How the Tourism Sector in Emerging Markets is Recovering from COVID-19

Publication:
How the Tourism Sector in Emerging Markets is Recovering from COVID-19

dc.contributor.author	Mekharat, Nisachol
dc.contributor.author	Traore, Nouhoum
dc.date.accessioned	2020-12-08T18:12:28Z
dc.date.available	2020-12-08T18:12:28Z
dc.date.issued	2020-12
dc.description.abstract	Summary of Note 95, how the Tourism Sector in Emerging Markets is Recovering from COVID-19 Tourism is an important sector that accounts for 10 percent of global gross domestic product and one in every 10 jobs. As a result of COVID-19-related travel restrictions, the United Nations World Tourism Organization (UNWTO) has estimated that international tourist arrivals in 2020 will drop between 58 and 78 percent, which puts 100 to 120 million direct tourism jobs at risk. The effects of COVID-19 are felt throughout the extensive tourism value chain, including airlines, hotels, restaurants, tour operators, food suppliers, farmers, retailers, and a wide range of other small and medium enterprises. Although all tourist destinations strongly feel the impact from the pandemic-related crisis, not all have the same vulnerabilities or capacity to recover. This note explores the factors in specific tourism destinations that contribute to pandemic-related vulnerability, as well as the factors that support the resilience of the tourism sector. Examining all these factors together provides a snapshot of the countries as well as the subsectors that are most likely to recover first, as well as those that will require greater support to weather and recover from the crisis.	en
dc.identifier	http://documents.worldbank.org/curated/en/876631607060032023/How-the-Tourism-Sector-in-Emerging-Markets-is-Recovering-from-COVID-19
dc.identifier.doi	10.1596/34901
dc.identifier.uri	https://hdl.handle.net/10986/34901
dc.language	English
dc.publisher	International Finance Corporation, Washington, DC
dc.relation.ispartofseries	EMCompass;No. 95
dc.rights	CC BY-NG-ND 3.0 IGO
dc.rights.holder	International Finance Corporation
dc.rights.uri	http://creativecommons.org/licenses/by-nc-nd/3.0/igo
dc.subject	TOURISM
dc.subject	EMERGING MARKET ECONOMIES
dc.subject	CORONAVIRUS
dc.subject	COVID-19
dc.subject	PANDEMIC IMPACT
dc.subject	SMALL AND MEDIUM SIZE ENTERPRISE
dc.subject	INTERNATIONAL TRAVEL
dc.title	How the Tourism Sector in Emerging Markets is Recovering from COVID-19	en
dc.type	Brief	en
dc.type	Fiche	fr
dc.type	Resumen	es
dspace.entity.type	Publication
okr.date.disclosure	2020-12-04
okr.date.doiregistration	2025-04-29T10:06:09.035473Z
okr.doctype	Publications & Research
okr.doctype	Publications & Research::Brief
okr.docurl	http://documents.worldbank.org/curated/en/876631607060032023/How-the-Tourism-Sector-in-Emerging-Markets-is-Recovering-from-COVID-19
okr.guid	876631607060032023
okr.identifier.externaldocumentum	090224b08806f479_1_0
okr.identifier.internaldocumentum	32635423
okr.identifier.report	154752
okr.imported	true	en
okr.language.supported	en
okr.pdfurl	http://documents.worldbank.org/curated/en/876631607060032023/pdf/How-the-Tourism-Sector-in-Emerging-Markets-is-Recovering-from-COVID-19.pdf	en
okr.region.geographical	Caribbean
okr.region.geographical	East Asia
okr.region.geographical	Latin America
okr.region.geographical	Southeast Asia
okr.region.geographical	Sub-Saharan Africa
okr.topic	Transport::Transport Economics Policy & Planning
okr.topic	Environment::Tourism and Ecotourism
okr.topic	Industry::Accommodation & Tourism Industry
okr.topic	Health, Nutrition and Population::Disease Control & Prevention
okr.topic	Macroeconomics and Economic Growth::Business Cycles and Stabilization Policies
okr.unit	Thought Leadership (CEDTL)
relation.isSeriesOfPublication	d31a649d-31bd-481d-8f47-6e9e412fc469
relation.isSeriesOfPublication.latestForDiscovery	d31a649d-31bd-481d-8f47-6e9e412fc469