The Global Tourism Sector Incurs Losses of $ 460 Billion in the First Half of 2020
According to the World Tourism Organization, where the value of losses was estimated at 460 billion dollars, which is five times greater than those recorded during the financial crisis in 2009. The closure of borders and quarantine in several countries caused the number of tourists in the world to decline by 65% in the first half of this year, and believes The organization said that the return to the pre-pandemic level “in terms of tourist arrivals will take between two and four years.”
Global tourism losses due to the emerging Corona virus amounted to $ 460 billion in the first half of the year, as reported by the World Tourism Organization.
The number of tourists in the world decreased by 65% in the first half of the year due to the closure of borders and the imposition of restrictions on travelers, which caused losses to the sector “five times greater than those recorded during the economic and financial crisis in 2009,” as the Madrid-based international organization said in a statement.
“It is a sector on which millions of people depend for their livelihood,” the Secretary-General of the World Tourism Organization Zurab Pololikashvili said, as quoted by the statement.
The organization stated that the development of tourism in August predicts a “decline in demand of nearly seventy percent” over the year 2020, while some regions of the world, such as Europe, have been witnessing since this summer a new outbreak of the Covid-19 epidemic that leads to the imposition of new restrictions on travelers.
“It will take between two and four years to return to the level of 2019 in terms of tourist arrivals,” she added.
In 2019, global tourism traffic grew by four percent in terms of access. France was the first tourist destination, followed by Spain and the United States.
Germany warns against traveling to the Paris regions and the French Riviera due to the high number of coronavirus infections
The Global Tourism Sector Incurs Losses of $ 460 Billion in the First Half of 2020 - /10