Global tourism loses USD 460 billion
– The huge decline in international travels for January-June 2020 period resulted in 440 million fewer people traveling overseas and the decline in international tourism revenue of about USD 460 billion, the WTO UN report said,TASS news agency reports.
The decline in tourism revenue is said to be about five times the loss triggered by the 2009 global economic crisis.
According to the WTO data, international arrivals suffered a 65% fall in the first half-year because the countries introduced travel restriction and closed borders in order to attempt to suppress the contagion.
The first region to suffer the Covid 19 consequences, Asia-Pacific, was hardest hit, with a 72 % drop in the observed six-month period.
Europe is next with a 66% drop, followed by North and South America which suffered a 55 % fall whereas Africa and the Middle East were each down by 57%.
Most Important News
11.03.2024. | Healthcare
Are Marketing Experts Reading Our Minds? – eKapija Investigates: What Neuromarketing Is and How Much It Is Used in Serbia
11.03.2024. | Construction, Transport
Tender for Continuation of Construction of Patrijarha Pavla Blvd Stopped – Contractors Demanding Price Higher Than Estimated
11.03.2024. | Construction, Transport
11.03.2024. | Construction, IT, Telecommunications
Auction for 5G Network by End-Year, Minister Announces
11.03.2024. | Construction, IT, Telecommunications
26.03.2024. | Transport
Tender for Expert Supervision Over Planning and Construction of New Railroad Jovanovac – Cvetojevac Junction – Sobovica Published
26.03.2024. | Transport
17.01.2024. | Industry, Healthcare
Ceremony of Opening of Centers of Excellence in Kragujevac Planned for Spring – Official Beginning of Operations in June
17.01.2024. | Industry, Healthcare
26.03.2024. | Construction, Transport
Fast Railroad from Belgrade to Subotica Might Be Opened as Soon as December
26.03.2024. | Construction, Transport