• U.K. likely to face 2.4 million job losses in travel and tourism: WTTC

    2 monthes ago - By Travel and Tourworld

    According to a latest study of the World Travel & Tourism Council , the U.K. could witness a staggering loss of 2.4 million jobs in the travel and tourism sector this year if COVID-19 related international travel restrictions continue to remain in place. The latest figures arrived from WTTC's new economic modelling, that studied the punishing impact of the COVID-19 pandemic and travel restrictions on the travel & tourism sector.
    At present, nearly 1.9 million jobs have already been impacted in the U.K. and another 2.4 million jobs is likely to be under threat if is no immediate alleviation...
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  • Tourism sector expected to lose more than $1 trillion due to Covid-19

    Tourism sector expected to lose more than $1 trillion due to Covid-19

    2 monthes ago - By Travel and Tourworld

    The coronavirus has left the tourism sector reeling under its impact. International tourism numbers could drop by 58 per cent to 78 per cent in 2020. According to the latest research data, it would lead to a loss of $910 billion to $1.2 trillion in tourism exports which amounted to $1.5 trillion in 2019.
    Based on a United Nations Conference on Trade and Development report, the tourism industry's woes will cause a loss of 1.5 per cent to 2.8 per cent on global GDP. It would translate to a $1.17 trillion to $2.22 trillion loss for the global economy.
    Tourism is ranked as the third largest...
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