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Travel & Tourism sector s contribution to Portugal s GDP dropped by €21 billion in 2020

Travel & Tourism sector’s contribution to Portugal’s GDP dropped by €21 billion in 2020 e World Travel & Tourism Council’s annual Economic Impact Report (EIR) reveals that the dramatic collapse of Portugal’s Travel & Tourism sector has wiped out €21 billion from the nation’s economy. The annual EIR from the World Travel & Tourism Council (WTTC), which represents the global Travel & Tourism private sector, shows the sector’s contribution to GDP dropped 56.4% in 2020. Following 10 consecutive years in which its Travel & Tourism sector’s growth outpaced that of the overall economy, its contribution fell from €37 billion (17.1%) in 2019, to €16 billion (8.1%), just 12 months later, in 2020.

Covid curbs on travel cost UK economy £148bn and 307,000 jobs, report states

Covid curbs on travel cost UK economy £148bn and 307,000 jobs, report states Number of those employed in the travel and tourism sector tumbled from 4.27 million in 2019, to 3.96 million in 2020 – a fall of 7.2 per cent The video will auto-play soon8Cancel Play now Sign up to the Hull Live newsletter for daily updates and breaking newsInvalid EmailSomething went wrong, please try again later. Sign up here! When you subscribe we will use the information you provide to send you these newsletters. Sometimes they’ll include recommendations for other related newsletters or services we offer. OurPrivacy Noticeexplains more about how we use your data, and your rights. You can unsubscribe at any time.

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