The annual Economic Impact Report from the World Travel & Tourism Council reveals that the dramatic collapse of the sector in the UK has wiped out a staggering £148 billion from the economy.
Vast losses run up last year paint the first full picture of a sector struggling to survive in the face of crippling travel restrictions and unnecessary quarantines.
Greece is set to give the green light to holidaymakers from May 14th as the destination seeks to boost its tourism economy - a move that has been welcomed by the World Travel & Tourism Council.
The trade body has warned that nearly £27 billion will be lost from the UK economy if the government delays restarting international travel until May 17th.
While some businesses have already reported a surge in bookings following news of a gradual reopening, WTTC chief executive Gloria Guevara said delays could prove costly.
The World Travel & Tourism Council has sent an open letter to UK prime minister, Boris Johnson, urging him to support its recovery plan for the travel sector.
WTTC said it had taken the decision to move the event from March into April to coincide with the expected relaxation of travel restrictions and the beginning of the sector’s recovery.
The World Travel & Tourism Council is calling for governments to abandon the concept of ‘high-risk countries’ and instead focus on how individual ‘high-risk travellers’ are treated at borders.
World Travel & Tourism Council chief executive, Gloria Guevara, has praised the rollout of Covid-19 vaccines in the UK, arguing the programme will support the recovery of the hospitality sector.
The founding members of the board are former UNWTO secretary general, Taleb Rifai, and David Scowsill, a former leader of the World Travel & Tourism Council.
Industry experts have issued a series of dire warning about the likely impact of mooted plans to quarantine UK arrivals in hotels for up to ten days.