Saudi Arabia Calls for G20 Summit to Combat Coronavirus

People walk near a banner with an instruction on personal hygiene, following the outbreak of coronavirus, at a street in Riyadh, Saudi Arabia, March 16, 2020. (Reuters)
People walk near a banner with an instruction on personal hygiene, following the outbreak of coronavirus, at a street in Riyadh, Saudi Arabia, March 16, 2020. (Reuters)
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Saudi Arabia Calls for G20 Summit to Combat Coronavirus

People walk near a banner with an instruction on personal hygiene, following the outbreak of coronavirus, at a street in Riyadh, Saudi Arabia, March 16, 2020. (Reuters)
People walk near a banner with an instruction on personal hygiene, following the outbreak of coronavirus, at a street in Riyadh, Saudi Arabia, March 16, 2020. (Reuters)

Saudi Arabia called on Tuesday for holding an extraordinary virtual meeting for the leaders of the G20 to combat the new coronavirus pandemic.

Saudi Arabia, which chairs the Group of 20 major economies, said next week’s summit aims “to put forward a coordinated set of policies to protect people and safeguard the global economy.”

The Kingdom said it was in constant contact with the G20 members to hold the meeting, stressing that the global health crisis and its consequent humanitarian, economic and social impact demand a global response.

The G20 will work with international agencies in order to ease the impact of the pandemic, it added.

The coronavirus has infected 171 people in Saudi Arabia as of Tuesday.

Gulf states have registered more than 1,000 infections, many linked to travel to neighboring Iran, which is an epicenter for the outbreak in the Middle East.

The virus has infected more than 187,000 people, while the death toll was more than 7,400. There have now been more cases and deaths outside mainland China, where the virus emerged, than inside.



Travel Industry to Contribute Record $11 Trillion to Global GDP in 2024

Tourists check a souvenir stand while walking around the Grand-Place square, in central Brussels, Belgium, 31 August 2024. (EPA)
Tourists check a souvenir stand while walking around the Grand-Place square, in central Brussels, Belgium, 31 August 2024. (EPA)
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Travel Industry to Contribute Record $11 Trillion to Global GDP in 2024

Tourists check a souvenir stand while walking around the Grand-Place square, in central Brussels, Belgium, 31 August 2024. (EPA)
Tourists check a souvenir stand while walking around the Grand-Place square, in central Brussels, Belgium, 31 August 2024. (EPA)

A record $1 out of every $10 spent globally in 2024 will be on travel as people briskly book hotels, cruises and flights, according to an annual report by the World Travel and Tourism Council, a non-profit membership organization.

The travel and tourism industry's contribution to global gross domestic product is expected to reach new heights as consumers increasingly see travel as an essential part of their budgets.

The WTTC estimates the industry's contribution to global GDP in 2024 will increase 12.1% year-over-year to $11.1 trillion, making up 10% of global GDP. This represents about a 7.5% increase from the previous record set in 2019.

"Despite some concerns last year about us going into a global recession and high inflation, this year we are looking at travel and tourism being a real economic powerhouse globally," said Julia Simpson, CEO of the non-profit organization.

Travel spending in the US, Chinese and German economies is expected to contribute the most to GDP.

The sector is expected to support nearly 348 million jobs in 2024, or 13.6 million jobs more than in 2019, the previous record prior to the pandemic. The industry is still hiring to fill jobs in the rapidly expanding field.

In the United States, there are currently 1 million job openings across the leisure and hospitality industry, according to the US Travel Association. Total employment supported in the US was about 27 million jobs in 2023, according to the WTTC.