Global tourism drops 30%, deficit to $450 billion

World tourism organizations have predicted that Coronavirus will reduce the number of tourists worldwide by 20% to 30% this year.

According to media reports, the UN special agency said in a statement that the tourism sector is expected to lose $ 300 to 450 billion. This amount constitutes one-third of the sector’s total revenue in 2019.

Last year, gross revenue was $ 15 trillion. According to the agency’s secretary-general, Zorap Bolovicashvili, the tourism sector is among the economic sectors most affected by the Coronavirus. The jobs of millions of people in this sector are at risk.

The agency anticipated earlier this year that global tourism would see a growth of 3 percent to 4 percent. However, due to the rapid spread of the Coronavirus, the agency changed its stance and said the sector is expected to decline from 1 percent to 3 percent this year.

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