The World Travel & Tourism Council (WTTC) has revealed an estimate that losses to the travel and tourism sector caused by the situation in the Middle East could reach 600 million US dollars per day.
According to the WTTC, the suspension of flights, declining traveler confidence, and reduced connectivity between regions are having a significant impact on demand.
The Middle East accounts for 5% of all international arrivals and 14% of international transfer passengers worldwide. Middle Eastern aviation hubs such as Dubai, Abu Dhabi, Doha, and Bahrain normally handle around 526,000 passengers per day.
This situation is affecting travel demand across the globe, with repercussions for airports, airlines, hotels, car rental companies, cruise operators, and more. On the other hand, based on past cases, estimates indicate that tourism demand has the potential to recover within about two months following security-related incidents.
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