Seychelles tourism revenues down 61% in 2020 due to COVID, finance minister says

  • 2/16/2021
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NAIROBI, Feb 16 (Reuters) - Seychelles’ revenues from tourism fell 61% last year because of the effects of the COVID-19 pandemic, which cut tourist arrivals by 70%, its finance minister said on Tuesday. Seychelles’ economy relies heavily on tourism, which was hard hit in 2020 as COVID-19 led to travel restrictions worldwide to contain its spread. Finance Minister Naadir Hassan was quoted on state-run Seychelles News Agency as saying the sector’s 2020 revenues were down by about $322 million, with visitor numbers falling to 114,858 from 384,204 in 2019. Hassan said this in turn had led to tax revenue shortfalls in funding the 2021 budget of $519 million that he presented to parliament on Tuesday. That is smaller than a previous budget proposed in January of $566 million. The Indian Ocean archipelago has had 1,910 infections and eight coronavirus-related deaths reported in the country since the pandemic began, according to a Reuters tally. It began COVID-19 vaccinations in January. (Reporting by George Obulutsa, editing by Larry King)

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