Economic Impact research – आवारा मुसाफिर

Domestic tourism leads Indian travel sector’s recovery

July 1, 2024225 Views

But, return of international visitor spend yet to recover The World Travel & Tourism Council’s (WTTC) 2024 Economic Impact Research (EIR) reveals a significant recovery of India’s Travel & Tourism sector, with domestic tourism playing a pivotal role. The data shows that whilst domestic tourism is driving the recovery of the sector in India, international travel spend remains below pre-pandemic levels. According to the global tourism body’s latest research, the sector’s contribution to India’s GDP reached just over INR 19.13TN in 2023 – almost 10% ahead of 2019 levels. Employment in Travel & Tourism grew by 10% to reach just under 43MN, 8% more than in 2019. Domestic visitor spending was 15% ahead of 2019, reaching INR 14.64TN however international visitor sp...

खबरनामाट्रैवल उद्योग

Landmark environmental research disclosed for 185 countries

AWARA MUSAFIR BUREAU

October 25, 2023585 Views

Sustainable Tourism Global Center and WTTC unveil pioneering global research on travel & tourism In a defining moment for the global Travel & Tourism sector, the World Travel & Tourism Council (WTTC) and the Sustainable Tourism Global Center (STGC) initiated by the Ministry of Tourism of Saudi Arabia have released the latest industry-shaping Environmental Impact Research data. Last year, during the WTTC Global Summit in Riyadh, the two organizations launched the collaboration and unveiled the inaugural results including the sector’s accurate greenhouse gas emissions for the first time ever. This represents the most comprehensive environmental data in Travel & Tourism’s history. Ahmed Al Khateeb, Minister of Tourism of Saudi Arabia, said on the occasion, “...

खबरनामाट्रैवल उद्योग

Travel & Tourism to witness major resurgence due to Chinese travellers

AWARA MUSAFIR BUREAU

September 25, 2023773 Views

# Sector set to contribute $1.48TN to the Chinese economy# Jobs anticipated to reach 106MN in next ten years# Huge surges in inbound and outbound passengers to and from China The World Travel & Tourism Council (WTTC), has shed light on the substantial resurgence of China’s Travel & Tourism sector. According to WTTC’s latest Economic Impact Research, China’s Travel & Tourism sector is predicted to contribute $1.48TN to the national economy by the end of 2023, up over 150% from 2022, when the sector contributed $583BN to the economy. Ten years from now, WTTC forecasts that the sector will contribute over $4TN to China’s economy, demonstrating remarkable growth, outpacing global CAGR by almost 2:1. The global tourism body is also forecasting that the sector will su...

खबरनामाट्रैवल उद्योग

More than 1.6MN Travel & Tourism jobs set to be created in India this year

AWARA MUSAFIR BUREAU

June 23, 2023630 Views

The World Travel & Tourism Council’s (WTTC) 2023 Economic Impact Research (EIR) has revealed that India’s Travel & Tourism sector is in strong recovery and will be within touching distance of the pre-pandemic peak this year. Speaking to Ministers at the G20 Summit in India, Julia Simpson, WTTC President & CEO, highlighted the sector’s resilience, growing at twice the rate of GDP not only in India, but across all G20 nations. WTTC research forecasts Travel & Tourism contributing INR 16.5TN to the Indian economy this year, just 3.5% below 2019. The sector is forecast to create over 1.6MN more jobs this year, recovering almost all of the jobs lost due to the COVID-19 pandemic to reach almost 39MN, with around one in 13 workers in India in the Travel & Tourism...

अमेरिकाखबरनामाट्रैवल उद्योग

US travel & tourism sector set to reach record-breaking high this year

AWARA MUSAFIR BUREAU

April 29, 2023857 Views

# Set to contribute more than $2.2TN to the economy this year # Travel & Tourism contributes one in every 10 jobs # International visitor spend up more than 150% from last year The World Travel & Tourism Council’s (WTTC) 2023 Economic Impact Research (EIR) has revealed that the U.S. Travel & Tourism sector is forecast to exceed the 2019 peak this year. The sector is set to contribute $2.24TN to the U.S. economy this year, surpassing the 2019 pre-pandemic high of $2.17TN. WTTC is also forecasting that the sector will create more than 1.2MN jobs this year, recovering almost all of the jobs lost due to the COVID-19 pandemic to reach 17.4MN. FILE PHOTO: People spend time on the black sand beach at Waianapanapa State Park in Hana, Hawaii, on Sept. 24, 2014. (AP...