World Travel & Tourism Council Economic Impact Report highlights impact
Economic Impact of Tourism
World Travel & Tourism Council Economic Impact Report highlights impact
Travel & Tourism Economic Impact 2022
The Importance of Tourism in Any Country
Impact of Tourism Industry on Economy- Orient Exchange
COMMENTS
Economic Impact Research
In 2023, the Travel & Tourism sector contributed 9.1% to the global GDP; an increase of 23.2% from 2022 and only 4.1% below the 2019 level. In 2023, there were 27 million new jobs, representing a 9.1% increase compared to 2022, and only 1.4% below the 2019 level. Domestic visitor spending rose by 18.1% in 2023, surpassing the 2019 level.
Research & Insights Hub
We analyse Travel & Tourism's economic and employment impact in 185 economies, 82 cities and 26 regions worldwide. We also produce reports on the environmental and social impacts of Travel & Tourism, as well as thought leadership reports on themes such as diversity, equity, inclusion and belonging, and retail tourism.
What is travel and tourism's role in future global prosperity?
With 2023 at an end, the Travel and Tourism (T&T) sector is finally positioned to move past the impact of the pandemic, with international tourist arrivals anticipated to reach levels reminiscent of the pre-pandemic era.However T&T sector stakeholders and destinations are navigating a complex terrain marked by external challenges such as geopolitical and economic uncertainty, inflation and ...
How is the travel and tourism industry recovering?
The World Economic Forum has published its inaugural Travel and Tourism Development Index. It focuses on the growing role of sustainability and resilience in travel and tourism growth. Recovery for the sector is uneven and tourist arrivals in January 2022 were still 67% below 2019 levels, according to the World Tourism Organization.
Tourism's Importance for Growth Highlighted in World Economic ...
10 Nov 2023. Tourism has again been identified as a key driver of economic recovery and growth in a new report by the International Monetary Fund (IMF). With UNWTO data pointing to a return to 95% of pre-pandemic tourist numbers by the end of the year in the best case scenario, the IMF report outlines the positive impact the sector's rapid ...
UN report Underscores Importance of Tourism for Economic ...
The latest edition of the UN World Economic Situation and Prospects report uses key UNWTO data on international tourist arrivals and tourism receipts to illustrate how the pandemic's impact has been felt beyond the sector itself. International tourist arrivals plunged by 73% in 2020, dropping to levels not seen for 30 years.
Economic Impact Report 2023 Global Trends
Economic Impact Report 2023 Global Trends. This report provides a global overview of Travel & Tourism and analyses the strength of the recovery in Asia-Pacific, Africa, Europe, the Americas, and the Middle East.
Tourism and COVID-19
Tourism is one of the sectors most affected by the Covid-19 pandemic, impacting economies, livelihoods, public services and opportunities on all continents. All parts of its vast value-chain have been affected. Export revenues from tourism could fall by $910 billion to $1.2 trillion in 2020. This will have a wider impact and could reduce global ...
PDF TRAVEL & TOURISM: ECONOMIC IMPACT 20211
TRAVEL & TOURISM: ECONOMIC IMPACT 20211 Leisure vs Business Spending: Leisure Spending: 2019 = USD 4,692.4 BN 2020 = USD 2,373.7 BN Business Spending: = USD 1,294.2 BN ... 1 This data includes the direct, indirect, and induced impact of Travel & Tourism. Source: WTTC and Oxford Economics. All values are in constant 2020 prices & exchange rates.
Travel Will Boost the Global Economy by a Record $11 Trillion in 2024
Getty. All your jet-setting and hotel-hopping is having a significant effect on the global economy. The folks at the World Travel & Tourism Council (WTTC) estimate that the travel industry will ...
Travel and Tourism Economic Impact 2021
For 30 years, the World Travel & Tourism Council (WTTC) has been quantifying the economic impact of Travel & Tourism, highlighting the importance of the sector to the global economy. The 2021 annual research which covers 185 countries and economies, and 25 regions of the world, reveals the full extent and significance of the COVID-19 crisis to ...
Travel & Tourism Economic Impact 2022
For over 30 years, the World Travel & Tourism Council (WTTC) has been quantifying the economic impact of Travel & Tourism, highlighting the importance of the sector globally. The 2022 annual research which covers 185 countries/economies, and 26 regions of the world, reveals the extent of the recovery in 2021. Download.
