United Nations Secretary-General Antonio Guterres has stated that the global tourism industry has recorded loses of up to US$320 billion in the first five months of 2020, with more than 120 million industry jobs currently at risk.

He said that tourism is the world’s third-largest export sector, behind only fuels and chemicals, and last year accounted for 7% of all global trade, employing one in every 10 people on Earth, providing livelihoods to hundreds of millions more.

International tourist figures this year have halved, with a particular emergency in developing nations, where tourism can account for more than 20% GDP.

Further losses this year could reach between US$910bn and $1.2 trillion, meaning global GDP would shrink by 1.5%-2.8%.

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