UN Report On International Tourism:
According to the report by UNCTAD and UN’s World Tourism Organisation (WTO), International tourism arrivals are set to stagnate in 2021, except in some Western markets
- As per report, stagnation would result into losses of $2.4 trillion.
- It highlights, tourism sector is not expected to rebound fully until 2023.
- It underlines, COVID-19 vaccination and certificates are key to restore confidence in foreign tourism. Vaccination will provide a lifeline for several countries including small island states which rely mainly on tourism sectors to provide jobs.
- According to it, international arrivals plunged by 73% in 2020 from pre-pandemic levels in 2019. It resulted into estimated losses of $2.4 trillion in tourism and allied sectors.
- Report expects for certain recovery in second half of 2021 at least for North America and Europe.
- Report has set three scenarios for 2021, showing international tourism arrivals forecast to decrease by 63% to 75% from pre-pandemic levels.
- It will cause losses of about $1.7 trillion to $2.4 trillion.
