Global News

Impact of COVID-19 on global tourism, the cost of standstill

The enormous toll of COVID-19 on international tourism has now become clear, with World Tourism Organization (UNWTO) data showing the cost up to May was already three times that of the 2009 Global Economic Crisis. As the situation continues to evolve, the United Nations specialized agency has provided the first comprehensive insight into the impact of the pandemic, both in tourist numbers and lost revenues, ahead of the upcoming release of up-to-date information on travel restrictions worldwide.

Impact of COVID-19 on global tourism, the cost of standstill
Global News

U.S. hotel construction pipeline remains robust

Remarkably, despite some project cancelations, postponements, and delays, there has been minimal impact on the U.S. construction pipeline. Contrary to what is being experienced with hotel operations, the pipeline remains robust as interest rates are at all-time lows.

U.S. hotel construction pipeline remains robust
Global News

MICE tourism may never fully recover from COVID-19

Meetings, incentives, conferencing and exhibitions (MICE) tourism was one of the first types of tourism to be impacted by the global spread of COVID-19 and it could be one of the last to fully return as international business arrivals are projected to fall by 35.3% in 2020.

MICE tourism may never fully recover from COVID-19
Join over 60,000 industry leaders.

Never miss a trend.

Advertisements