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International Tourism Highlights – 2023
September 28 , 2023
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- The UN World Tourism Organization (UNWTO) recently released a report on international tourism.
- Tourism was one of the most impacted industries by the COVID-19 pandemic and lost $2.6 trillion in export revenues.
- International tourist arrivals or overnight visitors fell from 1.5 billion in 2019 to 400 million in 2020.
- This was a 72 per cent drop in just one year.
- Export revenues in 2020 dropped to as low as 62 per cent of the pre-pandemic levels, meaning losses of $1.1 trillion.
- This is accounted for 44 per cent of the global loss in international trade that year.
- Revenues from international tourism is accounted for seven per cent of global exports in 2019.
- The proportion is dropped to three per cent in 2020 and 2021.
- International tourism experienced a 12 per cent increase in 2021 to reach 456 million arrivals.
- Although this was 49 million more than in 2020, it was still 69 per cent less than the pre-pandemic levels of 2019 (1,465 million).
- Due to the pandemic, tourism’s economic contribution, measured in tourism direct gross domestic product (TDGDP), has been dropped from 4 per cent of global GDP in 2019 to 2 per cent in 2020 and 2021.
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