Global change in travel and tourism revenue due to COVID-19 by country 2019-2020

Published by S. Lock, Apr 22, 2020
According to the Mobility Market Outlook on COVID-19, the revenue for the travel and tourism industry in Italy will be the most affected by the pandemic, decreasing from 20.3 billion U.S. dollars in 2019 to about 11.2 billion U.S. dollars in 2020.

For further information about the coronavirus (COVID-19) pandemic, please visit our dedicated Facts and Figures page.

Travel and tourism industry revenue in selected countries in 2019 and projected impact of the coronavirus (COVID-19) pandemic in 2020 (in million U.S. dollars)

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Source

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Release date

March 2020

Region

China, Germany, Italy, United States

Survey time period

2019 and 2020

Supplementary notes

Because the amount of data about the impact of the novel Coronavirus on travel and tourism is very limited, the following assumptions need to be made in order to be able to quantify how the industry will be affected by this virus in 2020:
The epidemic will have a major impact on travel and tourism for six months.
The basis for the estimations was IATA’s forecast about the overall effect of COVID 19 on the flight industry (limited spread scenario).
The decreased demand for flights coincides with the reduced demand for leisure trips in general.

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Topics

COVID-19: impact on the tourism industry worldwideTourism worldwideNovel coronavirus COVID-19 in ChinaCoronavirus disease (COVID-19) pandemicCoronavirus (COVID-19) in Italy
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