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

Published on : Monday, February 22, 2021

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.


(No Like Yet)

Related Posts

Tags:

Leave a Reply

Your email address will not be published. Required fields are marked *

arrow2Follow TTW
 
facebook-logo  twitter-logo  LinkedIn_logo  rss_logo 
ttw_blogger_logo  ttw_blogger_logo

ADVERTISEMENT

  • 03 ITB Asia 2021
  • 08 iitm 2021
  • 12 ttfotm 2021
  • 13 aaaexpos 21
  • 14 KITF 2021
  • 15 MENA 2021
  • 16 atwconnect 21
  • 16 ITB asia 2020
  • 18 globalwellnesssummit  21
  • 30 PATA

TRAVEL INDUSTRY EVENTS

    1. INTERNATIONAL HOSPITALITY INVESTMENT FORUM (IHIF)

      March 8 - March 10
    2. ITB Berlin

      March 10 - March 14
    3. SALON DESTINATIONS NATURE 2020

      March 18 - March 21
    4. Arabian Travel Market

      May 16 - May 19
    5. IMEX FRANKFURT

      May 25 - May 27
Get our toolbar!
Review www.travelandtourworld.com on alexa.com