How much can the world tourism industry lose because of the absence of Russians?
The travel industry was preparing to pick up in 2022 as the coronavirus pandemic went into decline, but the conflict in Ukraine will slow the recovery of tourism in Europe.
Our compatriots account for 1% of global travel spending. In 2021, Russians spent $9.1 billion abroad. The loss of wealthy Russian tourists will not undermine the recovery of the industry, but will cause serious damage to many countries of the world, from Europe and the Caribbean to Turkey and Thailand.
Since February 24, European countries have focused their efforts on helping millions of Ukrainian refugees, and economic sanctions have been imposed on Russia, including on the aviation industry. The decrease in outbound tourism spending in Russia will lead to a fall in the revenues of the global tourism industry by at least 50% compared to 2021.
Expenditure in tourism in 2022 will grow by 92% compared to 2021, but due to the conflict, the industry will receive much less than expected - the global tourism industry will lose approximately $6.9 billion in 2022.
The industry’s recovery has been slow, as the coronavirus pandemic has not fully receded, affecting tourism policy in the Asia-Pacific, Middle East and Africa.
“With 63 percent of the world’s population vaccinated, and herd immunity is still a long way off, Asian countries will be the last to fully revive international tourism.”
Vaccine shortages are also a major challenge for the resumption of tourism, mainly in the Asia-Pacific region, where 14.1% of countries have low incomes and cannot provide the entire population with the vaccine.
Source: tourism.interfax
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