In view of the direct and huge impact of the industry, the coronavirus (COVID-19) pandemic has triggered an unprecedented crisis in the tourism economy. The revised OECD estimates of the impact of COVID-19 indicate that international tourism will decline by 60{7d6bb1f761e691f027164c9fe6d1ebbc4659a250013ce39dc45a15ede39dbac5} by 2020. If the recovery is delayed until December, it may rise to 80{7d6bb1f761e691f027164c9fe6d1ebbc4659a250013ce39dc45a15ede39dbac5}. It is expected that international tourism in certain geographic areas (such as the European Union) will rebound first.
Domestic tourism:
Domestic tourism accounts for approximately 75{7d6bb1f761e691f027164c9fe6d1ebbc4659a250013ce39dc45a15ede39dbac5} of the tourism economy in OECD countries and is expected to recover more quickly. It provides a major opportunity to promote recovery, especially in countries, regions and cities where the industry supports many jobs and businesses.
Impact of the predicament:
The impact of the crisis is felt throughout the tourism ecosystem, and reopening and rebuilding destinations will require a joint approach. Governments and industry will focus on the following:
- By providing the industry with new safe and clean labels, tourist information applications and domestic tourism promotion activities, it restores travelers’ confidence and stimulates demand.
- Develop a comprehensive tourism recovery plan to rebuild destinations, encourage innovation and investment, and rethink tourism.
- Remove travel restrictions, and cooperate with companies to obtain liquidity support, apply new health protocols for safe travel, and help diversify their markets.
These actions are indispensable, but to successfully reopen the tourism economy and make businesses run, more coordinated actions are required due to the interdependence between tourism services.
It is important for any area’s economy:
Tourism is an important part of the economy of many countries, and the direct and huge impact of the corona virus pandemic on the tourism industry is affecting the entire economy. As governments around the world have taken unprecedented measures to contain the virus, restrictions on travel. Many countries are now entering a new phase of fighting the virus while managing the reopening of the tourism economy. This is a complex and challenging task, and it is difficult to quantify the impact on the tourism economy.
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