Tag: International

International Tourist Numbers Could Fall 60-80% in 2020, UNWTO Reports

  • International tourism down 22% in Q1 and could decline by 60-80% over the whole year
  • 67 million fewer international tourists up to March translates into US$80 billion in lost exports
  • UNWTO has outlined three possible future scenarios depending on how the crisis unfolds

The COVID-19 pandemic has caused a 22% fall in international tourist arrivals during the first quarter of 2020, the latest data from the World Tourism Organization (UNWTO) shows. According to the United Nations specialized agency, the crisis could lead to an annual decline of between 60% and 80% when compared with 2019 figures. This

International vacation homes? Only in US travelers’ dreams

Four months into a virtual worldwide lockdown for US travelers, reaching a vacation home abroad is either impossible or too risky to even consider — leaving these homeowners challenged and their homes largely abandoned.

Dream houses in far-flung regions are still extant, leaving homeowners to navigate upkeep and associated costs from afar instead of checking in — and enjoying — in person.

What was once predictable, annual travel for these owners has now been entirely upended. Is the solution to sell? Perhaps rent it out?

Or, most risky during this uncertain period, try and travel there anyway?

It’s a tricky

International travel and tourism faces catastrophe in 2020. Here’s what it needs to recover

Located a short distance from the Greek capital’s commercial center, Pi Athens ordinarily welcomes droves of American and Australian tourists this time of year.

“The concern this summer is that those who will come — if and when they do — will skip the big cities and head directly to a beach location,” Gavriel told CNN Business. “The hotel is a rented property and there are many bills to pay. I have invested in it heavily. We are hoping for some revenue in the summer but we don’t know if this is going to happen.”

Travel and tourism accounts for