Tourism picks up
I nternational tourist arrivals increased by 58% in July-September, compared to the same period of 2020. This is still 64% below average 2019 levels and 76% below pre-pandemic levels, according to the UN World Tourism Organisation. The figure will stay at 70-75% below average 2019 levels for the remainder of 2021. Mobility restrictions, vaccinations, and traveler confidence have meant improvement in parts of Europe and the Americas during the third quarter of 2021, but arrivals in Asia-Pacific were down almost 95%. The tourism sector could lose $2 trillion this year, the same as in 2020.