WTTC: Ҭ50m jobs Ҭin global travel and tourism sector at risk

WTTC: Ҭ50m jobs Ҭin global travel and tourism sector at risk

The impact would depend on how long the epidemic lasts and could still be exacerbated by recent restrictive measures, such as those taken by the US administration on travel to Europe, said WTTC's managing director Virginia Messina.. Around 850,000 people travel each month from Europe to the US, equivalent to a $3.4 billion monthly contribution to the US economy, Messina said.. The equivalent to a loss of three months of global travel in 2020 could lead to a corresponding reduction in jobs of between 12 percent and 14 percent, the WTTC said, also calling on governments to remove or simplify visas wherever possible, cut travel taxes and introduce incentives once the epidemic is under control.. GENEVA: If the coronavirus crisis lasts another two or three months, it could force carriers to collapse and spark more consolidation in the beleaguered airline industry, the International Air Transport Association (IATA) chief said.. "We are asking all the governments who have put restrictions - and the US government particularly - to review the decision permanently to see whether they can alleviate or waive that decision - the sooner the better," de Juniac said.. The International Air Transport Association has urged regulators to relax a