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Coronavirus will cost global tourism at least $1.2 trillion, UN agency warns
The world’s tourism sector could lose at least $1.2 trillion, or 1.5 per cent of the global gross domestic product (GDP), having been placed at a standstill for nearly four months due to the coronavirus pandemic, according to a report Wednesday from the United Nations Conference on Trade and Development.
The UNCTAD warned that the loss could rise to $2.2 trillion or 2.8 per cent of the world’s GDP if the break in international tourism lasts for eight months, in line with the expected decline in tourism as projected by the UN World Tourism Organisation (UNWTO).
UNCTAD estimates losses in the most pessimistic scenario, a 12-month break in international tourism, at $3.3 trillion or 4.2 per cent of global GDP.
Tourism is a backbone of many countries’ economies and a lifeline for millions of people around the world, having more than tripled in value from $490 billion to $1.6 trillion in the last 20 years, according to UNWTO.
But Covid-19 has brought it to a halt, causing severe economic consequences globally.
Prevailing lockdown measures in some countries, travel restrictions, reductions in consumers’ disposable income and low confidence levels could significantly slow down the sector’s recovery.
Even as tourism slowly restarts in an increasing number of countries, it remains at a standstill in many nations.
“These numbers are a clear reminder of something we often seem to forget: the economic importance of the sector and its role as a lifeline for millions of people all around the world,” UNCTAD’s director of international trade Pamela Coke-Hamilton was quoted in a statement, as saying.
“For many countries, like the small island developing states, a collapse in tourism means a collapse in their development prospects. This is not something we can afford.”
Developing countries could suffer the steepest GDP losses.
Jamaica and Thailand stand out, losing 11 per cent and 9 per cent of GDP respectively in the most optimistic scenario of UNCTAD’s estimates. Other tourism hotspots such as Kenya, Egypt and Malaysia could lose over three per cent of their GDP.
But the tourism sector in many rich nations will also feel the squeeze.
Popular European and North American destinations, including France, Greece, Italy, Portugal, Spain and the United States could lose billions of dollars due to the dramatic drop in international tourism, according to UNCTAD forecasts.
Impact on other sectors, jobs and wages
Travel and tourism account for a significant share of global GDP and more than half of many countries’ national income.
Coronavirus-induced losses in tourism have a knock-on effect on other economic sectors that supply the goods and services travellers seek while on vacation, such as food, beverages and entertainment.
UNCTAD estimates that for every $1 million lost in international tourism revenue, a country’s national income could decline by $2 million to $3 million.
The massive fall in tourist arrivals has also left a growing number of skilled and unskilled workers unemployed or with less income.
UNCTAD estimates show that in the worst-affected countries, such as Thailand, Jamaica and Croatia, employment for unskilled workers could decrease at double-digit rates even in the most moderate scenario.
In the case of wages for skilled workers, the steepest drops could be seen in Thailand (-12 per cent), Jamaica (-11 per cent) and Croatia (-nine per cent), in the optimistic case, doubling or tripling in the worst scenario.
The effects could be particularly negative for women, who are expected to be disproportionately affected by layoffs in tourism due to Covid-19, according to the report.
Women are more likely than men to be entrepreneurs in tourism and make up about 54 per cent of the workers in the accommodation and food services sectors.
And because many women in the sector work informally in low-skilled jobs, they are less likely to have unemployment benefits or other safety nets.
“This is why women are particularly hard hit in this crisis. And this is why policies that help protect the sector also protect the economic empowerment that many of these women have long fought for,” Coke-Hamilton said.
Maldives continues to suffer
The UNCTAD report shows that inbound tourism accounts for 58 per cent of the Maldives GDP.
The report, however, does not specify the impact of Covid-19 on Maldives tourism and its economy.
The coronavirus outbreak has hit the Maldivian economy hard, as travel restrictions and other preventive measures affect the country’s lucrative tourism industry, which contributes the bulk of the island nation’s state revenue and foreign reserves.
Before the pandemic, the government had been bullish about tourism prospects, targeting two million, high-spending holidaymakers this year after last year’s record 1.7 million.
However, only 382,760 tourists visited the Maldives before the country closed its borders on March 27. It was a 40.8 per cent decline over the 646,092 that visited the Maldives from January to March last year.
With arrival numbers falling, several resorts across the Maldives suspended operations.
Tourism has been the bedrock of the Maldives’ economic success. The $5 billion-dollar economy grew by 6.7 per cent in 2018 with tourism generating 60 per cent of foreign income.
However, the government is at present projecting a possible 13 per cent economic contraction this year — an estimated $778 million hit.
On March 8, Maldives reported its first cases of the novel coronavirus, as two hotel employees tested positive for Covid-19 at a luxury resort in the archipelago.
Eighteen more cases — all foreigners working or staying resorts and liveaboard vessels except five Maldivians who had returned from abroad — were later identified.
A six-case cluster of locals, detected in capital Male on April 15, confirmed community transmission of the coronavirus. Several more clusters have since been identified, bringing the total number of confirmed case in the Maldives to 2,382.
