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In the wake of the coronavirus pandemic, few industries have fallen as hard and as fast as tourism. The numbers are staggering: in 2019, travel and tourism’s indirect and induced impact accounted for a $8.9 trillion contribution to the world’s GDP, 10.3 per cent of global GDP and 330 million jobs (which amounts to one in 10 jobs around the world).
The World Travel and Tourism Council, the trade group that represents travel companies across the globe, suggests that in the months since the pandemic began, a colossal $2.1 trillion in revenue has already been lost as a direct result of Covid-19. And sadly, they have predicted a worldwide loss of between 50 and 75 million travel-industry jobs.
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