IMPACT OF COVID ON TOURISM INDUSTRY
TOURISM INDUSTRY In this blog, we’re discussing in brief the impact of Coronovirus/Covid-19 outbreak on the travel & tourism industry in India Before COVID-19, travel and tourism had become one of the most important sectors in the world economy, accounting for 10 percent of global GDP and more than 320 b illion jobs worldwide. In 1950, at the dawn of the jet age, just 25 million people took foreign trips. By 2019, that number had reached 1.5 billion, and the travel and tourism sector had grown to almost too-big-to-fail propor- tions for many economies. The global pandemic, the first of its scale in a new era of interconnectedness, has put 100 million jobs at risk, many in micro, small, and medium-sized enterprises that employ a high share of women, who represent 54 percent of the tourism workforce, according to the United Nations World Tourism Organization (UNWTO). Tourism-dependent c...
