COVID-19 decimates global tourism industry: US$320 billion lost in five months

If ever there remained any lingering doubts about the tourism-dependent nature of the global economy those were, this week, completely erased by the stunning revelation from United Nations Secretary General Antonio Guterres that the coronavirus pandemic had cost the global industry a staggering US$320 billion in exports between January and May this year and continues to put in excess of 120 million jobs at prolonged risk.

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