The coronavirus (COVID-19) pandemic hit the global travel and tourism sector hard in 2020. That year, spending on leisure trips worldwide amounted to roughly 2.37 trillion U.S. dollars, nearly halving over 2019. Over the same period, the global expenditure of domestic travelers decreased by approximately two trillion U.S. dollars. Meanwhile, spending by business travelers worldwide experienced a 61 percent annual drop in 2020.
Economic impact of travel and tourism worldwide in 2019 and 2020, by type of spending
(in trillion U.S. dollars)
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WTTC. (April 1, 2021). Economic impact of travel and tourism worldwide in 2019 and 2020, by type of spending (in trillion U.S. dollars) [Graph]. In Statista. Retrieved May 19, 2022, from https://www.statista.com/statistics/298060/contribution-of-travel-and-tourism-to-the-global-economy-by-type-of-spending/
WTTC. "Economic impact of travel and tourism worldwide in 2019 and 2020, by type of spending (in trillion U.S. dollars)." Chart. April 1, 2021. Statista. Accessed May 19, 2022. https://www.statista.com/statistics/298060/contribution-of-travel-and-tourism-to-the-global-economy-by-type-of-spending/
WTTC. (2021). Economic impact of travel and tourism worldwide in 2019 and 2020, by type of spending (in trillion U.S. dollars). Statista. Statista Inc.. Accessed: May 19, 2022. https://www.statista.com/statistics/298060/contribution-of-travel-and-tourism-to-the-global-economy-by-type-of-spending/
WTTC. "Economic Impact of Travel and Tourism Worldwide in 2019 and 2020, by Type of Spending (in Trillion U.S. Dollars)." Statista, Statista Inc., 1 Apr 2021, https://www.statista.com/statistics/298060/contribution-of-travel-and-tourism-to-the-global-economy-by-type-of-spending/
WTTC, Economic impact of travel and tourism worldwide in 2019 and 2020, by type of spending (in trillion U.S. dollars) Statista, https://www.statista.com/statistics/298060/contribution-of-travel-and-tourism-to-the-global-economy-by-type-of-spending/ (last visited May 19, 2022)
