Coronavirus USA updates: Over $300B lost in exports from tourism due to COVID-19

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Coronavirus USA updates: Over $300B lost in exports from tourism due to COVID-19
Coronavirus USA updates: Over $300B lost in exports from tourism due to COVID-19

More than $300 billion has been lost globally in exports from international tourism due to travel restrictions put in place to mitigate the spread of the novel coronavirus, according to a new report published by the United Nations World Tourism Organization.

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The report states that there were 56% fewer international tourists around the world from January to May, compared to the same period last year. The decrease in international travel caused a $320 billion loss in exports from tourism, or international visitors’ spending — more than three times what was lost in the 2009 economic crisis.

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As many as 120 million direct tourism jobs are at risk due to the crisis, according to the report. Women make up the majority of the tourism workforce worldwide.

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