UN: Global tourism lost $320 billion in 5 months from virus

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Global tourism industry has been devastated by the coronavirus pandemic, with $320 billion lost in exports in the first five months of the year and more than 120 million jobs at risk, the U.N. chief says.

A few people jog in an empty Minatomirai area amid an outbreak of the new coronavirus in Yokohama near Tokyo, Monday, April 6, 2020. The United Nations Secretary-General Antonio Guterres on Tuesday, Aug. 25, 2020, said the global tourism industry has been devastated by the coronavirus pandemic, with $320 billion lost in exports in the first five months of the year and more than 120 million jobs at risk.

Secretary-General Antonio Guterres said in a policy briefing and video address that tourism is the third-largest export sector of the global economy, behind fuels and chemicals, and in 2019 it accounted for 7% of global trade. But the U.N. chief said that in the first five months of 2020, because of the pandemic, international tourist arrivals decreased by more than half and earnings plummeted.

In addition to tourism jobs that are at risk, the policy paper said jobs in associated sectors, including food service, that provide employment for 144 million workers worldwide are also at risk.Guterres said tourism “is also a key pillar for the conservation of natural and cultural heritage.”

Source: News Formal (newsformal.com)

 

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