As a result of the coronavirus (COVID-19) pandemic, the global travel and tourism market is predicted to take a hit. According to the source, international tourism receipts are predicted to drop between 20 to 30 percent in 2020 when compared to 2019's figure of 1,507 billion U.S. dollars. This means that international tourism receipts are forecast to drop to between 1,210 and 1,060 billion U.S. dollars in 2020 due to the coronavirus.
Forecasted change in international tourism receipts due to the coronavirus (COVID-19) pandemic worldwide from 2019 to 2020
(in billion U.S. dollars)
Characteristic
International tourist reciepts in billion U.S. dollars
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* Restated international tourism receipts are predicted to be between 1,210 and 1,060 billion U.S. dollars in 2020.
All figures are estimates.
The source notes:
"These estimates should be interpreted with caution in view of the magnitude, volatility and unprecedented nature of this crisis. SARS and the 2009 global economic crisis are the existing references, but this crisis is like no other."
International tourism receipts are defined as expenditure of international inbound visitors including their payments to national carriers for international transport. They also include any other payments or payments afterwards made for goods and services received in the destination country.
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World Tourism Organization (UN Tourism). (March 24, 2020). Forecasted change in international tourism receipts due to the coronavirus (COVID-19) pandemic worldwide from 2019 to 2020 (in billion U.S. dollars) [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1109855/coronavirus-international-tourism-receipts/
World Tourism Organization (UN Tourism). "Forecasted change in international tourism receipts due to the coronavirus (COVID-19) pandemic worldwide from 2019 to 2020 (in billion U.S. dollars)." Chart. March 24, 2020. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1109855/coronavirus-international-tourism-receipts/
World Tourism Organization (UN Tourism). (2020). Forecasted change in international tourism receipts due to the coronavirus (COVID-19) pandemic worldwide from 2019 to 2020 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1109855/coronavirus-international-tourism-receipts/
World Tourism Organization (UN Tourism). "Forecasted Change in International Tourism Receipts Due to The Coronavirus (Covid-19) Pandemic Worldwide from 2019 to 2020 (in Billion U.S. Dollars)." Statista, Statista Inc., 24 Mar 2020, https://www.statista.com/statistics/1109855/coronavirus-international-tourism-receipts/
World Tourism Organization (UN Tourism), Forecasted change in international tourism receipts due to the coronavirus (COVID-19) pandemic worldwide from 2019 to 2020 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1109855/coronavirus-international-tourism-receipts/ (last visited July 22, 2024)
Forecasted change in international tourism receipts due to the coronavirus (COVID-19) pandemic worldwide from 2019 to 2020 (in billion U.S. dollars) [Graph], World Tourism Organization (UN Tourism), March 24, 2020. [Online]. Available: https://www.statista.com/statistics/1109855/coronavirus-international-tourism-receipts/
