UK government must provide more support to the embattled Travel & Tourism sector
Hotel quarantine could wipe out more than £380,000 from the UK economy every minute
Gloria Guevara, WTTC President & CEO, said: "WTTC urgently calls upon the UK government to extend the furlough scheme for those employed in the beleaguered Travel & Tourism sector."
"International travel will all but wiped out and according to WTTC analysis, the UK economy could lose a staggering £380,000 every minute - or almost £548 million every day."
"The government has a duty to share its own economic impact assessment, so we fully understand the effect these measures will have on the sector and the wider economy."
"If the UK is to have any hope of reviving the economy after the pandemic, we have to protect a sector which will be instrumental in kick starting it."
WTTC is the body which represents the Travel & Tourism private sector globally. Members consist of CEOs of the world's Travel & Tourism companies, destinations, and industry organisations engaging with Travel & Tourism.
WTTC has a history of 25 years of research to quantify the economic impact of the sector in 185 countries. Travel & Tourism is a key driver for investment and economic growth globally. The sector contributes US$8.8 trillion or 10.4% of global GDP, and accounts for 319 million jobs or one in ten of all jobs on the planet.
For over 25 years, WTTC has been the voice of this industry globally. Members are the Chairs, Presidents and Chief Executives of the world's leading, private sector Travel & Tourism businesses, who bring specialist knowledge to guide government policy and decision-making and raise awareness of the importance of the sector.