The United Nations World Tourism Organization (UNWTO) has ordered all tourism industries to a halt, the tourism industry is the most affected by the COVID 19 lockdown outbreak.
The organisation reported the pandemic earlier this week, which has now killed more than 137,000 people worldwide, will result in global foreign tourist arrivals dropping by 20-30 percent this year, down from an initial 3-4 percent growth expected in early January.
This effect is then summed into a loss of between $30-$50 billion (€27.5-€46 billion) in spending by international visitors. for example, airlines’ passenger revenue drop by $76 billion (€70 billion) year-on-year, second only to the Asia Pacific region.
The World Travel & Tourism Council has said 75 million workers are at high risk worldwide.
Most European countries all in particular depend on tourism. According to Eurostat, Italy, Spain and France — the three Member States most seriously impacted by COVID-19 — together constituted half of the total nights spent by non-residents in the EU in 2018.
They are also at the top of the EU league table when it comes to the number of companies in the tourism sector, and are home to more than half of the tourism-reliant firms in the union with Germany.
Greece is also weak, as the tourism industry employed over a third of the business economy in 2017, followed by the Mediterranean island of Cyprus (20%) and Ireland (14 per cent).
The world economy is on track to record one of its worst regressive year since the Great Depression of the 1930s according to the International Monetary Fund (IMF).
Eurozone economies will be among the top most affected with the combined GDP forecast to contract by 7.5 per cent for the 19 countries.
The three EU countries most affected will be Italy, Spain and France, which are employed to contract by 9.1%, 8.0% and 7.2% respectively.
In Germany, four years after his disappearance, former Schalke player Hiannick Kamba has reportedly been found alive and well. The right-back had been believed to have died in January 2016 in a car accident in his native country, Congo. The German publication, Bild now states, however, that Kamba-now aged 33-was spotted working in Ruhr. An […]
Europe’s foreign policy boss Josep Borrell has cautioned that the coronavirus could exacerbate an effectively ”confused world”. In a restrictive meeting with Euronews, which secured a large group of issues including the Covid-19 pandemic and the EU’s relationship with China and the US, Borrell required the development of another multilateral system. “Unmistakably the world request […]
On Friday, The President of the United States said he’s terminating the country’s relationship with the World Health Organization, claiming that China has dominance over it. President Trump announced he’s suspending the entry of certain Chinese Nationals and sanctioning their officials who have eroded Hong Kong’s freedom. President Trump for weeks has expressed frustration […]
Chinese is challenged by the US Navy, they challenge their claims in the South China Sea Thursday. Sailing the Arleigh Burke-class guided missile destroyer USS Mustin near the Paracel Islands. The US president who jokingly said that people should be able to inject themselves with disinfectant/detergents few weeks ago. The US Navy who […]
Japan’s industry sector experienced an unexpected fall on retail sales which has not happened for the past two decades in April. As the pandemic affected both the domestic and foreign demand for the country’s autos and other manufactured goods. The bad records suggest the recession seen in the world’s third-largest economy over the six […]
North Korea Lashes Out at U.S., Saying China Is Eclipsing It North Korea lashes out at U.S saying china is eclipsing it. The attack on the United States comes as President Trump is in an increasingly bitter standoff with China, blaming it for the spread of the coronavirus and threatening action over its weakening of […]
Zaha Hadid Architects Set to Design Shanghai’s ‘Greenest’ Building. Zaha Hadid, in full Dame Zaha Hadid, (born October 31, 1950, Baghdad, Iraq—died March 31, 2016, Miami, Florida, U.S.), Iraqi-born British architect known for her radical deconstructivist designs. Innovative buildings in China like Galaxy SOHO and the Guangzhou Opera House were designed by Zaha Hadid […]
Prague erects replica of baroque Virgin Mary statue The historic statue of the Virgin Mary in its original form was tore down by revolutionary mob. However, it has been replaced with a replica in Prague. The statue which had been erected to celebrate the victory of pro-Catholic Habsburg forces in 1652 over Sweden in the […]
The recent happenings in the world for the past few weeks is no longer news especially in the United States due to the killings and absurd police brutalities against black communities which have been on the rise from the beginning of the year. The United States witnessed an uprise in protests against racism and police […]
According to the official IRNA news agency, Iran is prepared for further exchange of prisoners with the United States said the spokesman for Foreign Ministry, Abbas Mousavi, on Sunday. The United States is currently facing another devastating situation apart from the tragic occurrences caused by the pandemic due to the death of an African American […]
About 200 migrants in a jungle camp has been isolated in Panama to contain the outbreak of coronavirus among a larger group of Cubans, Haitians and Africans stranded by the pandemic the region of Darien. Some migrants put on blue surgical face masks on, lay under tarps or in tents, enclosed in a chain […]
On Tuesday, Prime Minister Igor Matovic said Slovakia will allow free travel to and from 16 more European countries starting from June 10 and no face masks longer require to be worn outside, as the country further eased its coronavirus lockdown. Visitors from Germany, Liechtenstein, Cyprus, Malta, Estonia, Switzerland, Slovenia, Croatia, Bulgaria, Greece, Latvia, […]
Privacy & Cookies Policy
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.