There is no light at the end of the tunnel for tourism globally. The study says the crash in international tourism could cause a loss of more than $4 trillion to the global GDP for the years 2020 and 2021 and that a four-to 12-month standstill in international tourism would cost the global economy between $1.2 trillion and $3.3 trillion, including indirect costs. In many developing countries, arrivals were down by 80-90 per cent. In most developing countries, access to and distribution of vaccines is a limiting factor, and the virus continues to spread at an alarming rate and in many countries where tourism is important for people’s livelihood. Second, governments to safeguard jobs by initiating fiscal measures to support tourism businesses and workers.

Source: The North Africa Journal July 15, 2021 09:22 UTC