How soon will tourism reach pre-pandemic levels?

How soon will tourism reach pre-pandemic levels? By on Feb 03, 2022 in Travel Miscellany

New research from the World Travel & Tourism Council (WTTC) has revealed the global Travel & Tourism sector’s contribution to the global economy could reach $8.6 trillion this year, just 6.4% behind pre-pandemic levels.

In 2019, before the pandemic stopped travel in its tracks, the Travel & Tourism sector generated nearly $9.2 trillion to the global economy.

However, in 2020, the pandemic brought the sector to an almost complete standstill, causing a massive 49.1% drop, representing a severe loss of nearly $4.5 trillion.

The latest research shows that, as the world finally begins to recover from pandemic, the sector’s contribution to both the global economy and employment could reach almost pre-pandemic levels this year.

The research also shows that if the vaccine and booster rollout continue at

Keep reading this article on A Luxury Travel Blog.

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