Ten deaths have been reported and 1,954 have made full recoveries.
The Maldives announced a state of public health emergency on March 12, the first such declaration under a recent public health protection law.
The public health emergency declaration allowed the government to introduce a series of unprecedented restrictive and social distancing measures, including stay-at-home orders in capital Male and its suburbs, a ban on inter-island transport and public gatherings across the country, and a nationwide closing of government offices, schools, colleges and universities.
Non-essential services and public places in the capital such as gyms, cinemas and parks were also shut.
Restaurants and cafes in the capital were asked to stop dine-in service and switch to takeaway and delivery.
A nationwide shutdown of all guesthouses, city hotels and spa facilities located on inhabited islands was also ordered.
These measures allowed authorities to contain the outbreak.
The restrictions are now being eased in phases, with the third phase kicking in from Wednesday.
The Maldives is also preparing to reopen its borders on July 15.
Recovery support needed
UNCTAD calls for strengthened social protection in the affected nations to prevent the worst economic hardship for people and communities that depend on tourism.
It urges governments to protect workers. Where some enterprises are unlikely to recover, wage subsidies should be designed to help workers move to new industries.
Governments should also assist tourism enterprises facing the risk of bankruptcy, such as hotels and airlines. One approach for financial relief is low-interest loans or grants, the report states.
In addition, UNCTAD calls on the international community to support access to funding for the hardest-hit countries.
Cover photo: Mihaaru News
Bandos Maldives recently marked a significant milestone with two of its most loyal guests, Kate and Andy, who have shared a long-standing connection with the island.
Andy achieved an impressive feat by completing his 900th dive, all undertaken with Dive Bandos. His wife, Kate, surpassed this accomplishment by reaching her 1000th dive, with over 900 of those dives also completed alongside the Bandos team.
The Dive Bandos team joined the couple in celebrating this memorable occasion, recognising not only their dedication to diving but also the enduring bond they have formed with the resort over the years.
Kate and Andy’s relationship with Bandos extends far beyond statistics. Having first visited the island in 2006, they have returned every year since, making Bandos an integral part of their lives. In 2014, the couple even chose to exchange their wedding vows underwater at the resort — a unique moment that forever linked their love story with Bandos.
“Celebrating guests like Kate and Andy reminds us of what Bandos truly represents,” said Ismail Rasheed, General Manager of Bandos Maldives.
For Bandos Maldives, moments such as these exemplify why guests continue to choose the island for both adventure and a sense of belonging. With stories like Kate and Andy’s, Bandos stands not merely as a dive destination, but as a home — both beneath and above the waves.
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InterContinental Maldives Maamunagau Resort marks Mental Health Day with Tai Chi for inner peace
As the seasons change, InterContinental Maldives Maamunagau Resort invites guests to slow down and reconnect with themselves through a tranquil wellness retreat. In observance of World Mental Health Day on 10 October, the resort will host an exclusive ‘Tai Chi for Internal Peace’ session led by visiting practitioner Thana Jindashotinun, followed by complimentary one-on-one consultations. Guests can also opt for the AVI Wellness Journey, a holistic programme featuring breathwork, meditation, yoga, and spa rituals inspired by the island’s serene natural surroundings.
Located on the southernmost tip of Raa Atoll, on the edge of a UNESCO World Biosphere Reserve, the InterContinental Maldives Maamunagau Resort provides an ideal setting to reset both mind and body. As the first and only all-Club InterContinental property in the Maldives, the resort combines five-star island luxury with exclusive Club InterContinental benefits. Guests can customise their stay across 81 villas and residences, seven restaurants and bars, and The Retreat, an adults-only enclave dedicated to relaxation. The resort’s AVI Spa offers an overwater sanctuary specialising in signature treatments and therapies.
Harmony healer Thana Jindashotinun will guide guests on their wellness journey from October to 30 November. Having begun practising Tai Chi at the age of eight to manage asthma, Thana has dedicated his life to mastering the art. Combining a background in psychology, anatomy, and Oriental medicine, his sessions integrate a range of disciplines, including Qi Gong, Meridian breathwork, yoga, postural assessment, and acupressure.
Guests will have the opportunity to join Thana’s signature class, ‘Tai Chi for Internal Peace’, on 10 October at 18:00 hrs at Lighthouse Beach. The class focuses on calming the nervous system through gentle movement and mindful breathing, aiming to ease anxiety, improve sleep, and restore inner balance. Following the session, participants will receive a complimentary 15-minute consultation to explore personalised wellness guidance.
Throughout his residency, Thana will also offer a variety of therapeutic experiences such as Yin Yang Bodywork, the EnerQi Massage for restoring inner harmony, and energy-focused treatments designed to promote deep relaxation and improved circulation. His Energy Detox Treatment is particularly aimed at revitalising the body’s natural rhythms and promoting a sense of renewal.
