The COVID-19 Pandemic Devastated the Global Tourism Industry

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Yosepha Pusparisa 23/03/2020 19:16 WIB

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Asia's tourism industry is projected to decline by 27% year-on-year. Revenue, which reached US$225.9 billion in 2019, is expected to fall to US$164.7 billion this year.

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The COVID-19 Pandemic Devastated the Global Tourism Industry

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World Tourism Industry Revenue

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The coronavirus (COVID-19) pandemic has hit various industries, including tourism. The tourism industry in North America, Europe, and Asia is projected to decline. Asia experienced the largest decline, from US$225.9 billion in 2019 to US$164.7 billion this year, a 27% drop.

Europe and North America also experienced similar declines. Europe's tourism industry is predicted to decrease by 16.2% from 2019 to 2020, specifically from US$212 billion to US$177.7 billion in 2020. North America experienced the least pressure on its tourism industry compared to Europe and Asia, with a projected decline of 9.4%, from US$181.8 billion to US$164.7 billion.

The COVID-19 pandemic severely impacted the global tourism industry. Several elements, such as hotels, restaurants, and airlines, suffered losses due to travel restrictions. Furthermore, government pressure to limit, or even cancel, travel plans also contributed to the decline.

Editor : Safrezi Fitra

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."