Global tourism industry suffers losses estimated at $320 bln: UNWTO

In January-May 2020, the global tourism industry losses are estimated at $320 billion, estimated the UN tourism agency UNWTO.

The UNWTO judges that in May alone, the number of tourists in the world dropped by 98 percent y/y, and in the period January-May the number of tourists decreased by 56 percent.

"This translates to a decrease of 300 million tourists and $320 billion in lost revenues from international tourism –more than three times more than during the global economic crisis of 2009," the report reads.

(PAP)