COVID-19, a wreck on tourism, culture and creative arts sectors
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Tourism, Culture and Creative Arts (TCCA) sectors are among the most affected by the ravaging Coronavirus (COVID-19) pandemic. The sectors are important for their socio-cultural and economic footprints. They spur innovation, social inclusion, health, education, and urban regeneration.
Under these sectors, the venue-based operators such as museums, performing arts, live music, festivals, cinemas are the hardest hit by social distancing protocols. The abrupt drop in revenues puts their financial sustainability at risk and has resulted in reduced wage earnings and lay-offs. Consequently, there are serious economic repercussions for the value chain - creative arts and non-creative arts sectors.