WTTC – Page 4 – आवारा मुसाफिर

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

April 29, 2023844 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...

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Global Travel & Tourism Catapults into 2023 Says WTTC

AWARA MUSAFIR BUREAU

April 27, 2023787 Views

# GDP contribution 5% off 2019 peak by the end of 2023 # Almost 22 million more Travel & Tourism jobs last year # International visitor spend up more than 80% The World Travel & Tourism Council’s (WTTC) 2023 Economic Impact Research (EIR) shows that the Travel & Tourism sector is closing in on its 2019 peak, recovering by more than 95%. In 2023, the sector is forecast to reach $9.5TN, just 5% below 2019 pre-pandemic levels when travel was at its highest. 34 countries have already exceeded 2019 levels. According to the research conducted by WTTC in collaboration with Oxford Economics, the global tourism body also forecasts that the sector will recover to 95% of the 2019 job level. A look back on last year Last year, despite the economic an...

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WTTC unveils world-first global Travel & Tourism’s water footprint

AWARA MUSAFIR BUREAU

March 24, 2023547 Views

Sector’s total water footprint less than 1% of the global total; water intensity reduced by a fifth The World Travel & Tourism Council (WTTC) and the Saudi-based Sustainable Tourism Global Center have unveiled groundbreaking new data detailing the total water usage of the global Travel & Tourism sector. In one of the largest research projects of its kind, WTTC can for the first time ever, accurately report and track the impact the sector has on the environment. The findings were launched today at the United Nations in New York at the UN 2023 Water Conference. Direct Water Use Speaking at the UN Headquarters, Chris Imbsen, Director of Sustainability at WTTC, revealed that Travel & Tourism’s entire water footprint is just 0.6% of the global water use according...

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Leisure industry faces huge gender imbalance

AWARA MUSAFIR BUREAU

February 24, 2023979 Views

Only 7% of CEO and chair positions are held by women Casino and entertainment industry showing steady progress Positive change is possible with legislation and accountability New research looking at Publicly listed companies has revealed that the leisure industry is facing a major diversity disparity, with only 7% of the top spots held by women, a stark contrast to the 50-50 gender balance of the overall workforce. The first report of the series, “The numbers behind women in leadership: Leisure”, which was carried out by private advisory firm Aptamind Partners and is supported by the World Travel & Tourism Council (WTTC),drew on publicly available data from the world’s largest hotel groups, casinos and entertainment companies, shows that the gender gap widens the higher ...

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Beijing set to become World’s largest travel & tourism city destination

AWARA MUSAFIR BUREAU

February 16, 20231059 Views

Cities Economic Impact Report analysed 82 cities around the world including four major Chinese metropolises Research by the World Travel & Tourism Council (WTTC) has revealed that within the next decade, Beijing will overtake Paris to become the world’s largest Travel & Tourism city destination. The report, sponsored by Visa and researched in partnership with Oxford Economics, ana-lysed key indicators such as Travel & Tourism’s contribution to GDP, employment and traveller spend. But while long term the outlook for a number of Chinese cities looks positive, prolonged travel restrictions and border closures slowed down the recovery in the short term. Woman tourist walking in Wangfujing food street at Beijing, China. Copyright (c) 2017 Maridav/Shutterstock WTTC st...

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Tourists travelling back to North Africa’s biggest cities

AWARA MUSAFIR BUREAU

February 10, 20231017 Views

Cities Economic Impact Report analysed 82 cities around the world The World Travel & Tourism Council (WTTC) has revealed positive signs of recovery for the Travel & Tourism sector in key North African city destinations, providing a massive boost to economies across the region. The report, researched in partnership with Oxford Economics, analysed key indicators such as Travel & Tourism’s contribution to GDP, employment and traveller spend. The analysis of Cairo, Marrakech and Tunis shows that across all three cities, the direct GDP contribution from Travel & Tourism, sector jobs, and visitor spending are all bouncing back to pre-pandemic levels. The WTTC Cities Economic Impact Report shows that in 2019, the Travel & Tourism sector contributed over $5.6BN...

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Tourists heading back to Indian cities, says WTTC

AWARA MUSAFIR BUREAU

February 8, 2023714 Views

Cities Economic Impact Report analysed 82 cities around the world The World Travel & Tourism Council (WTTC) has revealed positive signs of recovery for the Indian Travel & Tourism sector with travellers heading back to its major cities. The report, sponsored by Visa and researched in partnership with Oxford Economics, analysed key indicators such as Travel & Tourism’s contribution to GDP, employment and traveller spend. The analysis of key indicators in Delhi and Mumbai shows that Travel & Tourism’s direct contribution to both cities’ GDP, jobs and visitor spending are all bouncing back to pre-pandemic levels. The WTTC Cities Economic Impact Report shows that in 2019, the city’s Travel & Tourism sector contributed almost ₹36,200 crore to Delhi’s economy...

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Tourists heading back to Australia, says WTTC

AWARA MUSAFIR BUREAU

January 31, 2023817 Views

Cities Economic Impact Report analysed 82 destinations around the world  The World Travel & Tourism Council (WTTC) has revealed positive signs of recovery for the Australian Travel & Tourism sector with major cities welcoming travellers once again. The Cities Economic Impact Report, sponsored by Visa and researched in partnership with Oxford Economics, analysed key Travel & Tourism metrics across 82 cities around the world, including contribution to GDP, employment and traveller spend. The analysis in Sydney, Melbourne, and Perth, shows that Travel & Tourism’s direct contribution to each cities’ GDP and jobs continues to rise. But prolonged border closures in Australia and key markets such as China, means visitor spending numbers are still low. GDP contribu...

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Travellers set to splurge on international travel this year

AWARA MUSAFIR BUREAU

January 21, 2023946 Views

WTTC and Trip.com Group global traveller report reveals shift towards sustainable travel “Demand for travel is now stronger than ever” says WTTC President & CEO Julia Simpson A major new report by World Travel & Tourism Council (WTTC) and Trip.com Group, together with Deloitte, reveals a heightened appetite for sustainable tourism amongst consumers, with 69% of travellers actively seeking sustainable travel options. In this follow-up report, WTTC joined forces again with leading global travel service provider, Trip.com Group and its major consumer brands Trip.com, Ctrip and Skyscanner, with additional data sourced from Deloitte, to analyse the trends that shaped the Travel & Tourism sector last year and will continue to do so over 2023. The Mont des Arts or Kunst...

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WTTC reveal Paris as the World’s most powerful City Destination

AWARA MUSAFIR BUREAU

January 19, 2023773 Views

Beijing predicted to take the number one spot by 2032 Cities Economic Impact Report analysed 82 cities around the world New research from the World Travel & Tourism Council (WTTC) reveals French capital Paris as the world’s most powerful city destination but predicts it will be overtaken by Beijing by 2032. The report, sponsored by Visa and researched in partnership with Oxford Economics, analysed key indicators such as Travel & Tourism’s contribution to GDP, employment and traveller spend. FILE PHOTO: A woman, wearing a mask, rides her bicycle near the Eiffel tower at Trocadero square in Paris. REUTERS/Gonzalo Fuentes COVID-19 had a devastating impact on Travel & Tourism and in particular major cities around the world as countries closed their borders in resp...