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UNWTO: Tourism grows 4% in 2021 but remains far below pre-pandemic levels

Global tourism experienced a 4% upturn in 2021, compared to 2020 (415 million versus 400 million). However, international tourist arrivals (overnight visitors) were still 72% below the pre-pandemic year of 2019, according to preliminary estimates by UNWTO. This follows on from 2020, the worst year on record for tourism, when international arrivals decreased by 73%. […]

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Photo by Chris Karidis on Unsplash

Coronavirus will cost global tourism at least $1.2 trillion

The world’s tourism sector could lose at least $1.2 trillion, or 1.5% of the global gross domestic product (GDP), having been placed at a standstill for nearly four months due to the coronavirus pandemic, UNCTAD said in a report published on 1 July. The UN’s trade and development body warned that the loss could rise […]

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Travel

IITB Berlin: International travel outperforming economic growth

In 2018, the number of outbound trips increased by 5.5 per cent, resulting in 1.4 billion international trips. Hence, once again tourism is a key growth driver of the global economy, which “only” grew by 3.7 per cent in comparison. Growth is coming from all regions worldwide, also from the mature markets Europe and North […]

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