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IDN-InDepthNews

 

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COVID-19

 

Photo: A lone passenger rides an escalator on the New York City subway at one of the network's busiest stations. The city's tourist industry is likely to be decimated by COVID-19 for the rest of 2020. United Nations/Katya Pugacheva

By Ronald Joshua

ROME | MADRID (IDN) – Tourism has been brought to a near-standstill by COVID-19, but the World Travel Organization (UNWTO) believes that once the pandemic has passed, the industry, which accounts for 10 per cent of global GDP, is in a unique position to help put the global economy back on its feet.

UNWTO is closely monitoring the new coronavirus crisis from its Madrid headquarters and collaborating with other UN agencies in finding ways to mitigate its impact.

Photo: Pyramids are the backbone of Egyptian tourism. Credit: IFPRI.

Viewpoint by Clemens Breisinger, Abla Abdel Latif, Mariam Raouf and Manfred Wiebelt

WASHINGTON, DC (IDN) – The economic impacts of the COVID-19 crisis are increasingly hitting low- and middle-income countries and the poor. International travel restrictions and the full or partial closure of businesses and industries in Asia, Europe, and North America have led to a collapse in global travel and are expected to reduce the flows of remittances. Tourism and remittances are important sources of employment and incomes for the poor, respectively. This post assesses the potential impacts of the expected reductions in these income flows by using Egypt as a case study.

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