Connect with us
https://tickernews.co/wp-content/uploads/2023/10/AmEx-Thought-Leaders.jpg

News

How much will economies lose to tourism because of the pandemic?

Published

4 years ago

on

Tourism is expected to impact global economies.

A new report has revealed the economic costs from a plunge in tourism since the pandemic.

The UN World Tourism Organisation (UNWTO) has revealed COVID-19 could place a $4 trillion hole in the world’s economy.

The report found the pandemic’s impact will lead to a ripple effect on other sectors closely linked to it.

The UNWTO Secretary-General Zurab Pololikashvili says vaccinations are a key part of the world’s post-COVID success.

“Tourism is a lifeline for millions, and advancing vaccination to protect communities and support tourism’s safe restart is critical to the recovery of jobs and generation of much-needed resources, especially in developing countries, many of which are highly dependent on international tourism.”

The report assesses the economic impacts of three possible scenarios, which all reflect reductions in international arrivals.

Reduction in international travel

The first scenario reflects a 75 percent reduction in international tourist arrivals – the most pessimistic forecast. It is based on tourist reductions and trends faced last year.

For example, tourism makes up five percent of Turkey’s GDP. But the nation experienced a 69 percent fall in international tourists in 2020.

This fall is estimated to cost $33 billion, which has led to other cross-sector losses in hospitality, communications and transport.

In the second scenario, UNWTO examines a 63 percent reduction in tourist arrivals. Then, domestic and regional tourism is considered in the third scenario.

Vaccinations drive tourism

Experts are also concerned about the varying vaccination rates around the world, and how they will impact international travel.

The report discusses the “asymmetric roll-out of vaccines”, and how it “magnifies the economic blow tourism has suffered in developing countries”. Vaccine rates vary from 1 to 60 percent between some countries.

Isabelle Durant is the Acting Secretary-General of the UN Conference on Trade and Development (UNCTAD). She says the world needs to push for global vaccination.

“The world needs a global vaccination effort that will protect workers, mitigate adverse social effects and make strategic decisions regarding tourism, taking potential structural changes into account.”

Experts do not expect a return to pre-COVID travel until 2023, or later. They believe travel restrictions, slow containment of COVID-19, poor economic opportunities, and low traveller confidence are among the reasons for the delay.

Related Topics:

Costa is a news producer at ticker NEWS. He has previously worked as a regional journalist at the Southern Highlands Express newspaper. He also has several years' experience in the fire and emergency services sector, where he has worked with researchers, policymakers and local communities. He has also worked at the Seven Network during their Olympic Games coverage and in the ABC Melbourne newsroom. He also holds a Bachelor of Arts (Professional), with expertise in journalism, politics and international relations. His other interests include colonial legacies in the Pacific, counter-terrorism, aviation and travel.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

Pope Francis dies aged 88 as world mourns historic papacy

The world mourns Pope Francis, the transformative first Latin American pontiff, who died at 88, with global tributes and a nine-day mourning period ahead of a conclave.

Published

1 day ago

on

April 22, 2025

By

The world mourns Pope Francis, the transformative first Latin American pontiff, who died at 88, with global tributes and a nine-day mourning period ahead of a conclave.


The world is grieving the loss of Pope Francis, the first Latin American pontiff and a transformative figure in the Catholic Church, who died aged 88.

Known as The People’s Pope, he championed mercy, humility, and compassion throughout his 12-year papacy.

Leaders across the globe, including President Trump and Australian Prime Minister Anthony Albanese, have paid tribute to his lasting legacy. A nine-day mourning period begins, followed by the election of a new Pope via conclave at the Vatican.

Subscribe to never miss an episode of Ticker – https://www.youtube.com/@weareticker

#PopeFrancis #Vatican #CatholicChurch #RIP #TickerNews #BreakingNews #GlobalTributes #PapalLegacy

Continue Reading

News

Pope Francis was a spiritual giant who championed humility

Pope Francis, aged 88, dies from double pneumonia, leaving a legacy of compassion and inclusion as the Church’s first Latin American and Jesuit leader.

Published

2 days ago

on

April 21, 2025

By

Pope Francis, aged 88, dies from double pneumonia, leaving a legacy of compassion and inclusion as the Church’s first Latin American and Jesuit leader.


Pope Francis has died at the age of 88, following complications from double pneumonia. The Vatican confirmed his death on Monday morning, with Cardinal Kevin Farrell announcing that “the Bishop of Rome, Francis, returned to the home of the Father” at 7:35am.

The first Latin American and Jesuit Pope, Francis led the Roman Catholic Church for over a decade, earning global praise for his humility, progressive stance, and focus on inclusion and compassion.

Just days before his passing, the Pope surprised crowds at Easter Sunday Mass, blessing worshippers in St Peter’s Square. Despite recent hospitalisation with bronchitis, he appeared in good spirits, even pausing to bless children from the Popemobile.

His death has triggered nine days of mourning in Italy. Leaders around the world have paid tribute. Prime Minister Anthony Albanese called him a man “whose compassion embraced all humanity,” while Opposition Leader Peter Dutton described his devotion as unwavering.

Francis will be remembered not only as a man of many firsts — the first Jesuit Pope, the first from the Global South — but also as a tireless advocate for the poor, refugees, and marginalised communities.

Continue Reading

News

Pope Francis dies, ending 12-year papacy

Pope Francis, the first Latin American Pope, dies at 88 after 12 years of tackling division and reform in the Church.

Published

2 days ago

on

April 21, 2025

By

Pope Francis, the first Latin American Pope, dies at 88 after 12 years of tackling division and reform in the Church.

In Short

Pope Francis, the first Latin American leader of the Roman Catholic Church, has died at 88 after a 12-year papacy marked by reform attempts and health issues.

His passing initiates a period of mourning and the process for selecting his successor.

Pope Francis, the first Latin American leader of the Roman Catholic Church, has passed away.

The Vatican confirmed his death in a video statement released on Monday. His papacy lasted for 12 years and was characterised by both division and tension.

“Dear brothers and sisters, it is with profound sadness I must announce the death of our Holy Father Francis,” Cardinal Kevin Farrell announced on the Vatican’s TV channel.

“At 7:35 this morning the Bishop of Rome, Francis, returned to the house of the Father.”

Concern for the poor

Jorge Mario Bergoglio was elected pope on March 13, 2013, surprising many Church watchers who had seen the Argentine cleric, known for his concern for the poor, as an outsider.

Pope Francis sought to reform the Roman Catholic Church, which faced criticism for its traditional practices.

At the age of 88, he had been dealing with several health issues during his time as pope. His leadership style often challenged the status quo within the Church.

Pope Francis’s death marks the end of a significant chapter in the history of the Vatican.

Jorge Mario Bergoglio was elected pope on March 13, 2013, surprising many Church watchers who had seen the Argentine cleric, known for his concern for the poor, as an outsider.

The global Catholic community will now enter a period of mourning and reflection. The process for selecting his successor will soon begin.

Carries the weight of the changes he proposed during his tenure.

Continue Reading

Trending Now