LONDON: Britain's economy will lose about £22 billion (US$29 billion) this year on the coronavirus-induced collapse of global travel, which could ...
LONDON: Britain's economy will lose about £22 billion this year on the coronavirus-induced collapse of global travel, which could imperil 3 million jobs, an industry body forecast on Wednesday .
It continued:"The severe impact on UK travel and tourism is laid bare by WTTC as the economic fallout from coronavirus continues to burn its way through the sector. The WTTC added on Wednesday that London has been hardest hit by the travel collapse because around 85 per cent of tourist spending in the capital is from foreign visitors."The economic pain and suffering caused to millions of households across the UK, who are dependent upon travel and tourism for their livelihoods, is evident from the latest figures," added WTTC President Gloria Guevara in the report.
"It could also threaten London's position as one of the world's premier hubs for business and leisure travel which could see other destinations take over.
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