Global tourism sector lost $1.3 billion in 2020


Published: 2021-01-28 17:39

Last Updated: 2022-05-24 06:57

Photo: Travel and Leisure
Photo: Travel and Leisure

The global tourism sector lost $ 1.3 billion in 2020 due to restrictions on movement due to the coronavirus pandemic, the World Tourism Organization announced Thursday.

A statement issued by the Madrid-based United Nations agency in charge of tourism said that this figure represents "11 times more losses than those recorded during the global economic crisis in 2009" and translates into a 74 percent decline in the flow of tourists in the world compared to 2019.

According to a recent Forbes article, the US has lost the most amount of raw dollars in tourism at a loss of $147.2 million. 

Many European nations, Japan, Hong Kong, and Thailand also suffered major losses. 

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