While it is no secret that the capacity utilization of airlines, hotels and recreation outlets has been significantly reduced due to the community pandemic, recent data provided by StockApps shows how much European tourism has taken in 2020.
According to StockApps researcher Rex Pascual, “The world tourism has effectively stopped as the country closes its borders and protects its citizens from the pandemic. This was very clear in Europe’s major tourist destinations. It was also one of the countries that was hit hardest by the pandemic.”
During March, the symbiotic pandemic panic was fully powerful, with tourism in the UK dropping by 96%. Meanwhile, tourism in Italy fell 98%, with tourism collapsed to just 3% of the amount seen last year in Spain’s summer hotspots.
StockAppsYear-on-year reservation data
Regarding the worst hit in Europe, Pascual added: The height of European lockdowns has led to France’s bookings for popular accommodations down 99%, according to data presented by StockApps.com. Airbnb, Expedia and Booking.com compared to 2019. ”
The study also shows that even summer banquets are not sufficient to offset most of the damage caused by the virus, and there are limitations that portray a rather dark image of what the “new normal” looks like for the travel and tourism sector.
On the one hand, tourism in France and Spain has recovered from normal levels in June to just 13% and 16%. However, Italy is lagging behind, with its August peak still 44% below normal levels, with UK tourism experiencing the most modest recovery, with the August high still a normally 55% shortfall.
You might imagine these statistics as downbeats, but it’s hardly surprising given the years we all had. But what we need to worry about is a volatile developing market that relies heavily on consumer demand from both Western tourists and goods.
As Oxford professor Sunetra Gupta put it, “My main reason for being a vocalist (…) was my deep concern for people who are economically vulnerable in this country and worldwide. When I read the report that 260 million people go under the poverty line as a result of (lockdown), I find it frightening.”
“All outcomes need to be considered, and I think we need to take a more holistic view, not just this individual. Think globally and internationally.”
Nevertheless, it’s worth thinking. Blockades may save the lives of our loved ones, but the loss of commerce can also cost others.
