Are we there yet? Taking tourism forward... its complicated

Published: Dec. 8, 2022, 8:27 a.m.

b'For almost three years now, the tourism sector has been going through a really tough time. It was smashed by the COVID-19 pandemic and travel restrictions. After hitting 1.5 billion international tourist arrivals in 2019, international tourist arrivals worldwide plummeted by over 70%. It rebounded strongly in 2022 driven by pent up demand, household savings and the easing of travel restrictions \\u2013 the so-called \\u201crevenge spend\\u201d. But now the sector faces an uncertain outlook \\u2013 as the global economic slowdown and the fallout from Russia\\u2019s war in Ukraine brings new challenges. Tourism businesses are being hit by rising costs, and tight labour markets. The cost of living crisis is also putting pressure on household incomes and consumer spending. How can governments and businesses boost recovery in the short term and create a stronger, more sustainable tourism economy? \\n\\nHosts: Shayne MacLachlan, Jane Stacey\\nGuest: Sergio Gueirrero , Senior Director at Turismo de Portugal, Chair of the OECD Tourism Committee'