MADRID: The coronavirus pandemic will cost the global tourism sector $2 trillion in lost revenues in 2021, the UN’s tourism body said on Monday, calling the sector’s recovery ‘fragile’ and ‘slow’. The forecast from the Madrid-based World Tourism Organization comes as Europe is grappling with a surge in infections and as a new heavily mutated … Read more
The Saudi Tourism Authority (STA) has inked a memorandum of understanding with Alibaba Cloud, the Alibaba Group’s digital technology and intelligence backbone. The pact lays the groundwork for a cooperation arrangement that will provide Chinese tourists visiting Saudi Arabia with a seamless visitor experience. The agreement is part of STA’s ambition to use cutting-edge technology … Read more
The global tourism industry has experienced a downfall due to coronavirus pandemic. The United Nations chief Antonio Guterres said that a loss of $320bn in exports has been witnessed in the first five months of the year and more than 120 million jobs at risk. In a video address, the Secretary-General said that the global … Read more
A new business study has revealed that the travel and tourism industry around the globe will face the fifty percent shrink amid the coronavirus outbreak. Media reports said many businesses in the travel and tourism industry are likely to find themselves in jeopardy. Governments and health officials have warned the public to avoid boarding cruise … Read more
