DBRS Morningstar released a commentary looking at the exposure of the euro area countries to the coronavirus disease (COVID-19) related tourism downturn.
The World Travel & Tourism Council (WTTC) has unveiled the latest set of measures designed to rebuild global consumer confidence, reduce risk and encourage the return of Safe Travels.
On the basis of the results of the Cyprus Passenger Survey carried out by the statistical service, revenue from tourism in June of this year reached EUR6,7 million compared to EUR350,4 million in the corresponding month of the previous year, recording a decrease of 98,1 percent.
Cyprus arrivals of tourists reached 64,914 in July of this year compared to 550,971 in July 2019, recording a decrease of 88,2 percent.
Restrictions on travel, introduced in response to the COVID-19 pandemic, are slowly being eased, allowing tourism to restart in a growing number of destinations.
The number of deals announced in the global travel and tourism sector declined by 38,5 percent during the week ended May 24, of this year compared to the previous week, according to GlobalData’s deals database.
COVID-19 has placed the whole world on lockdown, with new research from the World Tourism Organization (UNWTO) showing that 100 percent of global destinations continue to have restrictions on travel in place, and 72 percent have completely closed their borders to international tourism.
The COVID-19 pandemic has caused a 22 percent fall in international tourist arrivals during the first quarter (Q1) of this year, the latest data from the World Tourism Organization (UNWTO) shows.