Where travel agents earn, learn and save!

November 23 2024 / 04:10 AM
No Data Found

No data found

World Travel and Tourism Council
COVID-19 sparks a dramatic 46.9% collapse in the sector’s contribution to GDP

April 8 - The World Travel & Tourism Council’s annual Economic Impact Report (EIR) reveals that the dramatic collapse of Germany’s Travel & Tourism sector has wiped out €161 billion from the nation’s economy.

 

The annual EIR from the World Travel & Tourism Council (WTTC), which represents the global Travel & Tourism private sector, shows the sector’s contribution to GDP dropped 46.9%.

 

The sector’s impact on Germany’s GDP fell from €344 billion (9.8%) in 2019 before the pandemic struck, to €183 billion (5.5%), just 12 months later, in 2020.

 

The year of damaging travel restrictions which brought much of international travel to a grinding halt, resulted in the loss of 441,000 Travel & Tourism jobs across the country.

 

However, WTTC believes the true picture could be significantly worse, if not for government’s job-saving Kurzarbeit, a scheme which offered a short-term lifeline to businesses and workers, however hiding the real extent of the losses and the devastating social impact they could bring.

 

These job losses were felt across the entire Travel & Tourism ecosystem in the country, with SMEs, which make up eight out of 10 of all global businesses in the sector, particularly affected.

 

Furthermore, as one of the world’s most diverse sectors, the impact on women, youth and minorities was significant.

 

The number of those employed in the German Travel & Tourism sector fell from 5.87 million in 2019, to 5.43 million in 2020 - a drop of 7.5%.

 

The report also revealed domestic visitor spending declined by 47.3%, while international spending fared even worse, due to more stringent travel restrictions, causing a fall of 57.9%.

 

WTTC says the key to unlocking safe international travel can be achieved through a clear and science-based framework to reopen international travel.

 

All non-vaccinated travellers should face a comprehensive testing regime before departure, as well as enhanced health and hygiene protocols, including mandatory mask wearing.

 

Whilst the German government has previously expressed concerns surrounding the European Commission’s Digital Green Certificate, which would display a traveller’s COVID-19 status, WTTC believes such a pass would further enable safe international travel.

 

These measures would be the foundation to build the recovery of the many millions of jobs lost due to the pandemic.

 

It would also reduce the terrible social implications these losses have had on communities dedicated to Travel & Tourism and upon ordinary people who have been isolated by COVID-19 restrictions.

 

 


More Travel News:

Learn how to Trapeze with daily classes at Viva Wyndham Dominicus Beach
AAdvantage celebrates 40 years of loyalty innovation
United sets new diversity goal: 50% of students at new Pilot Training Academy to be women and people of color
Playa Hotels & Resorts and Hilton announce new boutique all-inlcusive resorts in Playa del Carmen, Mexico

Jul 21, 2021

Latest Post

Subscribe to our newsletter