The Covid-19 Pandemic Has Cost The Global Tourism Industry $935 Billion

The Covid-19 Pandemic Has Cost The Global Tourism Industry $935 Billion

In 2019, global travel and tourism contributed an impressive $8.9 trillion to the world’s GDP – a number so vast it’s hard to truly grasp but as a helping point, it looks like this written in full: $8,900,000,000,000. Then Covid-19 reared its head and soon we were engulfed in a global pandemic that has shuttered borders, cancelled holidays and business trips, greatly reduced flight numbers and wreaked havoc on tourism and travel focused businesses of every conceivable kind. The result? In the first 10 months of 2020 alone, it cost the tourism industry $935 billion in revenue worldwide – or …
More on: www.forbes.com