Complementing Thana’s offerings, guests can join regular wellness sessions with resident experts Zhazira Kurmangalina and Mett, including guided yoga, aerial yoga, meditation, and mat Pilates. For those seeking more active pursuits, the resort offers high-energy bootcamps, circuit training, and private personal training sessions.
The resort’s wellness philosophy extends to guests of all ages, with dedicated activities for teenagers such as Peace of Mind meditation and posture yoga at the Yoga Pavilion. Younger guests can take part in Muay Thai boxing, creative crafts, and Boduberu drumming workshops, while the Young Spa Ritual offers facials, massages, and body scrubs tailored for teens.
Visitors are encouraged to celebrate wellness throughout the season by participating in the resort’s holistic programmes and exclusive sessions with Thana Jindashotinun. From complimentary Tai Chi and meditation classes to bespoke therapies at AVI Spa, the resort presents an ideal opportunity to rejuvenate the mind, body, and spirit.
For a complete restorative experience, the AVI Wellness Journey offers guests a curated itinerary based on individual goals, including private yoga, meditation, and fitness sessions, spa treatments, and thermal suite access. The package also includes complimentary breakfast and dinner, use of non-motorised water sports, and Club InterContinental benefits such as afternoon tea and evening aperitifs. Extended stays come with added privileges—30% savings on seaplane transfers and meal plans for stays of four nights or more, and USD 50 daily resort credit for stays of seven nights or longer.
This October, InterContinental Maldives Maamunagau Resort reaffirms its commitment to wellbeing, inviting guests to embrace stillness, mindfulness, and renewal in one of the Maldives’ most serene settings.
JOALI Maldives, the Maldives’ first and only art-immersive resort, is set to welcome guests to a radiant festive season celebration under the theme ‘Rise & Shine’ — a tribute to joy, beauty, and inner light. Taking place from 21 December 2025 to 10 January 2026, the Raa Atoll retreat will transform into a celestial haven of creative expression, blending art, culture, and wellbeing experiences inspired by the resort’s Joy of Creative Living philosophy.
“Each festive season, our goal is to create an atmosphere that uplifts and inspires,” said Shifaz Hassan, General Manager of JOALI Maldives. “With this year’s Rise & Shine theme, we invite guests to reconnect with loved ones, express their creativity, and celebrate the holidays surrounded by the island’s natural beauty.”
The celebration will encompass culinary artistry, interactive workshops, family adventures, and world-class fitness programmes led by visiting experts.
Visiting Experts:
- Chef Nina Tarasova, the acclaimed pastry chef, will return to host her signature Russian Voyage Wine Dinner — a multisensory journey through traditional flavours and curated wine pairings.
- Dr. Sanket Yadahalli, a respected wellness practitioner, will conduct transformative sessions in breathwork for pain relief alongside Pranayama Renewal classes designed to restore energy and balance.
JOALI Maldives’ Rise & Shine celebrations will feature a dynamic array of experiences across its restaurants and creative spaces:
- Culinary Events: Guests can savour themed dining experiences including A Taste of Japan at Saoke, Indian Ocean Voyage, and the Mediterranean-inspired Levantine Dream. Curated cocktail evenings such as Once Upon a Sake, Old World Wine Dinner, and Theatre of Gin will complement indulgent festive feasts for Christmas Eve, Christmas Day, New Year’s Eve, Orthodox Christmas and beyond.
- Art, Culture & Creativity: The resort’s immersive art spaces will host celestial pottery classes, wooden craft workshops, starry night painting sessions, and festive embroidery workshops at the JOALI Art Studio. Sustainability takes centre stage with coral nursery tours and reef restoration projects like Christmas Corals, reflecting JOALI’s ongoing commitment to marine conservation.
- Wellbeing & Movement: The resort will offer a holistic wellbeing schedule featuring Lunar Glow meditations, Qi Flow, HIIT Challenge, a Padel Tournament, and Sunrise Bootcamp. Guests may also book night snorkelling adventures, Primal Flow, and Core Connect sessions.
- For Families & Young Explorers: Under the enchanting theme “Stardust & Sparkle”, the Muramas Kids Club will curate daily programmes for younger guests — from Christmas tree decorating and mocktail mixology to galactic kite flying and star map painting — guided by Pico the Heron, the resort’s beloved festive mascot.
Beloved traditions will return, including the lighting of the Holiday Tree, the unveiling of the Gingerbread House, and the eagerly anticipated arrival of Santa Claus. Guests can enjoy festive favourites such as the Christmas Scavenger Hunt, a Football Tournament, and the dazzling New Year’s Eve Starlight Gala — a night of fireworks, live entertainment, and fine dining. The celebrations will also include My Maldives, an elegant cocktail reception where guests can toast the season alongside JOALI’s leadership team.
Guests can experience the festivities from one of 73 beach and over-water villas, ranging from one to four bedrooms, each attended by a personal Jadugar (meaning “skilled magician”). Villa rates start from USD 5,851 per night based on two guests sharing a Water Villa with Pool on a bed-and-breakfast basis.
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