In 2019, international tourist arrivals reached 1.5 billion, a 4% increase over 2018, consolidating a ten-year record where tourism grew faster than the world economy as a whole. Domestic tourism added a further 8.8 billion arrivals. The sector generated $1.5 trillion in exports and employed one in ten people directly or indirectly.
Tourism came to a standstill in mid-March 2020. International tourist arrivals decreased by 56 per cent in the first months of the year, with numbers in May down by 98 per cent. This translates into a loss of nearly $320 billion in exports – over three times what was lost during the whole of the 2009 global economic crisis.
Continue reading “World Tourism Day 2021: How COVID-19 has Impacted the Economy”
The World Tourism Day is being celebrated on 27 September 2021. Tourism is one of the world’s most important economic sectors. It employs one in every ten people on Earth and provides livelihoods to hundreds of millions more. For some countries, it can represent over 20 percent of their GDP.
It allows people to experience some of the world’s cultural and natural riches and brings people closer to each other, highlighting our common humanity.
Continue reading “World Tourism Day 2021: Roadmap to Transform Tourism by Tackling 5 Priority Areas”
From 27 June to 18 September, Mauritian youth have worked together in the FIRST Global Challenge, innovating solutions to strengthen their communities through STEM.
From social projects to miniature satellites to robot design, the non-profit FIRST Global is launching its latest season for teenagers from around the world, this year to develop solutions to problems the COVID-19 pandemic presented. FIRST Global, which ignites a passion for STEM in youth worldwide to inspire the next generation of problem solvers and innovators, announced the start of the 2021 FIRST Global Challenge — the fifth iteration of its global Olympics-style robotics event.
Continue reading “FIRST Global is Uniting Mauritian High Schoolers to Solve Global Challenges from the Pandemic”
A unanimous approach can eliminate the two factors hindering the growth and development of entrepreneurship in the world.
There will always be challenges in any entrepreneurial activity since entrepreneurship at its core is meant to address the pressing and hard-to-resolve issues of the market. However, some markets are known to have inherent challenges that come in the way of aspiring entrepreneurs even before they can dream of building a successful startup. It is often hard to overcome such limitations, but not impossible. The two factors mentioned below explore the intrinsic issues faced by aspiring entrepreneurs and their implications on the development of entrepreneurship in the country.
Continue reading “Environmental Factors Preventing Aspiring Entrepreneurs From Becoming One”