Mexico says tourism could lose $782 million from Canada’s flight suspension, Reuters reported.
As of Sunday, January 30, Canada’s Prime Minister Justin Trudeau has placed a travel ban to Mexico and Caribbean destinations until April 30.
Photo: Courtesy of United Nations, ECLAC Covid-19 response
According to the Economic Commission for Latin America and the Caribbean ( ECLAC) COVID-19 response document, there is a severe decline in international tourism.
According to the document, tourism accounts for half services exports in Latin American and the Caribbean and represents significant shares of gross domestic product and employment. The slump in tourism may cause total GDP growth in the Caribbean and Latin America to fall by 8 percentage points and 1 percentage points. Employment can decline by 7 percentage points in the Caribbean and 1 percentage point in Latin America.
Photo: Courtesy of UNWTO
According to the UN World Tourism Organization, globally there was 1 billion fewer arrivals in 2020. UNWTO conducted a global survey among its panel of tourism experts on the impact of COVID-19 on tourism and the expected time of recovery. The prediction for the Americas rebound in international tourism would bounce back by 30% in 2021 and 58% by 2022.
Tourism Minister of Mexico, Miguel Torruco made an estimate that there could be up to 791,000 fewer tourists as a result of the suspension Canada imposed. According to the Minister, Canada could also miss out on 372,000 Mexican visitors and $368 million in lost revenue as a result of the recent flight ban.
Mexico has not suspended flights to Canada. Aeromexico will halt flights to Canada from the second week of February until the end of April.
According to the Ministry, compared to 2019, travel to Mexico from Canada has dropped by 61.3%.
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