Tourism

By Isabelle Durant, Acting Secretary-General, UNCTAD

Economic losses are mounting in developing countries due to the absence of widespread COVID-19 vaccinations.

By Bruno Antunes, Economist, UNCTAD

The global tourism standstill due to COVID-19 has cost the sector dearly, especially in countries heavily reliant on it, like small island nations. A new UN report maps how tourism could be rebuilt.

UNCTAD estimates that for every $1 million lost in international tourism revenue, a country’s national income could drop by up to $3 million. The effects on employment could be dramatic.

The increasingly unsustainable use of marine resources for economic activities has hurt the health of our oceans, seas and coasts. Governments and businesses have the opportunity to turn the tide and make blue economy sectors more "green" in the wake of the coronavirus crisis.

Written by By Pamela Coke-Hamilton, Director, Division on International Trade and Commodities, UNCTAD

Written by Isabelle Durant, UNCTAD Deputy Secretary-General

The mainstreaming of tourism into national development and economic policymaking through a comprehensive national tourism strategy should include the involvement of all stakeholders, including local communities and the local private sector, says Dr Supachai Panitchpakdi in a chapter entitled "Sustainable tourism development - a partnership between the public and the private sectors".