Tourism industry loses $460 billion in six months

Tourism industry loses $460 billion in six months

Sep 16, 2020

Tokyo (Japan), September 16: The UN World Tourism Organization says the global tourism industry lost 460 billion dollars in the first half of this year due to restrictions on international travel amid the coronavirus pandemic.
UNWTO said in a report on Tuesday that 440 million fewer people traveled overseas between January and June this year, compared to a year earlier.
Travel restrictions were eased in some regions in mid-May, but the world body says the anticipated improvement in international tourism numbers did not materialize during the peak summer season in the Northern Hemisphere.
International arrivals to North and South America were down 55 percent, and down 57 percent in both Africa and the Middle East. Europe suffered a 66 percent fall and the Asia-Pacific was hardest hit, with a 72 percent drop.
The decline in tourism revenue is said to be about five times the loss triggered by the 2009 economic crisis.
UNWTO estimates it will take two to four years for international travelers to return to levels seen in 2019.
The organization says "it is imperative that governments work closely with the private sector to get global tourism moving again."
Source: NHK World