According to the World Travel and Tourism Council (WTTC), the UK government is expected to increase its current travel policies to spur economic recovery.
The agency said a lack of international regulation, strong vaccination, and slow vaccination rates have hindered the industry’s recovery in parts of the world, which still exist in many parts of the world. In 2019, the tourism sector generated nearly $ 9.2 billion, but by 2020, serious illnesses have caused the sector to stagnate. This was down 49%, representing a loss of nearly $ 4.5 billion. While the global economy is projected to see 30% lower growth and year-over-year growth through tourism in 2021, this will represent the US $ 1.4 billion or more of promoted housing spending.
Oxford Economics directs the economic process on behalf of the WTTC and calculates a model system based on current global vaccination coverage, consumer confidence, and the fight against trafficking in different regions of the world. The study showed that tourism’s contribution to the global economy could increase by 32% by 2022 at the current rate of recovery. Last year, the WTTC revealed an exceptional loss of 62 million jobs in tourism worldwide and with the current recovery, jobs will increase by 0.7% this year.
Likewise, research shows that long-term employment in this sector is expected to increase by 18% next year. Julia Simpson, CEO of WTTC, said: “Our research clearly shows that while the global tourism sector is recovering from the devastation of Covid-19, there are still many obstacles, antibiotics are not available, leading to a slow recovery. . rather than expecting a recovery of less than a third this year. “The UK Prime Minister has the opportunity to help quickly revitalize the industry by ending UK red blood cell screening and making travel abroad safer for all those with the vaccine.”
