“The determination of governments to both support tourism and now restart tourism is testament to the importance of the sector.” UNWTO Tourism Coronavirus
As many destinations begin to ease restrictions on travel, the specialised United Nations agency has released its first Briefing Note on Tourism and COVID-19, illustrating efforts taken to safeguard jobs and lay the foundations for recovery.
Of the 220 countries and territories assessed as of 22 May, 167 have reported taking measures aimed at mitigating the effects of the crisis. Of these, 144 have adopted fiscal and monetary policies, while 100 have taken specific steps to support jobs and training, both in tourism and other key economic sectors.
UNWTO found that the most common form of economy-wide stimulus packages adopted by governments focus on fiscal incentives, including exemptions or deferrals of taxes , as well as providing emergency economic assistance and relief to businesses through monetary measures such as special credit lines at reduced rates, new loan schemes and state banking guarantees aiming at address liquidity shortage.
In addition to a general overview, the Briefing Note takes a closer look at all tourism specific measures implemented by countries and showcases examples of fiscal and monetary measures, initiatives to protect jobs and promote training and skills, market intelligence initiatives and public-private partnerships, as well as restarting tourism policies.
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