Damage to int'l tourism in 2020 estimated at $1.3 tril. amid pandemic

Revenue loss in the international tourism sector in 2020 caused by a decrease in travelers crossing borders is estimated at $1.3 trillion, on the back of strict travel bans imposed by countries amid the coronavirus pandemic, a U.N. body said. Last year’s international arrivals fell by one billion, or 74 percent, from 2019, ensuring that the overall estimated damage was over 11 times larger than in 2009 in the wake of the global financial crisis, according to a recent press release by the World Tourism Organization, a specialized agency of the United Nations. Due to the economic fallout from th…

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