Problems in vaccine rollouts and spread of virus have discouraged travel industry’s expectations for recovery

 Monday, February 22, 2021 

Favorite

Problems with rollout of vaccine rollouts and ongoing spread of the corona virus have actually discouraged the travel industry’s expectations for a recovery from the economic issues that it had been facing.


Destinations like Iceland and Thailand are facing both delays of the vaccine rollouts along with new strains of the virus and these are acting as restraints for people who want to travel again.


The UNWTO said that 2020 was the worst year in terms of tourism, and the road to recovery has been tough too. A survey from October has found that 79 percent of experts polled said that a recovery is possible this year, while now only 50 percent say so.


41 percent of respondents said that it might take until around 2024 to witness a complete revival. This is also leading to a loss of jobs.


Earlier this month, James Sowane, owning a Fiji-based transportation company, summoned a staff meeting and said that employees should start looking for other jobs. Travel, tourism and other related business industries grabs around 10 percent of the global economy accounting for one in 10 jobs, as per the World Travel & Tourism Council.

« Back to Page

Related Posts

Tags:

PARTNERS

Subscribe to our Newsletter

I want to receive travel news and trade event update from Travel And Tour World. I have read Travel And Tour World's Privacy Notice.

Oct 05
October 5 - October 7
Oct 06
October 6 - October 8
Oct 11
October 11 - October 13
Oct 12
October 12 - October 14