Thursday, 04 June 2020

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The global tourism sector and unprecedented losses The size of the losses of the global tourism sector until mid-March 2020

The global tourism sector and unprecedented losses

Egyptian News Vision: - Due to the outbreak of the new Corona virus, as 19 in the world, the tourism sector has incurred losses amounting to about 62 billion US dollars.

This comes first because of the decisions of many countries to suspend air traffic permanently, and secondly, the fears of tourists from infection with this virus, as many countries have closed many tourist facilities.

  • Tourism, meeting, incentives, conferences and events tourism losses until mid-March reached $ 42 billion.
  • European tourism losses 2 billion euros, and losses continue at the rate of approximately one billion euros per month.
  • Aviation sector losses amounted to about 30 billion US dollars.

The World Tourism Organization announced the suspension of all events of the organization and planned until April 30, 2020, due to the outbreak of the Corona virus worldwide, indicating that rescheduling to later dates will be evaluated based on further development of the current situation.

The organization indicated that it will conduct extensive contacts with all parties involved in the crisis to develop a strategy to work together in this difficult time, including the regional commissions of the World Tourism Organization and other United Nations bodies, including the International Civil Aviation Organization, the International Maritime Organization (IMO), the Air Transport Association International (IATA), and with key sector stakeholders to ensure coordinated tourism response to challenges.


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