The crash in international tourism due to the coronavirus pandemic could cause a loss of more than $4 trillion to the global GDP for the years 2020 and 2021.
Mastercard and LATAM Airlines Group announced today they have signed a seven-year agreement that seeks to enhance the travel experience for passengers around the world. 
The global vacation rental market is expected to grow by USD 62.97 billion during 2020-2024, progressing at a CAGR of almost 7% during the forecast period. 
The latest research compiled by the World Travel & Tourism Council (WTTC), reveals that more than two million jobs could be created if international travel reopens before the busy summer period. 
While domestic tourism has found a boost from the vacation segment, the story of the recovery of international travel is beginning to be written with vaxication.
The World Travel & Tourism Council (WTTC) has revealed the U.S. travel and tourism sector suffered a significant loss of $766 billion in 2020.
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