UNWTO Predicts $30 Billion Loss In Tourism Due To COVID-19 Outbreak

UNWTO has predicted that international tourist arrivals will grow negatively between 1-3 percent in 2020 due to the COVID-19 outbreak. This will translate to an estimated loss of US$ 30 to 50 billion in international tourism receipts. Previously, a positive growth of 3-4 percent was predicted for the year.

Asia and the Pacific will be most affected 

The initial assessment has predicted that Asia and the Pacific will be the worst hit. The anticipated fall in arrivals is between 9 and 12 percent. Since the situation is rapidly evolving, estimates for the rest of the world may presently be premature. The UNWTO has also made it clear that estimates are likely to be updated.

Concept to represent the 2020 virus threat Coronavirus, blood in a test tube.

Financial and political support is of the utmost importance for recovery measures aimed at tourism to succeed. The impact of COVID-19 will be seen across the tourism value chain. Secretary-General Zurab Pololikashvili said: “Small and medium-sized enterprises makeup around 80 percent of the tourism sector and are particularly exposed with millions of livelihoods across the world, including within vulnerable communities, relying on tourism.”

The tourism sector has the ability to bounce back from this pandemic but the key to this will be political and financial commitments. 

Also Read: Impact Analysis Of COVID-19 In India: Losses In Tourism Industry To Increase


Please enter your comment!
Please enter your name here


More Articles Like This

More from the Author

Exotic Getaways With The Residence By Cenizaro

With the new Forever Yours campaign, The Residence by Cenizaro invites families to create memories that will last a lifetime. Following a...

Wyndham Hotels & Resorts Unveils First Wyndham Grand in Mexico

Through a franchising arrangement with Grupo Cancun, Wyndham Hotels & Resorts has announced the upcoming opening of Wyndham Grand Cancun All-Inclusive Resort...

Kempinski Expands Presence In North America

The newest five-star hotel from Kempinski Hotels has white sand beaches and an ocean that is as clear as glass. In September...

Transportation In Japan

Japan is famous for its reliable and fast transportation network. The country boasts a great, efficient transportation system to take you almost...