# Employment in the sector set to double by 2032# Sector expected to surpass pre-pandemic levels by next year The World Travel & Tourism Council (WTTC) has revealed the Travel & Tourism sector in Saudi Arabia is expected to grow at an average of 11% annually over the next decade, making it the fastest growing Travel & Tourism in the Middle East. According to the forecast from WTTC’s latest Economic Impact Report (EIR), this annual growth, more than six times the 1.8% growth rate of the country’s overall economy, will bolster the economic recovery of the Kingdom. By 2032, the Travel & Tourism sector’s contribution to GDP could reach nearly SAR 635 billion, representing 17.1% of the total economy. The forecast also reveals Travel & Tourism employment coul...
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COVID-19 has impacted all destinations highlighting the need for better-preparedness for future risks Destination resilience is the concept of successfully adapting to external shocks and crises, in a way that results in a better prepared and more robust eco-system in the future. By definition, it is a shorter-term concept than sustainability, but the two are intrinsically linked. Sustainability is not possible without resilience, and resilience is rarely possible without sustainability. The World Travel & Tourism Council (WTTC) has published a new report on practical guidelines and case studies to support destinations in becoming more resilient and sustainable at its Sustainability and Investment Forum taking place in San Juan, Puerto Rico. The report, ‘Enhancing Resilie...
Read MoreInternational travelers will no longer need to show proof of a negative coronavirus test before boarding flights to the United States, federal health officials announced Friday, ending one of the nation’s last pandemic-related travel requirements. The requirement will end at 12:01 a.m. Sunday. The Centers for Disease Control and Prevention announced Friday that the requirement will end early Sunday morning. The health agency said it will continue to monitor state of the pandemic and will reassess the need for a testing requirement if the situation changes. “This step is possible because of the progress we’ve made in our fight against COVID-19,” said U.S. Health Secretary Xavier Becerra. FILE PHOTO: Travelers pass a sign near a COVID-19 testing site in Terminal E at Logan Airpo...
Read More# Travel & Tourism’s GDP expected to outpace economy# More than 2.4 million jobs could be created every year Research conducted by the World Travel & Tourism Council (WTTC) has revealed the Travel & Tourism sector’s contribution to the Indian economy could surpass pre-pandemic levels this year, with a year-on-year growth of 20.7%. The forecast from the WTTC’s latest Economic Impact Report (EIR), shows the sector’s contribution to the nation’s economy could reach almost ₹15.9 trillion (U.S. $215 billion) in 2022, 1% above 2019 levels. Employment levels are set to grow to almost 35 million Travel & Tourism jobs, with an 8.3% growth this year. Over the next decade, India’s Travel & Tourism’s GDP is expected to grow at an average of 7.8% annually, compared ...
Read MoreEmployment 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...
Read MoreThe World Travel & Tourism Council (WTTC) has published a new report on best practices and support for governments for the introduction of a common ‘Digital Travel Portal’, to allow safe, stress-free travel, that would reduce delays at airports. The COVID-19 pandemic highlighted a lack of global coordination as governments introduced a constant patchwork of digital and paper requirements. WTTC is calling for alignment to build resilience and ensure there is a clear global system focused on an individual’s health status that does not bring international travel to a standstill, which throughout the pandemic caused serious economic damage. ‘Implementing a Digital Travel Portal’, created by WTTC and The Commons Project Foundation, is aimed at governments and builds on the pre...
Read More# Sector expected to grow at double the rate of the overall economy over next 10 years# Europe’s Travel & Tourism sector bounce back could approach pre-pandemic levels next year The World Travel & Tourism Council’s latest Economic Impact Report (EIR) reveals Europe’s Travel & Tourism sector is expected to create nearly eight million new jobs within the next decade. The forecast from the World Travel & Tourism Council (WTTC), which represents the global Travel & Tourism private sector, also shows the sector will be a driving force behind Europe’s economic recovery, following more than two years of suffering. FILE PHOTO: People spend time on the beach during a heatwave in Alimos suburb, south of Athens, Greece July 1, 2021. REUTERS/Costas Baltas Over the next...
Read MoreFlight bookings suggest a hot summer ahead for key destinations across Asia-Pacific, Europe and the Americas The World Travel & Tourism Council (WTTC) and its knowledge partner ForwardKeys, have forecast a major increase in global international flights bookings as international travel takes off. The booking bounce back was revealed at WTTC’s prestigious 21st Global Summit, which took place this year in Manila, as the world continues to reopen from the pandemic. News of the strong recovery highlights a promising prospect ahead for summer holiday travel, with sun and sea destinations, such as the Caribbean and Latin America, leading the international inbound bookings. Masked and unmasked travelers ride escalators as they transit the security area after the Biden administrati...
Read MoreGlobal tourism to recover from pandemic by 2023, post 10-year growth spurt
Expected to create nearly 126 million new jobs within the next decade, says WTTC report The global travel and tourism sectors are projected to return to pre-pandemic levels in 2023 and grow at a rate that will outpace global gross domestic product (GDP) growth, the World Travel and Tourism Council (WTTC) said on Thursday. The industry is expected to post an annual average growth rate of 5.8% from 2022 to 2032 versus the 2.7% increase in global GDP, and create 126 million new jobs, WTTC said in a report released during the industry group's conference in Manila. Report reveals the Travel & Tourism sector is expected to create nearly 126 million new jobs within the next decade. FILE PHOTO: A partially underwater shot shows the waters at the beach of Maya Bay as Thailand reopens ...
Read MoreFrom hotel rooms for refugees to vital supplies, WTTC Members show their support to Ukraine Travel & Tourism businesses around the globe have come together to support Ukraine with millions of hotel rooms for refugees escaping the conflict according to the World Travel & Tourism Council (WTTC). WTTC members such as Accor, Airbnb, Carnival Corporation, the European Travel Commission, Expedia, Hilton, InterContinental Hotels Group, Internova Travel Group, Marriott International, MSC Cruises, Radisson, and Uber to name just a few, have opened their doors to refugees in neighbouring countries donating rooms, transport, clothing, food, shelter, urgent supplies and financial contributions. In Ukraine, hotels have continued to stay open offering a base to charities, journalists, ...
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