Disaster in the Making for the UK Economy
The World Travel & Tourism Council (WTTC) has warned that nearly £27 billion will be lost from the UK economy if the government delays restarting international travel until May 17.
The date was set by Prime Minister Boris Johnson when he unveiled the highly anticipated roadmap out of lockdown earlier this week.
According to the government’s roadmap, two households will be able to mix outdoors from March 29 and WTTC believes this should signal the restart of safe international travel.
Resuming international travel by just seven weeks earlier, to coincide the Easter holiday break, could save struggling Travel & Tourism businesses up and down the country and provide a much-needed economic boost to the economy.
WTTC, which represents the global Travel & Tourism private sector, fears delaying the revival of international travel for another seven weeks, will hasten the further slide into collapse of a sector which contributes £200 billion annually to the UK economy, and is responsible for almost four million jobs.
The loss of almost £27 billion represents a damaging daily drain to the UK economy of more than £550 million, which can be counted in lost jobs and failed businesses up and down the country.
While WTTC applauds the government’s highly successful vaccine rollout, the global tourism body has called upon the Prime Minister to give greater clarity about what May 17 will look like, so that Travel & Tourism businesses can prepare for the restart and consumers book with confidence.
WTTC has consistently argued that international travel can safely resume with a comprehensive, coordinated international regime for testing upon departure and arrival for travellers.
Testing should be in place alongside the global vaccine rollout, enhanced health and hygiene protocols, and mostly importantly, mandatory mask wearing, which experts say can cut down transmission of the virus by more than 80%, to safely revive international travel. Additionally, the introduction of digital health passes or certificates will support the recovery.
These measures should render unhelpful and counterproductive blanket quarantines completely unnecessary and remove the need for haphazard and confusing air corridors, which further saps the confidence to travel.