PDF Tourism Office: Economic Impact of Travel and Tourism National Travel and
National Travel and Tourism Office: Economic Impact of Travel and Tourism . The Travel and Tourism Satellite Account (TTSA) forms an indispensable statistical instrument that allows the United States to measure the relative size and importance of the travel and tourism industry. The travel and tourism industry provides goods and services
PDF TRAVEL & TOURISM ECONOMIC IMPACT 2020
World Travel & Tourism Council ECONOMIC IMPACT 2020 10.3 % Travel & Tourism GDP as a percentage of global GDP. 330m Jobs are supported by Travel & Tourism. This is 10.4% of global employment. 1/4 of all global net new jobs created over the last five years within the Travel & Tourism sector. THE ECONOMIC IMPACT OF GLOBAL TRAVEL & TOURISM 3.5 %
PDF 27/10/2020 World Travel & Tourism Council
Travel & Tourism Economic Impact 2020 (2019 Figures) 2.5% Global GDP growth 3.5% Travel & Tourism GDP growth 330mn Jobs supported by Travel & Tourism 1/10 Jobs supported by Travel & Tourism 10.3% Travel & Tourism total contribution to global GDP 1/4 of all new jobs created came from Travel & Tourism 78.6% Leisure Spend 28.7% International
Tourism and Economic Growth: Evidence from Cross-Country ...
This work analyzes whether tourism development affects the economic growth. Using yearly data of 1995-2017 for the sample of 35 countries, the empirical findings reveal that tourism arrivals and tourism receipts stimulate the economic growth. Similarly, renewable and non-renewable energy consumption enhance economic growth in the selected countries. Further, human capital positively affects ...
Travel and Tourism
Travel and Tourism Satellite Account for 2018-2022. The travel and tourism industry—as measured by the real output of goods and services sold directly to visitors—increased 21.0 percent in 2022 after increasing 53.6 percent in 2021, according to the most recent statistics from BEA's Travel and Tourism Satellite Account. Read the Article.
Portugal's Travel & Tourism Poised for Historic Year
The World Travel & Tourism Council (WTTC) 2024 Economic Impact Research (EIR) has revealed Portugal's Travel & Tourism sector is on the brink of a historic year, with its economic contribution ...
New Jersey Tourism Surpasses Record Pre-Pandemic Levels with Increased
Spending grew across all sectors with overall visitor spend generating a total economic impact of $78.3 billion for New Jersey and a total of $5.2 billion in state and local tax revenues. "We are happy to report strong travel and tourism activity for New Jersey that resulted in significant state economic impacts," said Governor Phil Murphy.
Tourism outlook 2023
Tourism outlook 2023. Global tourism arrivals will increase by 30% in 2023, following growth of 60% in 2022, but will remain below pre-pandemic levels. The economic downturn, sanctions on Russia, and China's zero-covid strategy will delay recovery.
What is the economic impact of travel and tourism in Illinois?
Daniel Thomas, Deputy Director, Illinois Office of Tourism, joins John Williams to talk about National Travel and Tourism Week, the amount of people that will be traveling over Memorial Day, the importance of the travel industry to the economy of Illinois, the travel trends in Illinois, the wonderful state parks in Illinois, and some ideas […]
Qatar's travel and tourism sector to contribute QR90.8bn to economy in
In 2023 the Gross domestic product (GDP) contribution of the travel and tourism sector grew by 31% to reach a record-breaking QR81.2bn, representing 10.3% of Qatar's total economic output.
Pinal County to Celebrate National Travel and Tourism Week, Spotlights
Pinal County announces May 19-25 as "National Travel and Tourism Week" to celebrate the industry's economic impact. ... on the crucial role that travel and tourism play in driving economic growth ...
Moscow Oblast
Moscow Oblast (Russian: Московская область, romanized: Moskovskaya oblast, IPA: [mɐˈskofskəjə ˈobləsʲtʲ], informally known as Подмосковье, Podmoskovye, IPA: [pədmɐˈskovʲjə]) is a federal subject of Russia (an oblast).With a population of 8,524,665 (2021 Census) living in an area of 44,300 square kilometers (17,100 sq mi), it is one of the most densely ...
