Rebuilding Tourism Competitiveness : Tourism Response, Recovery and Resilience to the COVID-19 Crisis

The travel and tourism industry was one of the first sectors to be affected by COVID-19. Since March, the entire value chain that defines the industry — spanning airlines, bus and train companies, cruise lines, hotels, restaurants, attractions, tra...

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Main Author: World Bank
Format: Policy Note
Language:English
Published: World Bank, Washington, DC 2020
Subjects:
Online Access:http://documents.worldbank.org/curated/en/739101597266369210/Rebuilding-Tourism-Competitiveness-Tourism-response-recovery-and-resilience-to-the-COVID-19-crisis
http://hdl.handle.net/10986/34348
id okr-10986-34348
recordtype oai_dc
spelling okr-10986-343482021-09-21T12:58:29Z Rebuilding Tourism Competitiveness : Tourism Response, Recovery and Resilience to the COVID-19 Crisis World Bank TOURISM TRAVEL RESTRICTIONS SMALL ISLAND COUNTRIES SMALL AND MEDIUM-SIZED ENTERPRISES CORONAVIRUS COVID-19 PANDEMIC RESPONSE The travel and tourism industry was one of the first sectors to be affected by COVID-19. Since March, the entire value chain that defines the industry — spanning airlines, bus and train companies, cruise lines, hotels, restaurants, attractions, travel agencies, tour operators,online travel entities, and others — has entered a state of suspended animation. While bankruptcies of major airlines and large tour operators have been widely reported, the effectsof the crisis are perhaps being most acutely felt by the Small and Medium-sized Enterprises(SMEs) that make up around 80 percent of licensed tourism and tourism-related businesses, and are at the greatest risk of failure. Their potential collapse threatens to adversely affect millions of people across the world, including many vulnerable communities, who depend on tourism for their livelihoods. According to the World Travel and Tourism Council, as many as 100 million jobs supported by travel and tourism are currently at risk. 2020-08-13T13:24:52Z 2020-08-13T13:24:52Z 2020-07 Policy Note http://documents.worldbank.org/curated/en/739101597266369210/Rebuilding-Tourism-Competitiveness-Tourism-response-recovery-and-resilience-to-the-COVID-19-crisis http://hdl.handle.net/10986/34348 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Economic & Sector Work Economic & Sector Work :: Policy Note
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
topic TOURISM
TRAVEL RESTRICTIONS
SMALL ISLAND COUNTRIES
SMALL AND MEDIUM-SIZED ENTERPRISES
CORONAVIRUS
COVID-19
PANDEMIC RESPONSE
spellingShingle TOURISM
TRAVEL RESTRICTIONS
SMALL ISLAND COUNTRIES
SMALL AND MEDIUM-SIZED ENTERPRISES
CORONAVIRUS
COVID-19
PANDEMIC RESPONSE
World Bank
Rebuilding Tourism Competitiveness : Tourism Response, Recovery and Resilience to the COVID-19 Crisis
description The travel and tourism industry was one of the first sectors to be affected by COVID-19. Since March, the entire value chain that defines the industry — spanning airlines, bus and train companies, cruise lines, hotels, restaurants, attractions, travel agencies, tour operators,online travel entities, and others — has entered a state of suspended animation. While bankruptcies of major airlines and large tour operators have been widely reported, the effectsof the crisis are perhaps being most acutely felt by the Small and Medium-sized Enterprises(SMEs) that make up around 80 percent of licensed tourism and tourism-related businesses, and are at the greatest risk of failure. Their potential collapse threatens to adversely affect millions of people across the world, including many vulnerable communities, who depend on tourism for their livelihoods. According to the World Travel and Tourism Council, as many as 100 million jobs supported by travel and tourism are currently at risk.
format Policy Note
author World Bank
author_facet World Bank
author_sort World Bank
title Rebuilding Tourism Competitiveness : Tourism Response, Recovery and Resilience to the COVID-19 Crisis
title_short Rebuilding Tourism Competitiveness : Tourism Response, Recovery and Resilience to the COVID-19 Crisis
title_full Rebuilding Tourism Competitiveness : Tourism Response, Recovery and Resilience to the COVID-19 Crisis
title_fullStr Rebuilding Tourism Competitiveness : Tourism Response, Recovery and Resilience to the COVID-19 Crisis
title_full_unstemmed Rebuilding Tourism Competitiveness : Tourism Response, Recovery and Resilience to the COVID-19 Crisis
title_sort rebuilding tourism competitiveness : tourism response, recovery and resilience to the covid-19 crisis
publisher World Bank, Washington, DC
publishDate 2020
url http://documents.worldbank.org/curated/en/739101597266369210/Rebuilding-Tourism-Competitiveness-Tourism-response-recovery-and-resilience-to-the-COVID-19-crisis
http://hdl.handle.net/10986/34348
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