Tsunami effect hits jobs and economies

The New Delhi based World Travel and Tourism Council (WTTC) has released its 2005 Travel & Tourism forecasts for 174 countries along with an assessment of the impact of the Indian Ocean Tsunami on the industry.

The tsunami created by the Boxing Day earthquake is expected to cost the affected countries in the region of US$3 billion with the loss of 250,000 jobs.

Speaking at the 5th Global Travel & Tourism Summit in New Delhi, WTTC executive vice president Richard Miller said: “In most cases the jobs lost after the tsunami will be recovered as soon as traffic begins to return to the affected areas, but in the meantime the economies will continue to suffer