Asia Pacific was the region hit hardest by the COVID-19 pandemic according to the new annual Economic Trends Report from the World Travel & Tourism Council (WTTC).
The report reveals the full dramatic impact of travel restrictions designed to curb COVID-19 on the global economy, individual regions, and job losses worldwide.
Asia-Pacific was the worst-performing region, with the sector’s contribution to GDP dropping a damaging 53.7%, compared to the global fall of 49.1%.
International visitor spending was particularly hard hit across the Asia Pacific, falling by 74.4%, as many countries across the region closed their borders to inbound tourists. Domestic spending witnessed a lower but equally punishing decline of 48.1%.
Travel & Tourism employment in the region fell by 18.4%, equating to a shocking 34.1 million jobs.