Top Business News websites have revealed that COVID-19 has caused one of the biggest economic crises to Mankind. The whole world is quarantined and strict actions are being taken against anyone violating this rule.
Secretary-general UNTWO told Top Business News reporters that COVID-19 has caused big damage to all sectors, but the tourism sector is deeply affected by this epidemic.
World Tourism Organization further added that Millions of employees will lose their job due to a decrease in companies’ profit. The tourism industry is in great risk and countries like Macao, Maldives, and Aruba will face a lot of problems as their economy depends mainly on tourism. The Maldives alone earns 2billion dollars per year.
Airlines have been closed and all businesses related to tourism.
Almost 120 countries have shut down their borders to tourists including all superpowers. The shutdown started in January 2020 and all countries are implementing a complete ban to avoid any further spread of disease.
COUNTRIES RESPONSE TOWARDS COV-19 PANDEMIC:
According to today’s business news headline, there are a total of 2196109 cases in the world.
In response to this condition, international organizations made strict laws to avoid further spread, similarly many countries have shut down their borders, airlines, and railways.
COVID-19 has caused deep damage to tourism and travel.
America and Europe have respectively followed the rule of restriction.
All countries have adopted four main types of restrictive measures since this problem arose. These are complete or partial closing of borders as well as total or partial closure of travel airlines.