International tourist arrivals could be reduced by 20 to 30% in 2020

first_imgThe World Tourism Organization (UNWTO) has published its latest estimates of the likely impact of the coronavirus on international tourism. Given the unprecedented introduction of travel restrictions around the world, the United Nations Specialized Tourism Agencyexpects international tourist arrivals to decrease by 2020 to 20% in 30 compared to 2019 data. “Tourism is one of the hardest hit of all economic sectors”, stressed UNWTO Secretary-General Zurab Pololikashvili, adding that tourism has joined forces to find a solution by working together to mitigate the impact of the crisis, especially on employment, and to support broader recovery efforts by providing jobs and economic prosperity around the world. The expected decline between 20 and 30% could translate into a drop in international revenues from tourism (exports) of 300-450 billion US dollars, which is almost one third of the 1,5 trillion US dollars that were realized in 2019. Taking into account past market trends, this would mean that COVID-19 will lose the growth achieved between five and seven years. Putting this in context, the UNWTO notes that in 2009, on the back of the global economic crisis, international tourist arrivals declined by 4%, while the SARS epidemic led to a decline of only 0,4% in 2003. Source: UNWTOPhoto: Pixabay It is clear that millions of jobs in the sector are at risk, and according to UNWTO estimates, about 80% of all tourism businesses are small and medium-sized enterprises. In addition to this new assessment, the UNWTO emphasizes historical resilience and the ability to create jobs in post-crisis situations, while emphasizing the importance of international cooperation and ensuring that the sector becomes a central part of recovery efforts. However, the UNWTO emphasizes that these numbers are based on the latest developments facing the global community. These are unprecedented social and economic challenges that need to be interpreted with caution given the extremely uncertain nature of the current crisis.last_img read more

The state must be present to save people from crisis, says House Speaker Puan Maharani

first_imgPuan went on to say that the government should impose policies and programs to increase health sector capacity, expand social protections, implement large-scale social restrictions and accelerate economic recovery as the pandemic had impacted economic growth significantly.The government has been granted authority to impose fiscal, state financial and financial stability policies to overcome the pandemic and its impacts, she said, referring to the Law No.2/2020 on the COVID-19 response budget.”The government is expected to be able to carry out various effective measures, both through policies, cross-sector coordination, fiscal and monetary instruments, as well as consolidating all existing potentials and resources, to immediately restore the country’s social and economic health,” Puan added.The joint meeting among all branches of the government was held to commemorate Indonesia’s 75th Independence Day, which falls on Monday.President Joko “Jokowi” Widodo was also present to give his annual state of the nation address. The state must do everything it can to curb the impact of the economic crisis brought on by the COVID-19 pandemic, House of Representatives Speaker Puan Maharani said on Friday.The pandemic has posed a serious threat to people’s safety and welfare, she said while noting that all sectors and sources of income had been disrupted.”The state must be present to save the people from the threat of a health crisis, the threat of an economic crisis and the threat of a welfare crisis by doing all that it can,” the ruling Indonesian Democratic Party of Struggle (PDI-P) politician said in her speech at the annual joint meeting held at the House compound. Topics :last_img read more

No downside to LeBron joining the Lakers

first_imgAlso:-Top 5 destinations for Kirk CousinsGuests:Lee Jenkins – SI and The Crossover Senior Writer is in-studio talking All-Star weekend; why LeBron is good with an ensemble cast; if the Warriors are beatable or just cruising; and if Minnesota is close to contending.Michael Rappaport –  Actor/Comedian and host of the I Am Rapaport Stereo Podcast is in-studio talking Laura Ingraham’s LeBron comments; why heDamon Harrison – Giants Defensive Lineman is in-studio to discuss his unusual road to the NFL; how he got the nickname “Snacks”; and why Odell Beckham is a good teammate. No downside to LeBron joining the Lakers No one knows which way LeBron James is leaning heading toward his 2018 free agency decision, but Colin thinks that a move to the Lakers would be a boost to LeBron’s and the NBA’s businesses.Some are saying LeBron’s legacy will be negatively impacted if he goes to the Lakers and loses to the Warriors again. Colin disagrees and doesn’t see any downside to the move. He thinks LeBron’s legacy is already set, and if the Lakers doesn’t work out, no one would remember in the long term. If he’s successful and leads a third organization to a title, it will help his legacy and career comparisons to Jordan. NBA tanking doesn’t workMavericks owner Mark Cuban recently made comments essentially confirming his team was tanking to end the year, but Colin doesn’t understand why.Even though tanking for draft position is trendy, there’s no evidence it actually works. Supporters will point to ‘The Process’ in Philly, but even with home run draft picks they are a borderline playoff team after 5 years in the tank. The Suns have embraced the suck and don’t even look close to being close to the playoffs.The top teams have never fully embraced tanking, even during down points. The only way to win in the NBA is with veterans. Tanking for unproven 19-year-old rookies that usually don’t pan out just doesn’t work.last_img read more