Covid-19 Impact: 174M People to Lose Jobs in Tourism Industry
According to World Travel and Tourism Council, 174 million people will lose jobs in travel-tourism industry, as a post-pandemic effect. Despite global relaxation on restrictions, quarantine conditions by many countries are still hampering tourists. However, the projected figures are lower than expected due to recovery made by domestic travels. The Council also fears the contribution of industry to GDP would be reduced by 53%.