WTTC Research Reveals Travel & Tourism Sector’S Contribution to Japan’s GDP Dropped by $138 Billion in 2020

WTTC | June 10, 2021

London, UK - June 10, 2021 -  The World Travel & Tourism Council’s annual Economic Impact Report (EIR) today reveals the dramatic impact COVID-19 had on Japan’s Travel & Tourism sector, wiping out $138 billion from the nation’s economy. The annual EIR from the World Travel & Tourism Council (WTTC), which represents the global Travel & Tourism private sector, shows the sector’s contribution to GDP dropped a staggering 37%. The Travel & Tourism sector’s impact on the nation’s GDP fell from USD$ 373.0 billion (7.1%) in 2019, to USD$ 234.9 billion (4.7%), just 12 months later, in 2020. The year of damag...