Covid-19 wiped out USD 1.3 trillion in tourism revenues in 2020
Destinations worldwide welcomed 1 billion fewer international arrivals in 2020 than in the previous year, due to an unprecedented fall in demand and widespread travel restrictions. This compares with the 4% decline recorded during the 2009 global economic crisis. According to the latest UNWTO World Tourism Barometer, the collapse in international travel represents an estimated loss […]