Published on : Friday, July 2, 2021
The major drop in global tourism due to the pandemic is having an extensive and overwhelming impact, mainly for Small States. During a Commonwealth Tourism Seminar organized yesterday, the Commonwealth Secretariat has suggested for the development of a global ‘Tourism Action Plan’. This would help in boosting the much-needed recovery of the sector.
For many Commonwealth Small States, tourism is the financial lifeblood, particularly in Small Island Developing States (SIDS) where almost 90% of tourism comes from international tourists.
While delivering a speech at the event, the Hon Allen Chastanet Prime Minister of St Lucia explained the local impact:
“This crisis has given us the perfect economic lab to examine the impact of tourism because we have lost it for 18 months. In St Lucia, we’ve had a 20% contraction in our economy, 90% of that was because of the inaccessibility of tourism. Our debt stock increased by 10% and our economy contracted by 20%. We now know given the fallout that the economic impact of tourism in our own destinations is very far-reaching and creates opportunities that maybe were not taken advantage of in better days.”
Since the onset of the pandemic, as per the UN, there were over 1 billion fewer tourism arrivals globally, creating a loss of over $4 trillion to the global GDP for the years 2020 and 2021 respectively.
Tags: global tourism