Russia’s war in Ukraine is a humanitarian catastrophe. It is also sending shockwaves through the global economy. The tourism sector, which directly accounts for nearly 7% of jobs in the OECD is likely to be among the hardest hit – again. How can policy makers address this new crisis?
In March 2020, the global tourism industry shuddered to a halt. Travel corridors closed. Stations and airports emptied. Suitcases were stored away. A year and a half later, the outlook for tourism – and the many jobs that depend on it – remains uncertain.