COVID-19: UN warns 120 million tourism jobs are at risk

AFP

The UN Secretary-General Antonio Guterres has issued a warning about the pandemic's impact on the industry.

In a video address, Guterres said 320 billion dollars worth of exports has been lost in the first half of 2020 and 120 million jobs are at risk.

He added that while this was a shock for rich countries, it's an emergency for many developing nations.

Guterres stressed that tourism is an essential pillar of the Sustainable Development Goals, with the most vulnerable workers and countries now under threat.

He said that the sector has been among the hardest hit by COVID-19.

No country has been unaffected, with restrictions on travel and a sudden drop in consumer demand leading to an unprecedented fall in international tourist numbers.

Guterres said, "It is imperative that we rebuild the tourism sector in a safe, equitable and climate-friendly manner. And so ensure tourism regains its position as a provider of decent jobs, stable incomes and the protection of our cultural and natural heritage."

 

More from Business

  • Boeing lines up $35b in funds via stock and bond sale

    Boeing filed papers with the US markets regulator on Tuesday for raising up to $25 billion (AED 91 billion) through a stock and debt offering and entered into a $10 billion (AED 36.7 billion) credit agreement amid a crippling strike and upcoming debt maturities.

  • Masdar and Presight agree AI asset management tool development

    Abu Dhabi Future Energy Company PJSC (Masdar) has signed an agreement with Presight, a leading big data analytics company powered by generative AI, to develop an asset management tool for its renewable energy projects worldwide.

  • Nvidia closing in on becoming world's most valuable company

    Shares of Nvidia closed at their highest ever on Monday, lifting its market value to $3.39 trillion (AED 12.4 trillion) just below Apple's $3.52 trillion (AED 12.92 trillion) and above Microsoft's $3.12 trillion (AED 11.45 trillion).

  • Ajman establishes Higher Energy Committee

    The Ajman Higher Energy Committee has been established to regulate the trade of petroleum in the Emirate, under the directives of His Highness Sheikh Humaid bin Rashid Al Nuaimi, Supreme Council Member and Ruler of Ajman.

  • Digital companies growing rapidly: Dubai Chamber

    The growth rate of digital companies in Dubai is double that of traditional companies, according to Vice Chairman of the Dubai Chamber of Digital Economy, Ahmad Bin Byat.