40 Facts About Elektrostal
40 Facts About Elektrostal. Elektrostal is a vibrant city located in the Moscow Oblast region of Russia. With a rich history, stunning architecture, and a thriving community, Elektrostal is a city that has much to offer. Whether you are a history buff, nature enthusiast, or simply curious about different cultures, Elektrostal is sure to ...
APELSIN HOTEL
Total number of rooms reached 81. The hotel has got a number of significant advantages: comfortable location, luxury and standard hotel rooms, free parking, moderate prices and highly qualified staff. According the experts in the tourism and hospitality business the hotel is reckoned the leading middle class hotel in Moscow region.
THE 10 CLOSEST Hotels to Electrostal History and Art ...
Hotels near Electrostal History and Art Museum, Elektrostal on Tripadvisor: Find 1,362 traveler reviews, 1,954 candid photos, and prices for 62 hotels near Electrostal History and Art Museum in Elektrostal, Russia.
IMAGES
COMMENTS
In 2023, the Travel & Tourism sector contributed 9.1% to the global GDP; an increase of 23.2% from 2022 and only 4.1% below the 2019 level. In 2023, there were 27 million new jobs, representing a 9.1% increase compared to 2022, and only 1.4% below the 2019 level. Domestic visitor spending rose by 18.1% in 2023, surpassing the 2019 level.
We analyse Travel & Tourism's economic and employment impact in 185 economies, 82 cities and 26 regions worldwide. We also produce reports on the environmental and social impacts of Travel & Tourism, as well as thought leadership reports on themes such as diversity, equity, inclusion and belonging, and retail tourism.
With 2023 at an end, the Travel and Tourism (T&T) sector is finally positioned to move past the impact of the pandemic, with international tourist arrivals anticipated to reach levels reminiscent of the pre-pandemic era.However T&T sector stakeholders and destinations are navigating a complex terrain marked by external challenges such as geopolitical and economic uncertainty, inflation and ...
The World Economic Forum has published its inaugural Travel and Tourism Development Index. It focuses on the growing role of sustainability and resilience in travel and tourism growth. Recovery for the sector is uneven and tourist arrivals in January 2022 were still 67% below 2019 levels, according to the World Tourism Organization.
10 Nov 2023. Tourism has again been identified as a key driver of economic recovery and growth in a new report by the International Monetary Fund (IMF). With UNWTO data pointing to a return to 95% of pre-pandemic tourist numbers by the end of the year in the best case scenario, the IMF report outlines the positive impact the sector's rapid ...
The latest edition of the UN World Economic Situation and Prospects report uses key UNWTO data on international tourist arrivals and tourism receipts to illustrate how the pandemic's impact has been felt beyond the sector itself. International tourist arrivals plunged by 73% in 2020, dropping to levels not seen for 30 years.
Economic Impact Report 2023 Global Trends. This report provides a global overview of Travel & Tourism and analyses the strength of the recovery in Asia-Pacific, Africa, Europe, the Americas, and the Middle East.
Tourism is one of the sectors most affected by the Covid-19 pandemic, impacting economies, livelihoods, public services and opportunities on all continents. All parts of its vast value-chain have been affected. Export revenues from tourism could fall by $910 billion to $1.2 trillion in 2020. This will have a wider impact and could reduce global ...
TRAVEL & TOURISM: ECONOMIC IMPACT 20211 Leisure vs Business Spending: Leisure Spending: 2019 = USD 4,692.4 BN 2020 = USD 2,373.7 BN Business Spending: = USD 1,294.2 BN ... 1 This data includes the direct, indirect, and induced impact of Travel & Tourism. Source: WTTC and Oxford Economics. All values are in constant 2020 prices & exchange rates.
Getty. All your jet-setting and hotel-hopping is having a significant effect on the global economy. The folks at the World Travel & Tourism Council (WTTC) estimate that the travel industry will ...
For 30 years, the World Travel & Tourism Council (WTTC) has been quantifying the economic impact of Travel & Tourism, highlighting the importance of the sector to the global economy. The 2021 annual research which covers 185 countries and economies, and 25 regions of the world, reveals the full extent and significance of the COVID-19 crisis to ...
For over 30 years, the World Travel & Tourism Council (WTTC) has been quantifying the economic impact of Travel & Tourism, highlighting the importance of the sector globally. The 2022 annual research which covers 185 countries/economies, and 26 regions of the world, reveals the extent of the recovery in 2021. Download.
