Hong Kong Tourism Worst Affected in the World: Compare Market Research

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A new study by Australian company Compare the Market has identified Hong Kong as the destination most affected by pandemic-induced border closures, quarantine rules and the threat of infection, with a 75% drop in performance. the tourism industry from 2019 to 2020.

Hong Kong’s travel and tourism sector contributed just 3% to GDP in 2020, down from 12% – or $45 billion – in 2019.

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In the study’s ranking of the best and worst performers of tourism, Ireland came in second with a 71.4% drop in tourism year-on-year, while Fiji rounded out the top three. first with a 65.9% drop in national and international travel. .

Of the 45 countries surveyed, 23 saw their travel industry’s contribution to national GDP halved in a single year or more.

Most of the island nations analyzed, such as Fiji, the Bahamas, the Maldives and the Philippines, were able to maintain their industry’s contribution to national GDP above 10% despite declining tourism performance.

At the other end of the scale, the Brazilian tourism industry was the least affected, dropping from 7.7% in 2019 to 5.5% in 2020.

India came second with a total decline of 31.9% year-on-year, while Chile’s tourism industry fell from 9.9% of national GDP in 2019 to 6.6% in 2020.

New Zealand, the United States and Australia were among those able to minimize the damage of the pandemic and keep the decline below 50%. Compare the Market recognizes the surprising result of these countries, as they were among the first to implement restrictions on global air travel in early February 2020.

Domestic tourism may have helped to mitigate the effects of the suppression of international traffic, although domestic campaigns have also been hampered by the closure of internal borders, Compare the Market explained.

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