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Skål International USA continues its highly successful Educational Webinar Series
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Colombia showcases its competitive advantages in sustainable tourism with Canadians
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Where were you when the pandemic struck?: Travel Weekly
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By Maheshika Dissanayake
As the third-largest export sector globally, the tourism industry is severely affected by the unprecedented COVID 19 pandemic. From January to October in 2020, according to UNWTO, loss in the export revenue from the international tourism sector was recorded at US$ 935 billion, which is ten times larger than the loss of the global economic crisis in 2009. Expectantly, it will reduce global GDP by 1.5% to 2.8%, affecting both developed and developing countries’ economies and livelihoods. Global GDP would incur an economic loss of US$ 2 trillion. One out of ten people worldwide depend on the tourism industry directly or indirectly, thus exposing 100 to 120 million direct tourism jobs to risk due to the decline of international tourists’ arrival by 70% to 75%. Consequently, UNWTO predicts that the tourism industry will bounce back to its 1990s level.
By Prof Utpal Kumar De , Dr Simi Mehta
Tourism, the third-largest export sector in the global economy, is severely affected due to the ongoing COVID-19 pandemic and has returned to the stage of at least two decades back. From January to October 2020, the revenue from international tourism recorded a loss of US$ 935 billion, which is ten times larger than the loss of the global economic crisis in 2008. As per the estimate of UNWTO, the global GDP is expected to contract in the range of 1.5% to 2.8% due to this pandemic affecting people’s livelihood engaged in tourism-related activities across the countries with an overall approximate global GDP loss of 2 trillion USD. One out of ten people in the world depends on the tourism industry directly or indirectly. The estimated direct job loss ranges between 100 and 120 million for the decline of international tourists’ arrival, which is expected to reduce by 70% to 75%.