Downturn highlights how much London relies on tourism

More than a year of lockdowns and international travel restrictions has had a devastating effect on tourism, a sector that contributed almost $3 trillion to the world economy in the year before the COVID pandemic struck.

Among the biggest per capita losers have been small island nations whose economies are almost exclusively dependent on foreign visitors flocking to their resorts.

But the downturn has also affected the economy of major cities, where the contribution made by visitors from overseas is often dismissed as an afterthought.

Take the example of London. A trip to the United Kingdom’s capital has been on the wish list of a growing number of international travelers in recent years, with Chinese…

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