue. The latest edition of the UNWTO World Tourism Barometer shows that the near-complete lockdown imposed in response to the pandemic led to a 98% fall in international tourist numbers in May when compared to 2019. The Barometer also shows a 56% year-on-year drop in tourist arrivals between January and May. This is equivalent to a decrease of 300 million tourists and US$320 billion lost in international tourism receipts.

When we usually think of tourism, we are in the place of a tourist who is excited to explore a new location with friends and family. However, those in positions of leadership and influence view tourism as an elemental part of a country’s economy and jobs. In order to encourage visitors amidst this pandemic, tourist destinations need to implement and follow all the protocols necessary for the new world reality.

Today, 53% of destinations worldwide have started to ease travel restrictions bringing hope to those who need a much-needed escape.