Iranian Tourism Industry’s Covid Losses Upwards of $1b

Iran’s tourism industry has suffered 320.94 trillion rials ($1.14 billion) in losses due to the Covid-19 pandemic as of February 2020 until the spring of the current fiscal year (started March 21), a new report by Iran Chamber of Commerce, Industries, Mines and Agriculture said.
Accommodations (hotels, guesthouses, etc.) suffered the highest losses worth 284.43 trillion rials ($1 billion), accounting for 88.6% of all losses in the tourism industry.
Travel agencies followed with 10.83 trillion ($38 million), amounting to 3.4% of total losses.
Iranian hotels have suffered over 200,000 billion rials ($714 million) in losses during the coronavirus pandemic, according to the president of the Iranian Hoteliers Society.