Rebuilding Tourism Competitiveness

World Bank

dc.contributor.author	World Bank
dc.date.accessioned	2021-04-29T11:44:55Z
dc.date.available	2021-04-29T11:44:55Z
dc.date.issued	2020-07
dc.identifier.uri	https://openknowledge.worldbank.org/bitstream/handle/10986/34348/Rebuilding-Tourism-Competitiveness-Tourism-response-recovery-and-resilience-to-the-COVID-19-crisis.pdf?sequence=5&isAllowed=y
dc.identifier.uri	http://tcmih.ku.ac.ke/handle/123456789/166
dc.description	The note responds to the COVID-19 crisis that hit the tourism sector in the first quarter of 2020. The crisis is ongoing, so any recommendations made in this report should be considered through the lens of developments that have taken place in the intervening period	en_US
dc.description.abstract	The travel and tourism industry was one of the first real sectors to be affected by COVID-19. The crisis has impacted every facet of the industry and demonstrated the vulnerability of the sector’s vast value chain. Since 2000, global travel and tourism revenues have nearly tripled with the sector now contributing 10.4 percent of global Gross Domestic Product (GDP) and providing one out of 10 jobs worldwide. As of mid-April 2020, international travel has ground to a halt. The World Travel and Tourism Council (WTTC) estimates global travel could shrink by more than 30 percent in 2020. According to the United Nation World Tourism Organization (UNWTO), 100 percent of destinations have some level of travel restrictions in place, with 72 percent of countries completely stropping international travel.1 Increasingly, countries are discouraging both international and domestic travel. Latest figures from WTTC show that globally 100 million jobs are at risk in the sector with a potential global loss of up to $2.7 trillion in 2020	en_US
dc.publisher	World Bank	en_US
dc.subject	Tourism Competitiveness	en_US
dc.title	Rebuilding Tourism Competitiveness	en_US
dc.type	Technical Report	en_US