Published on : Thursday, November 7, 2019
The World Travel & Tourism Council (WTTC) in association with Global Rescue, a membership organization providing medical, security, evacuation, travel risk and crisis management services, launched a new body of research that analyzed the impact of 90 crises between 2001 and 2018, at a national and city level. It also analyzed the time to recovery along with lost arrivals and lost visitor spending.
Of the four crisis categories analyzed, political instability proved to be the most challenging, while terrorist or security related incidents have the shortest average recovery time of 11.5 months (minimum 2 months).
The average recovery times for natural disasters and disease outbreaks were 16.2 months and 19.4 months, respectively (minimum 1 and 10 months, respectively).
Public private partnerships and effective, transparent communications are important for preparedness and prevention.
To quote Gloria Guevara, President & CEO, WTTC, “This comprehensive research shows just how resilient the Travel & Tourism sector truly is. While there is still work to be done, the data shows that recovery times have fallen significantly over the past two decades, and that major strides have been made. It is crucial that we continue to learn from previous incidents and continue to come together through public private partnerships to make a real difference in reducing both the economic and human impact.”