The slight recovery recorded in International Tourism following the gradual reopening of international borders is short-lived as the latest data from the World Tourism Organization (UNWTO) has revealed a 70% decline in international arrivals for the first eight months of 2020.
This is according to the latest UNWTO World Tourism Barometer which disclosed that international arrivals plunged 81% in July and 79% in August which are traditionally the two busiest months of the year and the peak of the Northern Hemisphere summer season.
The drop represents 700 million fewer arrivals compared to the same period in 2019 and translates into a loss of US$ 730 billion in export revenues from international tourism. This is more than eight times the loss experienced on the back of the 2009 global economic and financial crisis.
Demand for travel remains largely subdued due to the ongoing uncertainty about the pandemic and low confidence. Based on the latest trends, UNWTO expects an overall drop close to 70% for the whole of 2020.
According to UNWTO Secretary-General Zurab Pololikashvili , this development has dramatic social and economic consequences and puts millions of jobs and businesses at risk while he warned on the urgent need to restart tourism.
“This unprecedented decline is having dramatic social and economic consequences and puts millions of jobs and businesses at risk. This underlines the urgent need to safely restart tourism, in a timely and coordinated manner,” he said.
It is not all gloom as the UNWTO’s Panel of Experts foresees a rebound in international tourism in 2021, mostly in the third quarter of 2021. However, around 20% of the experts suggest the rebound could occur only in 2022.
Recall that travel restriction is seen as the main barrier standing in the way of the recovery of international tourism, along with slow virus containment and low consumer confidence. The lack of coordinated response among countries to ensure harmonized protocols and coordinated restrictions, as well as the deteriorating economic environment, were also identified by experts as important obstacles for recovery.
Recall also that following the gradual reopening of international borders, Europe recorded comparatively smaller declines in July and August (-72% and -69%, respectively). The recovery was short-lived, however, as travel restrictions and advisories were reintroduced amid an increase in contagions. On the other side of the spectrum, Asia and the Pacific recorded the largest declines with -96% in both months, reflecting the closure of borders in China and other major destinations in the region.
