UNWTO: International tourism spending fell by USD320bn in first five months of 2020

UN World Tourism Organization (UNWTO) reported (28-Jul-2020) its May-2020 World Tourism Barometer showed that the near-complete lockdown imposed in response to the pandemic led to a 98% year-on-year fall in international tourist numbers. The barometer also showed a 56% drop in tourist arrivals over the first five months of the year. This translates into a fall of 300 million tourists and USD320 billion lost in international tourism receipts - more than three times the loss during the Global Economic Crisis of 2009. [more - original PR]