(Reuters photo)GENEVA: Global tourism revenues are expected to fall by up to US$3.3 trillion due to Covid-19 restrictions, with Thailand standing to lose $47 billion, according to a UN study published on Wednesday. The 'Covid-19 and Tourism' report released by the United Nations Conference on Trade and Development (Unctad) is based on three scenarios for the industry, with lockdown measures lasting 4 months, 8 months and 12 months. In those scenarios, revenues would fall $1.17 trillion, $2.22 trillion and $3.3 trillion respectively or between 1.5-4.2% of the world's gross domestic product (GDP). "International tourism has been almost totally suspended, and domestic tourism curtailed by lockdown conditions imposed in many countries," the report said. The Unctad report covers 65 individual countries and regions.

Source: Bangkok Post July 02, 2020 01:18 UTC