WTTC – Page 4 – आवारा मुसाफिर

US remains most popular destination for shopaholics

August 23, 2023851 Views

Positioned as largest contributor of retail tourism to GDP WTTC ‘Retail Report’ to be launched on 7th September According to the World Travel & Tourism Council (WTTC), the U.S. remains the preferred choice for shopping holidaymakers, as revealed at Virtuoso Travel Week, which was organised at Las Vegas, from 13 to 18 August. “Retail tourism is a thriving market segment of the Travel & Tourism sector in the U.S.”, said WTTC President & CEO, Julia Simpson. The joint research collaboration between WTTC and the Hospitality and Tourism Research Centre of The Hong Kong Polytechnic University, in collaboration with The Bicester Collection, will be published on 7th September during an event taking place at La Roca Village, part of The Bicester Collection, in Barcelona, S...

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Investment fuels growth in travel & tourism

AWARA MUSAFIR BUREAU

August 22, 2023891 Views

# Strong travel growth spurred rise in sector investment in 2022 # Asia-Pacific and Africa see investment up 161% in 2022 over 2000 The World Travel & Tourism Council’s (WTTC) Travel & Tourism Economic Impact 2023 Global Trends Report has revealed an encouraging resurgence in Travel & Tourism investment, overcoming pandemic setbacks and signalling a strong return to growth. From 2010 to 2019, investment grew steadily at 4.3% CAGR, growing from $754.6BN in 2010 to $1.1TN in 2019, or 4.5% of all economy-wide investment. COVID-19 hit hard, leading to a 24% decline in 2020 and a further 8% in 2021. However, 2022 marked a turning point. Spurred by the global phenomenon of pent-up demand, Travel & Tourism investment surged to $856BN, up 11.1% from the previo...

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Women’s participation in travel & tourism critical to growth of global sector

AWARA MUSAFIR BUREAU

July 20, 2023838 Views

# Public-private collaboration ensure women receive training, networks and finance needed to build secure careers The World Travel & Tourism Council (WTTC) reiterated the importance of women’s engagement in Travel & Tourism to catapult its growth and achieve a thriving and resilient sector at the Women Deliver Global Conference, in Kigali, Rwanda. Speaking at the conference today, Julia Simpson, WTTC President & CEO, emphasised the importance of promoting women's involvement in the sector and overcoming challenges for success in the business world. The event served as a platform to address the challenges faced by women in the Travel & Tourism sector and explore strategies to overcome them, aiming to inspire change and promote equal opportunities for women in...

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EU Travel & Tourism sector recovering strongly

AWARA MUSAFIR BUREAU

June 28, 2023719 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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More than 1.6MN Travel & Tourism jobs set to be created in India this year

AWARA MUSAFIR BUREAU

June 23, 2023684 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...

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WTTC G20 Public-Private dialogue shines light on travel & tourism opportunities

AWARA MUSAFIR BUREAU

June 21, 2023844 Views

The World Travel & Tourism Council (WTTC) gathered leading Travel & Tourism stakeholders and G20 Ministers in a Public-Private Dialogue in Goa on Wednesday to address the sector’s vast potential and challenges. Joined by India’s Minister of Tourism, G. Kishan Reddy, and UNWTO Secretary-General Zurab Pololikashvili, Julia Simpson, WTTC President & CEO commended India’s Ministry of Tourism for its leadership during India’s G20 Presidency and highlighted Travel & Tourism’s substantial contribution not only to the global economy but to employment. Currently representing 9.2% of the world’s GDP and supporting one in every 11 jobs globally, the sector is experiencing remarkable growth, outpacing the global economy by growing twice as fast. Julia Simpson, WTTC President ...

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

AWARA MUSAFIR BUREAU

April 29, 2023957 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, 2023880 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, 2023656 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, 20231142 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 ...