The World Travel and Tourism Council (WTTC) has revealed that the United Kingdom’s economy lost around £7bn due to ineffective rules imposed in a bid of the government to halt the spread of the Omicron variant.
In a press release issued on February 8, 2022, WTTC claims that due to travel restrictions, the contribution of the Travel and Tourism sector to the global economy was about £25.7 billion lower than it should have been if the existing restrictions weren’t imposed, VisaGuide.World reports.
According to this analysis, the travel restrictions that were imposed from the end of 2021 when the new COVID-19 variant Omicron was detected until January 2022, did not stop the spread of Omicron.
In 2020, the WTTC issued a report that revealed that 307,000 travel and tourism jobs were lost due to the Coronavirus situation, leaving in a difficult situation many people.
Commenting on the figures unfolded by the WTTC, its President & CEO, Julia Simpson, said that the UK needs to keep its borders open to start repairing the economy as travel is also opening up around the world.
“Imposing unnecessary travel restrictions to ‘deal’ with Omicron was not backed by science and cost the UK economy £7bn in lost revenues,” she also noted in this regard.
Before the pandemic put all travel to a halt, the Travel and Tourism sector generated nearly $ 9.2 trillion for the global economy.
The WTTC also brings up data from the Economic Impact Report of 2021, according to which the number of employees in the UK’s Tourism and Tourism sector went down from 4.27 million in 2019, which means a decrease of 7.2 percent, compared to 2020, which was 3.96 million.
Recent research conducted by the World Travel & Tourism Council shows that the global Travel & Tourism could increase to $8.6 trillion this year, just 6.4 percent behind pre-pandemic levels.
WTTC also announced that the impact of travel restrictions for almost two years is still growing in both the sector and the economy.
“The following year, the pandemic brought the sector to an almost complete standstill, causing a massive 49.1 percent drop, representing a severe loss of nearly $4.5 trillion,” WTTC’s research has found.
The same emphasizes the need for the Travel and Tourism sector’s rebounding, noting that the sector is a vital contributor and responsible for creating hundreds of thousand jobs in the country.