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[Monitor] Asia’s travel industry to take hardest hit from COVID-19
By Korea HeraldPublished : May 5, 2020 - 11:01
A total of 100.8 million jobs dedicated to travel and tourism are forecast to be slashed due to the impact of the coronavirus pandemic, according to data from the World Travel & Tourism Council.
Asia’s travel industry is projected to be hit hardest, with an estimated 63.4 million job losses, the data showed.
The job cuts are expected to shave about $1.04 trillion off the region’s aggregate gross domestic product.
That would account for nearly half of the world’s total GDP loss of $2.69 trillion.
(khnews@heraldcorp.com)
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Articles by Korea Herald
