How the Tourism Sector in Emerging Markets is Recovering from COVID-19

How the Tourism Sector in Emerging Markets is Recovering from COVID-19

Summary of Note 95, how the Tourism Sector in Emerging Markets is Recovering from COVID-19 Tourism is an important sector that accounts for 10 percent of global gross domestic product and one in every 10 jobs. As a result of COVID-19-related travel...

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Bibliographic Details
Main Authors: Mekharat, Nisachol, Traore, Nouhoum
Format: Brief
Language:English
Published: International Finance Corporation, Washington, DC 2020
Subjects:
TOURISM
EMERGING MARKET ECONOMIES
CORONAVIRUS
COVID-19
PANDEMIC IMPACT
SMALL AND MEDIUM SIZE ENTERPRISE
INTERNATIONAL TRAVEL
Online Access:http://documents.worldbank.org/curated/en/876631607060032023/How-the-Tourism-Sector-in-Emerging-Markets-is-Recovering-from-COVID-19
http://hdl.handle.net/10986/34901
id okr-10986-34901
recordtype oai_dc
spelling okr-10986-349012021-04-23T14:02:11Z How the Tourism Sector in Emerging Markets is Recovering from COVID-19 Mekharat, Nisachol Traore, Nouhoum TOURISM EMERGING MARKET ECONOMIES CORONAVIRUS COVID-19 PANDEMIC IMPACT SMALL AND MEDIUM SIZE ENTERPRISE INTERNATIONAL TRAVEL Summary of Note 95, how the Tourism Sector in Emerging Markets is Recovering from COVID-19 Tourism is an important sector that accounts for 10 percent of global gross domestic product and one in every 10 jobs. As a result of COVID-19-related travel restrictions, the United Nations World Tourism Organization (UNWTO) has estimated that international tourist arrivals in 2020 will drop between 58 and 78 percent, which puts 100 to 120 million direct tourism jobs at risk. The effects of COVID-19 are felt throughout the extensive tourism value chain, including airlines, hotels, restaurants, tour operators, food suppliers, farmers, retailers, and a wide range of other small and medium enterprises. Although all tourist destinations strongly feel the impact from the pandemic-related crisis, not all have the same vulnerabilities or capacity to recover. This note explores the factors in specific tourism destinations that contribute to pandemic-related vulnerability, as well as the factors that support the resilience of the tourism sector. Examining all these factors together provides a snapshot of the countries as well as the subsectors that are most likely to recover first, as well as those that will require greater support to weather and recover from the crisis. 2020-12-08T18:12:28Z 2020-12-08T18:12:28Z 2020-12 Brief http://documents.worldbank.org/curated/en/876631607060032023/How-the-Tourism-Sector-in-Emerging-Markets-is-Recovering-from-COVID-19 http://hdl.handle.net/10986/34901 English EMCompass;No. 95 CC BY-NG-ND 3.0 IGO http://creativecommons.org/licenses/by-nc-nd/3.0/igo International Finance Corporation International Finance Corporation, Washington, DC Publications & Research Publications & Research :: Brief Caribbean East Asia Latin America Southeast Asia Sub-Saharan Africa
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
topic TOURISM
EMERGING MARKET ECONOMIES
CORONAVIRUS
COVID-19
PANDEMIC IMPACT
SMALL AND MEDIUM SIZE ENTERPRISE
INTERNATIONAL TRAVEL
spellingShingle TOURISM
EMERGING MARKET ECONOMIES
CORONAVIRUS
COVID-19
PANDEMIC IMPACT
SMALL AND MEDIUM SIZE ENTERPRISE
INTERNATIONAL TRAVEL
Mekharat, Nisachol
Traore, Nouhoum
How the Tourism Sector in Emerging Markets is Recovering from COVID-19
geographic_facet Caribbean
East Asia
Latin America
Southeast Asia
Sub-Saharan Africa
relation EMCompass;No. 95
description Summary of Note 95, how the Tourism Sector in Emerging Markets is Recovering from COVID-19 Tourism is an important sector that accounts for 10 percent of global gross domestic product and one in every 10 jobs. As a result of COVID-19-related travel restrictions, the United Nations World Tourism Organization (UNWTO) has estimated that international tourist arrivals in 2020 will drop between 58 and 78 percent, which puts 100 to 120 million direct tourism jobs at risk. The effects of COVID-19 are felt throughout the extensive tourism value chain, including airlines, hotels, restaurants, tour operators, food suppliers, farmers, retailers, and a wide range of other small and medium enterprises. Although all tourist destinations strongly feel the impact from the pandemic-related crisis, not all have the same vulnerabilities or capacity to recover. This note explores the factors in specific tourism destinations that contribute to pandemic-related vulnerability, as well as the factors that support the resilience of the tourism sector. Examining all these factors together provides a snapshot of the countries as well as the subsectors that are most likely to recover first, as well as those that will require greater support to weather and recover from the crisis.
format Brief
author Mekharat, Nisachol
Traore, Nouhoum
author_facet Mekharat, Nisachol
Traore, Nouhoum
author_sort Mekharat, Nisachol
title How the Tourism Sector in Emerging Markets is Recovering from COVID-19
title_short How the Tourism Sector in Emerging Markets is Recovering from COVID-19
title_full How the Tourism Sector in Emerging Markets is Recovering from COVID-19
title_fullStr How the Tourism Sector in Emerging Markets is Recovering from COVID-19
title_full_unstemmed How the Tourism Sector in Emerging Markets is Recovering from COVID-19
title_sort how the tourism sector in emerging markets is recovering from covid-19
publisher International Finance Corporation, Washington, DC
publishDate 2020
url http://documents.worldbank.org/curated/en/876631607060032023/How-the-Tourism-Sector-in-Emerging-Markets-is-Recovering-from-COVID-19
http://hdl.handle.net/10986/34901
_version_ 1764481895416987648

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