174 million travel and tourism jobs could be lost in 2020 due to Covid-19 and travel restrictions: WTTC
Source | economictimes.indiatimes.com | Anumeha Chaturvedi, ET Bureau
NEW DELHI: New figures from the World Travel & Tourism Council (WTTC) released on Friday revealed that despite a slight improvement driven by the return of domestic travel in a number of markets, a staggering 174 million travel and tourism jobs could be lost in 2020 if barriers to global travel remain in place.
WTTC said the new estimates come from the latest economic data, which looks at the punishing impact of Covid-19, as well as local and global travel restrictions on the travel and tourism sector.
WTTC said if the current restrictions to international travel continue through to the end of 2020, resulting in a limited recovery , the impact will be devastating, with as many as 174 million million jobs lost globally.