The top 5 outbound markets where Albanians like to travel to are:
– Greece
– Italy
– Turkey
– Montenegro
– Bulgaria
This data based on the WTTC Economic Trends Report, reveals COVID-19’s dramatic impact on Travel and Tourism around the world.
Prior to the pandemic, Travel and Tourism (including its direct, indirect and induced impacts) accounted for 1 in 4 of all new jobs created across the world, 10.6 percent of all jobs (334 million), and 10.4 percent of global GDP (US$9.2 trillion). International visitor spending amounted to US$1.7 trillion in 2019 (6.8 percent of total exports, 27.4 percent of global services exports).
The research also shows that the Travel and Tourism sector suffered a loss of almost US$4.5 trillion to reach US$4.7 trillion in 2020, with the contribution to GDP dropping by a staggering 49.1 percent compared to 2019; relative to a 3.7 percent GDP decline of the global economy in 2020. In 2019, the Travel and Tourism sector contributed 10.4 percent to global GDP; a share which decreased to 5.5 percent in 2020 due to ongoing restrictions to mobility.
In 2020, 62 million jobs were lost, representing a drop of 18.5 percent, leaving just 272 million employed across the sector globally, compared to 334 million in 2019. The threat of job losses persists as many jobs are currently supported by government retention schemes and reduced hours, which without a full recovery of Travel and Tourism could be lost. Domestic visitor spending decreased by 45 percent, while international visitor spending declined by an unprecedented 69.4 percent.
