WTTC: Irin-ajo ati idasi irin-ajo si Caribbean GDP silẹ nipasẹ $33.9 bilionu ni ọdun 2020

WTTC: Irin-ajo ati idasi irin-ajo si Caribbean GDP silẹ nipasẹ $33.9 bilionu ni ọdun 2020
WTTC: Irin-ajo ati idasi irin-ajo si Caribbean GDP silẹ nipasẹ $33.9 bilionu ni ọdun 2020
Afata ti Harry Johnson
kọ nipa Harry Johnson

Travel & Tourism’s impact on Caribbean’s GDP fell from USD$58.4 billion (14.1%) in 2019, to USD$24.5 billion (6.4%), just 12 months later, in 2020.

  • COVID-19 sparks a dramatic 58% collapse in the sector’s contribution to GDP
  • 680,000 jobs lost with many more still hanging in the balance
  • The return of international travel this year could see GDP contribution rise sharply and jobs return

The World Travel & Tourism Council’s annual Economic Impact Report (EIR) today reveals the dramatic impact COVID-19 had on the Caribbean’s Travel & Tourism sector, wiping out $33.9 billion from the region’s economy.

The annual EIR from the Igbimọ Irin-ajo & Irin-ajo Agbaye (WTTC), which represents the global Travel & Tourism private sector, shows the sector’s contribution to GDP dropped a staggering 58%, higher than the global average.

Travel & Tourism’s impact on the region’s GDP fell from USD$58.4 billion (14.1%) in 2019, to USD$24.5 billion (6.4%), just 12 months later, in 2020.

The year of damaging travel restrictions which brought much of international travel to a grinding halt, resulted in the loss of 680,000 Travel & Tourism jobs across the popular holiday region, equating to almost a quarter of all jobs in the sector.

These job losses were felt across the entire Travel & Tourism ecosystem, with SMEs, which make up eight out of 10 of all global businesses in the sector, particularly affected.

Siwaju si, bi ọkan ninu awọn ẹka ti o yatọ julọ julọ ni agbaye, ipa lori awọn obinrin, ọdọ ati awọn to nkan jẹ pataki.

The number of those employed in the Caribbean Travel & Tourism sector fell from nearly 2.76 million in 2019, to 2.08 million in 2020, a drop of almost a quarter (24.7%).

The report also revealed domestic visitor spending declined by 49.6%, with international spend faring even worse, falling by 68%, due to the region’s strong reliance on international travel, with many of the islands massively impacted.

Whilst the global average Travel & Tourism contribution to GDP fell by -49.1%, many of the islands in the region fared much worse.

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Afata ti Harry Johnson

Harry Johnson

Harry Johnson ti jẹ olootu iṣẹ iyansilẹ fun eTurboNews fun mroe ju 20 ọdun. O ngbe ni Honolulu, Hawaii, ati pe o jẹ akọkọ lati Yuroopu. O gbadun kikọ ati bo awọn iroyin.

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