According to the United Nation's World Tourism Organization (UNWTO)1, 2020 was the worst year in tourism history. Approximately 1 in 10 people worldwide work in the tourism sector. The impact of the pandemic has put 100-120 million jobs at risk, with an estimated $1.3 trillion loss in export revenue due to international tourist arrivals decline of -87% percent in January 2021 (Asia and the Pacific -96%). According to the UNWTO's estimates, it will take the industry between 2.5 and 4 years to return to pre-pandemic levels of international tourist arrivals.
The MVIS BlueStar Travel and Vacation Index (ticker: BTOUR), an index providing exposure to the global tourism industry, fell by -50% (USD Net Total Return) during Q1 2020, but has since recovered with YTD performance +92% (USD Net Total Return) ending 18 May 2021.
"This crisis is an opportunity to rethink the tourism sector and its contribution to the people and planet; an opportunity to build back better towards a more sustainable, inclusive and resilient tourism sector that ensure the benefits of tourism are enjoyed widely and fairly." said Zurab Pololikashvili (UNWTO Secretary-General).
MVIS BlueStar Travel and Vacation Index
18/05/2020-18/05/2021
Source: MV Index Solutions. All values are rebased to 1,000. Data as of 18 May 2021.
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