摘要: |
Looking across the passenger travel industry, GovTravels keynote Kurt J. Ekert, President and CEO of CWT, examined the impacts of the pandemic on the industry and the government traveler. "If you turn the clock back to 2019, travel and tourism as an industry globally accounted for an amazing 10 percent of global GDP [Gross Domestic Product] and nearly 15 percent of global employment. In fact, in many less developed markets, travel and tourism often accounts for more than half of the employment sector in total," stated Ekert. "With the onset of COVID, we've seen about 90 percent of business travel basically stopped around the world, starting in March of last year. And, even today, a year into the pandemic, we still only see global business and government travel transacting at about 15 percent of pre-COVID levels. And this is due obviously to the massive restrictions and quarantines and the health and safety issues that are so prevalent in these times." The far-reaching impacts of the pandemic were felt in job losses, lost revenues, and in other measures such as a reduction in the amount of airline seats being offered. In comparison to the impacts of two other modern-day crises-the 9/11 attacks and the 2008-2009 financial crisis-on the travel industry, the impact of COVID in 2020 was 10 times the impact in terms of volume of those two events combined. |