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UN: The Loss Of Revenue From International Tourism Due To The Pandemic Amounted To About $320 Billion

UN: The Loss Of Revenue From International Tourism Due To The Pandemic Amounted To About $320 Billion

The global tourism industry may miss $320 billion due to the coronavirus pandemic this year, according to a press release issued on Tuesday by the UN World Tourism Organization.

The number of tourists traveling to other countries, as indicated in the report, in May this year decreased by 98% compared to the figure for the same period last year. At the same time, in the first five months of this year, this figure fell by 56%, "which led to a loss of revenue from international tourism in the amount of about $320 billion," the organization said.

"These latest data clearly show the importance of resuming tourism as soon as it is safe to do so. A sharp drop in international tourism threatens many millions of people with the loss of their livelihoods, including in developing countries," said Zurab Pololikashvili, Secretary-General of the UN World Tourism Organization.

However, as highlighted in the press release, there are now signs of a gradual resumption of international tourist travel; this is mainly due to the partial opening of the external borders of the European Union. However, the final recovery of the industry, as noted in the organization, is expected only by the second half of 2021.

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