Published on : Monday, August 31, 2020
Last year, 10% of jobs and GDP were in travel and tourism around the world. However, 197.5 million jobs in the industry could be at risk if corona virus-related travel restrictions and quarantines are kept intact, according to the World Travel & Tourism Council.
The Caribbean Islands depend a lot on tourism for employment. More than 90% of jobs in Antigua and Barbuda in 2019 were from tourism. In 2019, one in 10 people worked in travel and tourism-related jobs, fetching $8.9 trillion, or around 10.3%, to the global economy.
In the last five years till 2019, tourism was responsible for one in four of all net new jobs created globally.
This was before COVID-19 hit globally. While many popular destinations are welcoming visitors again with lot of caution, tourism is witnessing decline with regard to jobs and revenue. But the worst may be yet to come!
The UNWTO forecast in May that international tourist numbers could fall 60-80% in 2020.
Around 197.5 million jobs in tourism could be lost, the World Travel & Tourism Council (WTTC) had predicted in June. That figure was based on a “worst-case scenario” where obstacles like blanket travel restrictions and quarantines, remain in place.
Tags: 197.5 million jobs