EIR – आवारा मुसाफिर

Travel & tourism set to break all records in 2024

April 5, 2024311 Views

Global GDP impact predicted to exceed $11 trillion in 2024 Unprecedented job numbers expected in the sector, says WTTC The World Travel & Tourism Council (WTTC) is projecting a record-breaking year for Travel & Tourism in 2024, with the sector’s global economic contribution set to reach an all-time high of $11.1 trillion. According to the global tourism body’s 2024 Economic Impact Research (EIR), Travel & Tourism will contribute an additional $770BN over its previous record, stamping its authority as a global economic powerhouse, generating one in every 10 dollars worldwide. As the global sector soars past its pre-pandemic prosperity, WTTC expects 142 countries of 185 analysed will be outperforming previous national records. In partnership with Oxford Econ...

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EU Travel & Tourism sector recovering strongly

AWARA MUSAFIR BUREAU

June 28, 2023645 Views

The World Travel & Tourism Council’s (WTTC) 2023 Economic Impact Research (EIR) today reveals the EU Travel & Tourism sector is forecast to reach 98% of the 2019 peak. The sector is set to contribute €1.44BN to the economy this year, edging close to the 2019 pre-pandemic high of €1.47BN. WTTC is also forecasting that the sector will create more than 687K jobs this year, recovering almost 90% of the jobs lost due to the COVID 19 pandemic to reach more than 22.4MN, with one in nine workers across the EU, in the Travel & Tourism sector. A look back on last year Last year, the Travel & Tourism sector’s GDP contribution grew by 40.5% to reach more than €1.37BN, representing 8.7% of the Bloc’s economy, edging closer to the 2019 high of 9.6% of the economy. ...

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International cities remain the backbone of global travel & tourism

AWARA MUSAFIR BUREAU

November 30, 2022854 Views

Latest WTTC report shows global cities’ sector recovery is well underway The World Travel & Tourism Council (WTTC) launched its Cities Economic Impact Report (EIR) at the 22nd Global Summit in Riyadh on Wednesday. Sponsored by Visa, the report shows cities remain the powerhouses of global tourism and will drive the recovery of the sector and economies around the world. The Cities EIR analyses 82 international city destinations and shows that prior to the pandemic major cities were popular travel destinations, accounting for almost half of all international visits, both as standalone destinations and as gateways to other tourism hotspots within countries. FILE PHOTO: The view from an upper floor of the Central Park Tower shows Times Square, lower center, the Empire State Build...

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France’s Travel & Tourism could surpass pre-pandemic levels in 2023

AWARA MUSAFIR BUREAU

May 26, 2022820 Views

Employment in the sector could also exceed 2019 levels next yearTravel & Tourism growth expected to outstrip France’s GDP The World Travel & Tourism Council (WTTC) has revealed the Travel & Tourism sector in France will propel the national economic recovery and could even surpass pre-pandemic levels next year, when it is projected to rise 2.2% above 2019 levels. The forecast from WTTC’s latest Economic Impact Report (EIR) shows the sector’s contribution to GDP could reach more than €216 billion by next year. Employment within the sector could also exceed 2019 levels, creating almost 90,000 additional jobs, representing nearly 2.8 million by the end of next year. FILE PHOTO: People walk past the Arc de Triomphe du Carrousel next to the Louvre museum on a sunny day i...