The COVID-19 pandemic will cost the global tourism sector US$2 trillion in lost revenue this year, the UN’s tourism body said yesterday, calling the sector’s recovery “fragile” and “slow.”
The forecast from the Madrid-based World Tourism Organization (UNWTO) comes as Europe is grappling with a surge in infections and as a new heavily mutated SARS-CoV-2 variant, dubbed Omicron, spreads around the globe.
International tourist arrivals would this year remain 70 to 75 percent below the 1.5 billion arrivals recorded in 2019 before the pandemic hit, a similar decline as in last year, the body said.
Photo: AFP
The global tourism sector already lost US$2 trillion in revenues last year due to the pandemic, according to the UNWTO, making it one of sectors hit hardest by the health crisis.
While the UN body charged with promoting tourism does not have an estimate for how the sector will perform next year, its medium-term outlook is not encouraging.
“Despite the recent improvements, uneven vaccination rates around the world and new COVID-19 strains” such as the Delta variant and Omicron “could impact the already slow and fragile recovery,” it said in a statement.
The introduction of fresh virus restrictions and lockdowns in several nations in the past few weeks shows how “it’s a very unpredictable situation,” UNWTO Secretary-General Zurab Pololikashvili told reporters.
“It’s a historical crisis in the tourism industry, but again tourism has the power to recover quite fast,” he added ahead of the start of the UNWTO’s annual general assembly in Madrid on Tuesday.
“I really hope that 2022 will be much better than 2021,” he said.
While international tourism has taken a hit from the outbreak of disease in the past, COVID-19 is unprecedented in its geographical spread.
In addition to virus-related travel restrictions, the sector is also grappling with the economic strain caused by the pandemic, the spike in oil prices and the disruption of supply chains, the UNWTO said.
Pololikashvili urged nations to harmonize their virus protocols and restrictions, because tourists “are confused and they don’t know how to travel.”
International tourist arrivals “rebounded” during the summer season in the northern hemisphere thanks to increased travel confidence, rapid vaccination and the easing of entry restrictions in many nations, the UNWTO said.
“Despite the improvement in the third quarter, the pace of recovery remains uneven across world regions due to varying degrees of mobility restrictions, vaccination rates and traveler confidence,” it added.
Arrivals in some islands in the Caribbean and South Asia, and well as some destinations in southern Europe, came close to, or sometimes exceeded pre-pandemic levels in the third quarter.
However, other countries hardly saw any tourists at all, particularly in Asia and the Pacific, where arrivals were down 95 percent compared with 2019 as many destinations remained closed to non-essential travel.
A total of 46 destinations — 21 percent of all destinations worldwide — currently have their borders completely closed to tourists, the UNWTO said.
A further 55 have their borders partially closed to foreign visitors, while just four nations have lifted all virus-related restrictions — Colombia, Costa Rica, the Dominican Republic and Mexico.
The future of the travel sector would be in focus at the UNWTO annual general assembly, which is to run until Friday.
Before the pandemic, the tourism sector accounted for about 10 percent of the world’s GDP and jobs.
Stephen Garrett, a 27-year-old graduate student, always thought he would study in China, but first the country’s restrictive COVID-19 policies made it nearly impossible and now he has other concerns. The cost is one deterrent, but Garrett is more worried about restrictions on academic freedom and the personal risk of being stranded in China. He is not alone. Only about 700 American students are studying at Chinese universities, down from a peak of nearly 25,000 a decade ago, while there are nearly 300,000 Chinese students at US schools. Some young Americans are discouraged from investing their time in China by what they see
MAJOR DROP: CEO Tim Cook, who is visiting Hanoi, pledged the firm was committed to Vietnam after its smartphone shipments declined 9.6% annually in the first quarter Apple Inc yesterday said it would increase spending on suppliers in Vietnam, a key production hub, as CEO Tim Cook arrived in the country for a two-day visit. The iPhone maker announced the news in a statement on its Web site, but gave no details of how much it would spend or where the money would go. Cook is expected to meet programmers, content creators and students during his visit, online newspaper VnExpress reported. The visit comes as US President Joe Biden’s administration seeks to ramp up Vietnam’s role in the global tech supply chain to reduce the US’ dependence on China. Images on
New apartments in Taiwan’s major cities are getting smaller, while old apartments are increasingly occupied by older people, many of whom live alone, government data showed. The phenomenon has to do with sharpening unaffordable property prices and an aging population, property brokers said. Apartments with one bedroom that are two years old or older have gained a noticeable presence in the nation’s six special municipalities as well as Hsinchu county and city in the past five years, Evertrust Rehouse Co (永慶房產集團) found, citing data from the government’s real-price transaction platform. In Taipei, apartments with one bedroom accounted for 19 percent of deals last
US CONSCULTANT: The US Department of Commerce’s Ursula Burns is a rarely seen US government consultant to be put forward to sit on the board, nominated as an independent director Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), the world’s largest contract chipmaker, yesterday nominated 10 candidates for its new board of directors, including Ursula Burns from the US Department of Commerce. It is rare that TSMC has nominated a US government consultant to sit on its board. Burns was nominated as one of seven independent directors. She is vice chair of the department’s Advisory Council on Supply Chain Competitiveness. Burns is to stand for election at TSMC’s annual shareholders’ meeting on June 4 along with the rest of the candidates. TSMC chairman Mark Liu (劉德音) was not on the list after in December last