WHY IN NEWS
- On 30 June, 2021, a joint report was released by the UN conference on Trade and Development (UNCTAD) and the UN World Tourist Organization [UNWTO].
- According to UN report, tourism losses cost World $ (Dollar) 4 trillion in 2020 and 2021.
KEY HIGHLIGHTS OF THE REPORT
- As per report international arrivals plunged by 74% in 2020 from pre-pandemic levels in 2019. It resulted into estimated losses of $2.4 trillion in tourism and allied sectors.
- The reports set out three secenarios for 2021 showing international tourism arrivals forecast to drop by between 63% and 75% from pre-pandemic levels resulting in losses of between $ 1.7 trillion and $ 2.4 trillion.
- As per report, developing countries could account for 60% of these loses owing to asymmetric vaccine roll-out globally.
- Tourism is likely to pick up faster in North America and Europe where vaccination rates are higher.
- 100-120 million tourism jobs are at stake.
- This report recommended socio-economic measures to protect livelihoods.
- Tourism is not expected to return to pre COVID level until 2023.
- International tourism arrivals are set to stagnate in 2021 except in some western markets.
SIGNIFICANCE OF INTERNATIONAL TOURISM
- However before the outbreak of the COVID-19 pandemic, tourism stood at an all time high : 1 out of 10 jobs worldwide depened on tourism& international tourism arrivals reached 1.5 billion in 2019.
- It promote small cottage & handicraft business too.
- It adds to the GDP (Gross Domestic Product) of a country.
- It raises the standard of living of the population.
- It also helps preservation of history and heritage in addition to promoting cultural exchange among different people.
Therefore, this UN report underlines COVID-19 vaccination and certificates are key to restore confidence inforeign tourism. Hence Vaccination will provide a lifeline for several countries including small inland states which rely mainly on tourism sectors to provide jobs.