News > Global travel expected to fall 10.5% this year, worst on record

Global travel expected to fall 10.5% this year, worst on record

advertisement UPDATED: March 17, 2020 14:27 IST Representative Image International travel is expected to fall by as much as 10.5% this year, the biggest year-on-year drop as the rapid spread of coronavirus sows chaos across the tourism and leisure sector, according to industry consultancy Tourism Economics.The latest estimate is a big downgrade from two weeks ago, when the consultancy was using the 2003 SARS outbreak as its benchmark and estimated travel rates would fall by 1.5%.In a downside scenario, travel would drop as much as 17.9%, the company, which is part of Oxford Economics, said in a research note.