{"id":3551,"date":"2022-02-09T01:44:45","date_gmt":"2022-02-09T01:44:45","guid":{"rendered":"https:\/\/travelcommunication.net\/?p=29531"},"modified":"2022-02-09T01:44:45","modified_gmt":"2022-02-09T01:44:45","slug":"uk-economy-suffered-7billion-losses-as-tourism-hit-by-omicron-restrictions","status":"publish","type":"post","link":"https:\/\/www.travelindex.org\/media\/global-travel-news\/uk-economy-suffered-7billion-losses-as-tourism-hit-by-omicron-restrictions\/","title":{"rendered":"UK Economy Suffered \u00a37billion Losses as Tourism Hit by Omicron Restrictions"},"content":{"rendered":"\n
\"UK<\/a> <\/div>\n

London, United Kingdom, February 9, 2022 \/ TRAVELINDEX \/ Ineffective travel restrictions imposed by the UK Government to combat Omicron caused an estimated \u00a37bn loss to the UK economy last year, due to a massive drop in contributions from the country\u2019s embattled Travel & Tourism sector, according to WTTC.<\/p>\n

The attack on Travel & Tourism at the end of last year until January 2022 proved ineffective at halting Omicron and devastating for the sector.<\/p>\n

The new figures come from research carried out by the World Travel & Tourism Council (WTTC), which represents the global Travel & Tourism private sector, and has been at the forefront in leading the private sector in the efforts to safely restart international travel.<\/p>\n

It also revealed that the global Travel & Tourism sector\u2019s contribution to the global economy lost an estimated \u00a325.7bn \u2013 due to the impact of worldwide travel restrictions introduced to combat the spread of the new variant.<\/p>\n

The \u00a37bn loss in contributions from the sector to the UK economy comes as the country finally begins to recover from the COVID-19 pandemic.<\/p>\n

Julia Simpson, WTTC President & CEO, said: \u201cImposing unnecessary travel restrictions to \u2018deal\u2019 with Omicron was not backed by science and cost the UK economy \u00a37bn in lost revenues.<\/p>\n

\u201cTravel is opening up worldwide. If the UK is going to start to repair its economy, it needs to keep borders open.\u201d<\/p>\n

The Travel & Tourism sector is a vital component of the country\u2019s economic well-being, responsible for creating much-need jobs and a significant contributor to the treasury.<\/p>\n

The impact of nearly two years of worldwide travel restrictions on both the sector in particular and the economy generally has continued to linger.<\/p>\n

According to WTTC\u2019s 2021 Economic Impact Report, the number of those employed in the UK Travel & Tourism sector fell from 4.27 million in 2019, to 3.96 million in 2020 \u2013 a fall of 7.2%.<\/p>\n

In 2019, before the pandemic stopped travel in its tracks, the Travel & Tourism sector generated nearly $9.2 trillion to the global economy.<\/p>\n

The following year, the pandemic brought the sector to an almost complete standstill, causing a massive 49.1% drop, representing a severe loss of nearly $4.5 trillion.<\/p>\n

However, the rebound of the sector means losses have narrowed, with WTTC research showing the global Travel & Tourism sector could grow to $8.6 trillion this year, just 6.4% behind pre-pandemic levels.<\/p>\n

First published at TravelCommunication.net<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

London, United Kingdom, February 9, 2022 \/ TRAVELINDEX \/ Ineffective travel restrictions imposed by the UK Government to combat Omicron caused an estimated \u00a37bn loss to the UK economy last year, due to a massive drop in contributions from the country\u2019s embattled Travel & Tourism sector, according to WTTC. The attack on Travel & Tourism …<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[1651,52,43,37,1427,45,46,44,14,48,59,153,47],"class_list":["post-3551","post","type-post","status-publish","format-standard","hentry","category-global-travel-news","tag-covid-travel-restrictions","tag-featured","tag-global-travel-news","tag-news","tag-omicron","tag-travel-communication","tag-travel-index","tag-travel-news-hub","tag-travelindex","tag-unwtp-news","tag-updates","tag-wttc","tag-wttc-news"],"_links":{"self":[{"href":"https:\/\/www.travelindex.org\/media\/wp-json\/wp\/v2\/posts\/3551","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.travelindex.org\/media\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.travelindex.org\/media\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.travelindex.org\/media\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.travelindex.org\/media\/wp-json\/wp\/v2\/comments?post=3551"}],"version-history":[{"count":0,"href":"https:\/\/www.travelindex.org\/media\/wp-json\/wp\/v2\/posts\/3551\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.travelindex.org\/media\/wp-json\/wp\/v2\/media?parent=3551"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.travelindex.org\/media\/wp-json\/wp\/v2\/categories?post=3551"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.travelindex.org\/media\/wp-json\/wp\/v2\/tags?post=3551"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}