Where travel agents earn, learn and save!

22 December 2024 / 01:15
No Data Found

No data found

World Travel and Tourism Council
A staggering €35 billion could be wiped off the region’s economy this year

The World Travel & Tourism Council (WTTC) and the European Travel Commission (ETC), supported by a number of key travel stakeholders, have urged EU Member States to align their responses to the deteriorating COVID-19 situation and avoid imposing any limits to the freedom of movement across Europe.

The organizations say the sector cannot afford inconsistent and ever-changing national responses, and a joint EU approach is the only solution to saving the struggling Travel & Tourism sector in Europe. 

The European Centre for Disease Prevention and Control (ECDC) is now acknowledging that EU travel restrictions have not had a significant impact on reducing virus transmission, hospitalizations, or deaths.

WTTC and ETC stress that measures aiming at restricting border crossing would not have any health benefits but could result in a huge economic impact to the region.

According to latest WTTC research, up to 900,000 jobs are at risk across the EU’s Travel & Tourism sector this year if travel restrictions are reimposed this winter.

Furthermore, governments across the EU could see up to €35 billion wiped from the sector’s contribution to the economy before the end of 2021 if severe travel restrictions come back into force.

WTTC and ETC say EU Member States have the power to influence and drive forward the coordinated recovery effort needed to preserve the sector and only a coordinated approach will save the millions of livelihoods that depend on the sector.

Last year, WTTC research revealed more than two million Travel & Tourism jobs were lost across the EU, and its latest research reveals that if wide scale restrictions were enforced in 2022, a further three million would be at stake next year.

Following 18 months in which economies around the world have been already ravaged by the COVID-19 pandemic, WTTC research also shows that that if punishing restrictions were to remain locked in place for much of next year, it could result in more than €143 billion being wiped from the EU economy.

Nov 22, 2021

Latest Post

Subscribe to our newsletter