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A brand new United Nations report warns that world tourism will see solely modest income positive aspects in 2021 after final 12 months’s historic losses amid the COVID-19 pandemic.
Why it issues: Tourism revenues in 2020 fell by greater than half from the earlier 12 months — a big blow to the worldwide economic system, in line with evaluation by the UN World Tourism Group (UNWTO).
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By the numbers: The UNWTO estimates 2021 world tourism income will quantity to $1.9 trillion — a modest bump from 2020’s low of $1.6 trillion.
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Earlier than the pandemic, 2019’s world tourism income clocked in at $3.5 trillion, or 4% of world GPD.
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The UN finds the drop in tourism is accountable for 70% of the whole drop in world GPD final 12 months.
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In all, the pandemic will probably value the worldwide tourism sector $2 trillion in misplaced income in 2021, in line with the UNWTO.
What they’re saying: UNWTO Secretary-Normal Zurab Pololikashvili mentioned in an announcement Monday that information for the third quarter of 2021 was “encouraging.”
What to look at: Governments are more and more involved concerning the unfold of the Omicron variant of COVID-19, as they search to reopen economies stalled by almost two years of pandemic restrictions.
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Pololikashvili famous that in gentle of the rising instances and the emergence of latest variants, there wanted to be continued “efforts to make sure equal entry to vaccinations, coordinate journey procedures, make use of digital vaccination certificates to facilitate mobility, and proceed to help the sector.”
Go deeper: Borders are again
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