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Tourism has been a strong and resilient economic sector over the past decade. In 2019 globally there were 1.5 billion international tourist arrivals recorded. This represented a four per cent increase over the previous year and the 10th consecutive year of growth, according to the UNWTO World Tourism Barometer. Unfortunately, the COVID-19 pandemic interrupted this growth. The sharp decline in mobility and an increase in social restrictions have caused a slump in travel. The World Tourism Barometer reported that international tourist arrivals dropped by 65 per cent during the first half of 2020. This translates into a loss of 440 million international journeys and about $460 billion in export revenues from international tourism. More than 121 million jobs in the travel and tourism sector have been impacted globally, as at September 2020.

Tourism councilPhoenicia groupInternational hotel investmentsSpinola development coVon der heyden groupMalta stock exchangeNational statistics officeMarriott internationalMax holdings ltdEden leisure group ltdSea pebbles ltdStivala groupWorld tourism barometerWorld travelSpinola developmentStivala group finance