Ten countries suffering biggest tourism revenue loss due to C-19 | Daily News

Ten countries suffering biggest tourism revenue loss due to C-19

The coronavirus crisis has hampered international travel for the past 10 months and countries all over the world are feeling the effects. Using data from the World Travel & Tourism Council (WTTC) and The World Bank, visa waiver processing firm Official ESTA (Electronic System for Travel Authorization) recently revealed the countries with the biggest tourism revenue loss due to COVID-19 pandemic.

“As a result, the pandemic has had a huge financial impact on tourism globally, affecting all countries around the world, as well as airlines, travel operators and other hospitality providers in the sector,” Jayne Forrester, Director of International Development at Official ESTA, said.

“As we move into a new phase of the pandemic, with vaccine rollouts now getting underway around the world, we can only hope that we can regain some control over the pandemic and ensure that it is safe enough for us to travel once more in order to prevent further losses to one of the largest industries in the world.”

Here’s a look at how the top 10 countries rank in terms of the total number of tourism dollars lost in 2020.

1. United States: The United States has reported more COVID-19 cases and deaths than any other country and has experienced the biggest tourism revenue loss due to the pandemic, missing out on a remarkable $147.245 billion in the first ten months of 2020.

2. Spain: Spain hosted fewer than 20 million foreign visitors in 2020 and saw the largest tourism revenue loss of any European country at $46,707 million, Official ESTA determined.

3. France: The world’s most visited country, France typically hosts more than 89 million tourists each year. However, the COVID-19 crisis caused that figure to decline dramatically in 2020, resulting in a total tourism revenue loss of $42.036 billion over the first 10 months of the year.

4. Thailand: Thailand has begun safely and slowly reopening to international travelers and that’s welcome news for the country’s economy as the Asian hotspot has seen a $37.504 billion loss in tourism revenue. The figure is the highest among any country in Asia.

5. Germany: Germany’s $34.641 billion in total tourism revenue losses from January 2020 to October 2020 is the fifth-most in the world and trails only Spain and France in Europe.

6. Italy: Italy emerged as a COVID-19 hotspot in the early stages of the coronavirus pandemic reporting a total loss of $29.664 billion over the first 10 months of 2020 as the country remains closed to travelers.

7. United Kingdom: While the United Kingdom continues to be impacted by a new variant of coronavirus the country’s tourism revenue losses keep piling up, reaching $27.889 billion.

8. Australia: Australia narrowly trails the U.K. in terms of tourism revenue loss, missing out on $27.206 billion over the first 10 months of 2020.

9. Japan: Japan forced officials to postpone the Summer Olympics in Tokyo to 2021. Japan’s total tourism revenue loss of $26.027 billion over the first 10 months of 2020.

10. Hong Kong: Elsewhere in Asia, Hong Kong has also been hit hard by the COVID-19 pandemic’s impact on travel, experiencing a revenue loss of $24.069 billion.