Corona virus cost global tourism billions of dollars – News of Bahrain- DT News

Corona virus cost global tourism billions of dollars – News of Bahrain- DT News

Corona virus cost global tourism billions of dollars. The President of the World Travel and Tourism Council, Gloria Guevara, said in an interview, Thursday, that the Covid-19 epidemic will lead to losses of $ 22 billion to the global tourism sector, as Chinese tourists' expenditures decrease.. She explained, in an interview with the Spanish newspaper El Mundo: "We conducted a preliminary calculation that estimated that this crisis will cost the sector at least 22 billion" dollars.. "The calculation is based on the experience of previous crises, such as SARS or swine flu, due to the losses resulting from the Chinese canceling their travel at this time.". The $ 22 billion dollars agree to the most optimistic scenario in a study published on February 11 by the Oxford Institute for Economics, based on the hypothesis of a 7 percent drop in Chinese travel abroad.. But the losses could reach 49 billion dollars if the current crisis extended, as happened with the SARS crisis in 2003 and 73 billion dollars if it lasted longer.. The most affected economies will be the most dependent on Chinese tourists such as Hong Kong, Morocco, Thailand, Cambodia and the Philippines, according to the Oxford Institute..