Edition: International | Greek
MENU

Home » Analyses

This is how the COVID-19 crisis has affected international tourism

While the latest rebound is certainly encouraging, the recovery of the global tourism sector has been going slower than many had anticipated last year

By: EBR - Posted: Tuesday, December 7, 2021

International tourist arrivals increased by 58 percent in the three months ended September 30.
International tourist arrivals increased by 58 percent in the three months ended September 30.

by Felix Richter*

Amid fears that the newly discovered COVID-19 variant named Omicron could disrupt global travel once again, the World Tourism Organization (UNWTO) published its latest update on the state of international tourism on Sunday. According to the latest World Tourism Barometer, global travel activity rebounded sharply in the third quarter of 2021, while remaining far below pre-pandemic levels.

International tourist arrivals increased by 58 percent in the three months ended September 30 compared to the same period of 2020 but remained 64 percent below 2019 levels. Looking at the first nine months of 2021, the situation looks even bleaker with international arrivals down 20 percent even compared to 2020 and 76 percent below pre-Covid levels. Looking ahead, UNWTO Secretary-General Zurab Pololikashvili said that “we cannot let our guard down and need to continue our efforts to ensure equal access to vaccinations, coordinate travel procedures, make use of digital vaccination certificates to facilitate mobility and continue to support the sector.”

While the latest rebound is certainly encouraging, the recovery of the global tourism sector has been going slower than many had anticipated last year. According to its latest forecast, the UNWTO expects international tourist arrivals to remain 70 to 75 percent below 2019 levels this year. That translates to roughly $1 trillion in foregone export revenues, which amounted to $1.7 trillion in 2019 and are expected to reach $700 to $800 billion this year. Even this forecast could prove too optimistic, however, if the Omicron variant turns out to be as dangerous as initially feared.

 

 

*Data Journalist, Statista
**first published in: www.weforum.org

READ ALSO

EU Actually

EU tries to give sharper teeth to tariff agreement with US

N. Peter KramerBy: N. Peter Kramer

In his weekly column, N. Peter Kramer writes about EU’s capitulation for Trump and hope that after him a better tariff agreement will be possible.

Europe

EU hails Hungary’s ’wind of change’ and unlocks €16.4bn for new PM Magyar

EU hails Hungary’s ’wind of change’ and unlocks €16.4bn for new PM Magyar

European Commission President Ursula von der Leyen has told Hungary’s new prime minister that billions of euros in EU funding are to be unlocked subject to his government pushing through a raft of "long-overdue reforms".

Business

Hotpot, bubble tea and sportswear: China’s new exports take on the world

Hotpot, bubble tea and sportswear: China’s new exports take on the world

Step into pretty much any shopping mall in Singapore and you’re likely to find queues snaking outside shops with catchy names and bright-coloured branding.

MARKET INDICES

Powered by Investing.com
All contents © Copyright EMG Strategic Consulting Ltd. 1997-2026. All Rights Reserved   |   Home Page  |   Disclaimer  |   Website by Theratron