Ø The economic impact from the plunge in tourism since the pandemic emerged last year could top $4 trillion, according to a UN report. The joint report by the UN’s World Tourism Organization (UNWTO) and Conference on Trade and Development (UNCTAD) found that the lack of widespread vaccination in developing countries was leading to mounting economic losses.

Ø Pandemic punched a $2.4 trillion hole in the tourism and related sectors last year, and the report warns a similar loss may occur this year depending on the distribution of Covid-19 vaccines.

Ø The 63-75 percent drop in international tourism this year from 2019 levels forecast by UNCTAD is expected to cause between 1.7 and 2.4 trillion euros.