WTTC: 100 Million People Can Be Unemployed!
The World Travel and Tourism Council (WTTC) has announced that the number of people who will be unemployed due to the coronavirus (Covid-19) outbreak could reach 100 million. The World Travel and Tourism Council (WTTC) updated its forecasts earlier. According to the council, 98.2 million people could lose their jobs in the tourism sector-in a best-case scenario – because of the coronavirus (Covid-19) outbreak. The tourism sector, where 330 million people work, discusses the best and worst scenarios, according to 2019 data. The WTTC’s report, which compiles best and worst scenarios, said 197.5 million people would risk losing their jobs if the worst scenario happened.
5- Matter Rescue Plan!
In the best-case scenario, sector revenues will decline by 30 percent compared to 2019, to $ 2.7 trillion, according to WTTC’s forecasts. According to estimates, 41 percent of this loss will be due to international tourism; 26 percent will be due to national tourism. In the worst-case scenario, tourism revenues could fall 62 percent to $ 5.6 trillion, according to the WTTC. Of the losses, 73 percent were due to international tourism and 64 percent to national tourism.
According to the estimates of WTTC, in the best scenario, sector revenues will decrease by 30 percent compared to 2019, falling to $ 2.7 trillion. According to estimates, 41 percent of this loss is caused by international tourism; 26 percent will originate from national tourism. According to WTTC, in the worst-case scenario, tourism revenues may drop by 62 percent to 5.6 trillion. 73 percent of the said loss is from international tourism; It is predicted that 64 percent will stem from national tourism.
The 5-Matter rescue plan prepared by the WTTC is as follows:
1. ‘Air corridors’ and quarantine measures and extension of insurance protection for travelers.
2. Adopt global health and safety protocols to reassure passengers.
3. A strategy that includes a rapid test application and spread of the virus.
4. Standardized global crisis approach for greater cooperation among the public and private sectors.
5. Continuous government support for government measures to protect sector workers in terms of financial and liquidity incentives.
World Tourism Sector Data For 2019
The report also included world tourism sector data for 2019. The data in question is as follows:
– 10.3 percent of the total revenue in the world
-8.9 trillion dollars in global revenue
– Employment of one in every 10 employees in the world
-1.7 trillion dollar visitor exports
– 6.8 percent of the world’s total exports, 28.3 percent of global service exports
-948 billion dollars of capital investment (4.3 percent of total investments in the world)