The Economic Devastation of Tourism

The Economic Devastation of Tourism

The economic devastation caused by COVID-19 has affected many different industries and resulted in a huge financial decline. The tourism industry, which includes travel and hospitality, is among the many affected sectors and business owners are now scrambling to find a lifeline to keep their businesses afloat. 

With many countries closing their airports and imposing strict lockdowns and quarantine procedures at the beginning of the pandemic, the tourism industry was hit hard as hotels no longer had any constant source of revenue. It is expected that the tourism industry will have losses that could potentially set the global tourism industry back 20 years says the World Tourism Organization. Even with restrictions easing in some countries, the world is still facing a wave of constant anxiety that is preventing tourism from picking