In an open letter to the governments of the world, the World Travel and Tourism Council (WTTC) CEO Gloria Guevara has stressed the travel & tourism industry needs protecting.
Guevara explained that the industry is currently in “uncharted territory”, and went as far to say the industry is “in a fight for its survival.” While hospitality establishments across the Gulf region and the world are offering limited-time offers to spur business, Guevara has stated governments must step in to help.
WTTC figures show that the travel & tourism industry contributes 10.4% of the global GDP, along with 320 million jobs. Guevara noted that it is responsible for creating one in every five new jobs and for eight successive years, the industry’s growth has outpaced that of the global economy.
She laid out three ways governments should be expected to help. The first is financial aid to help protect the millions of people working in the sector; the second is governments extending interest-free loans to travel & tourism companies and the third is that governments must waive all taxes placed on the businesses in the industry.
Guevara said: “We are calling upon the world to take urgent and immediate action to prevent this global health crisis becoming a worldwide economic catastrophe. Doing nothing is not an option.”
The WTTC CEO recently estimated that the current COVID-19 situation could lose 50 million people their jobs in the industry.