Asian countries are heading towards a massive hit on tourism revenue estimated to 10 to 34 percent

Asia takes the lion's share of Chinese tourists' consumption with 54% of the total. The Americas ranked second, accounting for 24%, followed by Europe with 13%. China has kept its leading position in the global tourism market since 2012 with outbound tourists spending almost $ 277 Bn in 2018, around 20 percent of the world’s total spending on tourism, as per data from statista