COVID-19: Global tourism $460bn in H1’2020

The coronavirus crisis cost the global tourism sector $460 billion in lost revenue during the first six months of 2020 as the number of people travelling plunged, the UN has said. Revenue lost between January and June amounted to ”around five times the loss in international tourism receipts recorded in 2009 amid the global economic and financial crisis,” the Madrid-based World Tourism Organization said in a statement. International tourist arrivals fell by 440 million during the period, or 65 per cent, with Asia, the first region to feel the impact…

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