Tsunami cost to tourism far less than 9/11 attacks: industry leaders

Sri Lankan Police forming a human chain in parliament to protect the Speaker and enable a vote.

The impact of the tsunami disaster on tourism in 2005 will be about 40 times less than that of the September 11 attacks on the United States, industry leaders said Friday at the opening of the World Travel and Tourism summit. The impact of the tsunami disaster on tourism in 2005 will be about 40 times less than that of the September 11 attacks on the United States, industry leaders said Friday at the opening of the World Travel and Tourism summit. They said the tsunami will cost the tourism industry about three billion dollars in losses.

“Although the impact of the tsunami has been significant, it is generally limited to a short list of specific destinations,” Richard Miller, of the World Travel and Tourism Council, said before the opening of the industry’s fifth global summit.

Apart from the financial losses, the tragedy has cost more than 250,000 tourism jobs, Miller said.

This is much less, the industry said, than the economic devastation caused by the September 11, 2001 attacks on the United States which killed about 3,000 people and for which Al-Qaeda claimed responsibility.

“The impact of 9/11 in the United States was 37.5 times larger in monetary terms than the tsunami and 2.8 times larger in t