UNWTO: Global tourism industry lost almost $ 195 billion

UNWTO: Global tourism industry lost almost $ 195 billion World tourism almost stopped in April due to the COVID-19 crisis, with a 97% drop in international arrivals. The number is 180 million less than in the same month of 2019, after a decrease of 55% in March, Report says, citing the World Tourism Organization (UNWTO).
Tourism
June 24, 2020 09:49
UNWTO: Global tourism industry lost almost  $ 195 billion

World tourism almost stopped in April due to the COVID-19 crisis, with a 97% drop in international arrivals. The number is 180 million less than in the same month of 2019, after a decrease of 55% in March, Report says, citing the World Tourism Organization (UNWTO).

Although April was expected to be one of the busiest times of the year, due to the Easter holidays, the almost universal introduction of travel restrictions caused that great fall, with which world tourism accumulated a decrease of 44% until that month, resulting in a loss of approximately US$ 195 billion in revenue.

Asia and the Pacific were the first regions to be affected by the pandemic, taking the worst blow between January and April 2020, with 51% fewer arrivals.

Europe registered the second-largest drop, with a decrease of 44% in the same period. While the Middle East, with a fall-off of 40%, America, with a decline of 36%, and Africa, with a decrease of 35%.

In early May, UNWTO established three possible scenarios for the tourism sector in 2020 that point to potential decreases in the total number of international tourists from 58% to 78%, depending on when travel restrictions are lifted.

In these three scenarios, the drop in demand could mean the loss of between 850 and 1.1 billion international tourists, between 910 billion and 1.2 billion dollars in world tourism revenue.

Furthermore, between 100 and 120 million jobs in direct tourism employment are threatened.

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