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International Air Filtration Industry Leader, Camfil, Release 2020 Annual Sustainability Report

How financial inclusion is a pathway to reviving tourism

How financial inclusion is a pathway to reviving tourism Gulfbusiness.com 5 hrs ago © Motivate Publishing Tourists Global travel and tourism have not been the same ever since the onset of the Covid-19 pandemic. The tourism sector has endured one of the most challenging tests of survival so far, with the estimates from World Tourism Organization indicating that the travel and tourism industries lost approximately $80bn in receipts, jeopardising more than 100 million jobs. This has particularly been true for several emerging markets and developing economies (EMDEs) in the Middle East and North Africa (MENA) region, such as the United Arab Emirates (UAE), which significantly depend on tourism not only for their survival but also as a strategy to diversify away from oil.

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