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Losses of tourism caused by Covid-19 in 2020 surpasses losses during 2009 financial crisis

Source : 112 Ukraine

About 440 million travels did not take place; the sphere lost about $460 billion of income
20:02, 16 September 2020

Open source

Due to the pandemic, in the first half of 2020, the passengers’ flow in the world reduced by 65%. The sphere lost five times more than during the financial crisis in 2009 as the UN World Tourism Organization (WTO) reported.

“According to UNWTO, the massive drop in international travel demand over the period January-June 2020 translates into a loss of 440 million international arrivals and about US$ 460 billion in export revenues from international tourism. This is around five times the loss in international tourism receipts recorded in 2009 amid the global economic and financial crisis,” the report says.

Related: Ukraine still beyond list of countries whose citizens can travel to EU

It is specified that in comparison with 2019, the number of international tourists decreased by 93% in June.

“This represents an unprecedented decrease, as countries around the world closed their borders and introduced travel restrictions in response to the pandemic,” UNWTO explained.

During the last few weeks, a lot of directions become open for the tourists: as of the beginning of September, 53% of destination points canceled the restrictions for travels. Meanwhile, a lot of governments are still cautious.

Related: Air travel to remain low for next few years - Ryanair

As we reported, on September 11, the Ministry of Health updated the lists of "red" and "green" zone countries: 48 states now remain on the first list.

 

 

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