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COVID-19 Costs Travel, Tourism Sector $4.5trn
The travel and tourism sector lost almost $4.5 trillion last year as a result of the scourge, according to the World Travel & Tourism Council’s annual Economic Impact Report (EIR). The annual EIR from the World Travel & Tourism Council (WTTC), which represents the global travel and tourism private sector, shows the sector’s contribution to GDP dropped 49.1 per cent, this compared to the overall global economy which dropped by just 3.7 per cent last…
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