November 3 - A staggering 2.4 million jobs could be lost in the UK Travel & Tourism sector in 2020 if barriers to global travel remain place, the World Travel & Tourism Council (WTTC) revealed.

 

The new figure comes from WTTC’s latest economic modelling, which looks at the punishing impact of COVID-19 and travel restrictions on the Travel & Tourism sector.

 

Already in present circumstances, 1.9 million jobs in the UK have been impacted. If there is no immediate alleviation of restrictions on international travel, as many as 2.4 million jobs – more than half of all jobs in the sector in the UK in 2019 – would be lost.

 

Down 17 percent from 2.9 million, as detailed in a previous study in June this year, the new figure of 2.4 million jobs indicates a small, but positive gain, in part driven by the introduction of quarantine-free air corridors in June and a rise in domestic travel.

 

However, WTTC estimates that the impact of prolonged travel restrictions could wipe out £124 billion in the sector’s contribution to UK GDP, equating to a 62% percent drop compared with 2019.

 

According to WTTC, the lack of international travel could threaten London’s position as one of the world’s premier hubs for business and leisure travel.

 

Last week, Heathrow Airport reported it has been overtaken by Paris Charles de Gaulle as Europe’s busiest airport, while the latter – along with close rivals Amsterdam Schiphol and Frankfurt – has already adopted testing regimes to reduce reliance on quarantine measures.

 

Meanwhile, in a boost to traveller confidence, research by the Office for National Statistics (ONS) suggests travelling overseas no longer presents a greater risk of contracting COVID-19 than staying in the UK.

 

To provide a route to recovery for the Travel & Tourism sector, WTTC has recently established a global Steering Committee which aims to revive international travel through public and private sector cooperation.

 

Just three weeks ago, G20 Tourism Ministers hosted more than 45 CEOs and Members of WTTC who, presented the 100 Million Jobs Recovery Plan to save the already crippled Travel & Tourism sector, and 100m jobs globally.

 

The game-changing plan was created with input from WTTC Members and covered a range of key initiatives which hinged on securing strong international coordination to re-establish effective operations and restart international travel.

 

According to WTTC’s 2020 Economic Impact Report, during 2019, Travel & Tourism was responsible for almost four million UK jobs, or 11% of the country’s total workforce. It also generated nearly £200 billion GDP, or 9% to the UK economy.

 

Globally, WTTC estimates that if the current restrictions to international travel continue through to the end of 2020, a staggering 174m Travel & Tourism jobs could be lost in 2020 alone.

 

 

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