Home > > WTTC Economic Trends Report reveals COVID-19’s dramatic impact on world Travel & Tourism

WTTC Economic Trends Report reveals COVID-19’s dramatic impact on world Travel & Tourism

07/07/2021| 12:23:57 PM| 中文

The sector will pivot and adapt to ultimately return stronger post COVID-19.

Asia Pacific was the region hit hardest by the COVID-19 pandemic according to the new annual Economic Trends Report from the World Travel & Tourism Council (WTTC).

The report reveals the full dramatic impact of travel restrictions designed to curb COVID-19 on the global economy, individual regions, and its job losses worldwide.

Asia-Pacific was the worst performing region, with the sector’s contribution to GDP dropping a damaging 53.7%, compared to the global fall of 49.1%. 

International visitor spending was particularly hard hit across Asia Pacific, falling by 74.4%, as many countries across the region closed their borders to inbound tourists. Domestic spending witnessed a lower but equally punishing decline of 48.1%. 

Travel & Tourism employment in the region fell by 18.4%, equating to a shocking 34.1 million jobs. 

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TAGS: Asia Pacific | Europe | tourist spending | WTTC
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