COVID-19 Crushing Impact on Travel and Tourism
The WTTC- World travel and tourism council recently published the appalling stats regarding the probable loss of nearly 174 million tourism jobs by the end of 2020. This due to COVID-19 global pandemic and the resulting travel limitations imposed.
The possible efforts to curtail and restrict the virus have impacted catastrophically on the tourism sector. According to current and present-day economic data of WTTC, the travel restrictions worldwide would likely have a huge impact resulting in loss of 174 million jobs.
This shocking number is less than the previously stated estimates of 197 million jobs to be lost.
The tourism experts are of the belief that this improvement is the result of return of domestic travel in many areas. Some countries have also restored international travel and tourism.
The data states that the relaxation of domestic and international travel will drastically reduce the loss of jobs. 31 million jobs could be saved if the travel is brought back to normal domestically.
Mexico is on the top of the list of the countries affected considering that 15.5 percent of its GDP is generated from travel and tourism.
The United States has already faced the loss of 18.6 million jobs. $4.7 trillion from travel and tourism will not be contributed to the GDP, and will result in alarming 53 percent loss in 2020 as compared to 2019.
The devastating situation demanded a solution. Many other countries like New Zealand, Australia, UK, Lithuania and Estonia have all acted on the situation lifting the travel restrictions. They have reopened their borders for international travelers and tourists from some selected nations.
This large impact to the tourism sector can be saved by the WTTC recovery plan. The 100 Million Jobs Recovery Plan outlines the major, prime initiatives that will aid in strong and established international coordination for constructive operations and to the restoration of travel.
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