Unsurprising yet still devastating news: according to Official ESTA—a third-party visa application service—the United States suffered the biggest tourism revenue loss across the globe in the first 10 months of 2020. The financial burden accounts for a total of $147.2 billion.
ESTA used data sourced directly from the UN World Tourism Organization and the World Bank (you can access that right here) to come up with a list of countries whose tourism industry was most widely impacted due to COVID-19. Although Spain lands in second place, following the U.S., the disparity in financial losses is pretty grand. Seeing fewer than 20 million foreign visitors in 2020, Spain lost nearly $47 billion in tourism, about a third of what the U.S. is dealing with.
The data also points out countries that have lost the highest percentage of GDP due to tourism drops. Macau tops that list (43.1% of GDP loss), followed by Aruba (38.1%), Turks and Caicos Islands (37.8%), and Antigua and Barbuda (33.6%).
As vaccines roll out across the world and the airline industry implements changes to guarantee the safety of passengers during this unprecedented era, tourism boards are hoping to see a downward trend turn upward once more. The good news is that, although still not similar to the numbers recorded during this time last year, Americans seem to be warming up to the idea of travel once more, actually planning vacations in the last few weeks.
Below, find a list of the ten countries with the biggest tourism revenue loss due to COVID-19 around the world:
1. United States: $147.2 billion
2. Spain: $46.7 billion
3. France: $42 billion
4. Thailand: $37.5 billion
5. Germany: US$34.6 billion
6. Italy: $29.6 billion
7. United Kingdom: $27.8 billion
8: Australia: $27.2 billion
9. Japan: $26 billion
10. Hong Kong: $24 billion
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