National Travel and Tourism Office: Economic Impact of Travel and Tourism . The Travel and Tourism Satellite Account (TTSA) forms an indispensable statistical instrument that allows the United States to measure the relative size and importance of the travel and tourism industry. The travel and tourism industry provides goods and services
World Travel & Tourism Council ECONOMIC IMPACT 2020 10.3 % Travel & Tourism GDP as a percentage of global GDP. 330m Jobs are supported by Travel & Tourism. This is 10.4% of global employment. 1/4 of all global net new jobs created over the last five years within the Travel & Tourism sector. THE ECONOMIC IMPACT OF GLOBAL TRAVEL & TOURISM 3.5 %
Travel & Tourism Economic Impact 2020 (2019 Figures) 2.5% Global GDP growth 3.5% Travel & Tourism GDP growth 330mn Jobs supported by Travel & Tourism 1/10 Jobs supported by Travel & Tourism 10.3% Travel & Tourism total contribution to global GDP 1/4 of all new jobs created came from Travel & Tourism 78.6% Leisure Spend 28.7% International
This work analyzes whether tourism development affects the economic growth. Using yearly data of 1995-2017 for the sample of 35 countries, the empirical findings reveal that tourism arrivals and tourism receipts stimulate the economic growth. Similarly, renewable and non-renewable energy consumption enhance economic growth in the selected countries. Further, human capital positively affects ...
Travel and Tourism Satellite Account for 2018-2022. The travel and tourism industry—as measured by the real output of goods and services sold directly to visitors—increased 21.0 percent in 2022 after increasing 53.6 percent in 2021, according to the most recent statistics from BEA's Travel and Tourism Satellite Account. Read the Article.
The World Travel & Tourism Council (WTTC) 2024 Economic Impact Research (EIR) has revealed Portugal's Travel & Tourism sector is on the brink of a historic year, with its economic contribution ...
Spending grew across all sectors with overall visitor spend generating a total economic impact of $78.3 billion for New Jersey and a total of $5.2 billion in state and local tax revenues. "We are happy to report strong travel and tourism activity for New Jersey that resulted in significant state economic impacts," said Governor Phil Murphy.
Tourism outlook 2023. Global tourism arrivals will increase by 30% in 2023, following growth of 60% in 2022, but will remain below pre-pandemic levels. The economic downturn, sanctions on Russia, and China's zero-covid strategy will delay recovery.
Daniel Thomas, Deputy Director, Illinois Office of Tourism, joins John Williams to talk about National Travel and Tourism Week, the amount of people that will be traveling over Memorial Day, the importance of the travel industry to the economy of Illinois, the travel trends in Illinois, the wonderful state parks in Illinois, and some ideas […]
In 2023 the Gross domestic product (GDP) contribution of the travel and tourism sector grew by 31% to reach a record-breaking QR81.2bn, representing 10.3% of Qatar's total economic output.
Pinal County announces May 19-25 as "National Travel and Tourism Week" to celebrate the industry's economic impact. ... on the crucial role that travel and tourism play in driving economic growth ...
Moscow Oblast (Russian: Московская область, romanized: Moskovskaya oblast, IPA: [mɐˈskofskəjə ˈobləsʲtʲ], informally known as Подмосковье, Podmoskovye, IPA: [pədmɐˈskovʲjə]) is a federal subject of Russia (an oblast).With a population of 8,524,665 (2021 Census) living in an area of 44,300 square kilometers (17,100 sq mi), it is one of the most densely ...
40 Facts About Elektrostal. Elektrostal is a vibrant city located in the Moscow Oblast region of Russia. With a rich history, stunning architecture, and a thriving community, Elektrostal is a city that has much to offer. Whether you are a history buff, nature enthusiast, or simply curious about different cultures, Elektrostal is sure to ...
Total number of rooms reached 81. The hotel has got a number of significant advantages: comfortable location, luxury and standard hotel rooms, free parking, moderate prices and highly qualified staff. According the experts in the tourism and hospitality business the hotel is reckoned the leading middle class hotel in Moscow region.
Hotels near Electrostal History and Art Museum, Elektrostal on Tripadvisor: Find 1,362 traveler reviews, 1,954 candid photos, and prices for 62 hotels near Electrostal History and Art Museum in Elektrostal, Russia.