{"id":15796,"date":"2020-07-18T12:16:23","date_gmt":"2020-07-18T07:16:23","guid":{"rendered":"https:\/\/www.vosa.tv\/?p=15796"},"modified":"2020-07-18T12:16:23","modified_gmt":"2020-07-18T07:16:23","slug":"tourism-investments-down-by-3t-in-2020-due-to-pandemic","status":"publish","type":"post","link":"https:\/\/www.vosa.tv\/eng\/archives\/15796","title":{"rendered":"Tourism investments down by $3T in 2020 due to pandemic"},"content":{"rendered":"<p><strong>ISTANBUL\u00a0<\/strong><\/p>\n<p>Investments in tourism have dropped by $3 trillion worldwide in 2020 due to the pandemic, according to the World Tourism Forum Institute.<\/p>\n<p>The figure is down to $2 trillion from $5 trillion annually, said Bulut Bagci, head of the institute.<\/p>\n<p>The pandemic caused over 80% losses in the tourism sector, he said.<\/p>\n<p>The novel coronavirus, which appeared in China last December, has spread all around the world and caused severe economic problems, affecting especially the travel and tourism sectors deeply.<\/p>\n<p>Bagci said many countries&#8217; economies rely on tourism and it affects hundreds of sectors directly.<\/p>\n<p>If the vaccine is found or the pandemic ends, the year 2021 will be ripe for investment in the tourism sector.<\/p>\n<p>He said he expects investments worth $7-8 trillion.<\/p>\n<p>He added that the US is the biggest investor in the tourism sector, followed by China, France, Germany, and Spain.<\/p>\n<p>Turkey entered this field in 1983 and spurted in the 2000s, he recalled.<\/p>\n<p>&#8220;There were very good investments in tourism, our facilities are so new.&#8221;<\/p>\n<p>The US is also the first country with $230 billion tourism income, followed by Spain ($75 billion), France ($70 billion) Thailand, and the UK (both $65 billion), he said.<\/p>\n<p>Turkey&#8217;s tourism income was $34.5 billion last year with 44.7 million visitors, a three-fold increase from the year 2002, he recalled.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ISTANBUL\u00a0 Investments in tourism have dropped by $3 trillion worldwide in 2020 due to the pandemic, according to the World Tourism Forum Institute. The figure is down to $2 trillion from $5 trillion annually, said Bulut Bagci, head of the institute. The pandemic caused over 80% losses in the tourism sector, he said. The novel [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":14590,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1466,7],"tags":[],"class_list":["post-15796","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-environment","category-lifestyle"],"_links":{"self":[{"href":"https:\/\/www.vosa.tv\/eng\/wp-json\/wp\/v2\/posts\/15796","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vosa.tv\/eng\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vosa.tv\/eng\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vosa.tv\/eng\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vosa.tv\/eng\/wp-json\/wp\/v2\/comments?post=15796"}],"version-history":[{"count":1,"href":"https:\/\/www.vosa.tv\/eng\/wp-json\/wp\/v2\/posts\/15796\/revisions"}],"predecessor-version":[{"id":15797,"href":"https:\/\/www.vosa.tv\/eng\/wp-json\/wp\/v2\/posts\/15796\/revisions\/15797"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vosa.tv\/eng\/wp-json\/wp\/v2\/media\/14590"}],"wp:attachment":[{"href":"https:\/\/www.vosa.tv\/eng\/wp-json\/wp\/v2\/media?parent=15796"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vosa.tv\/eng\/wp-json\/wp\/v2\/categories?post=15796"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vosa.tv\/eng\/wp-json\/wp\/v2\/tags?post=15796"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}