capital investment
Capital Investment Fuels Growth in Travel & Tourism, Forecast to Reach Nearly $1 Trillion Says WTTC
The World Travel & Tourism Council | August 23, 2023
Strong travel growth spurred rise in sector investment in 2022 Asia-Pacific and Africa see investment up 161% in 2022 over 2000 Private capital investment integral to sector’s success Las Vegas, USA: The World Travel & Tourism Council’s (WTTC) Travel & Tourism Economic Impact 2023 Global Trends Report today reveals 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 ...
New Report From WTTC Analyzes Critical Factors for Hotel Investment Post Pandemic
World Travel & Tourism Council | June 15, 2022
SAN JUAN, PUERTO RICO (June 15, 2022): The World Travel & Tourism Council (WTTC) today publishes ‘Critical Factors to Attract Hotel Investment,’ a new report highlighting the importance of attracting capital investment to enable the Travel & Tourism sector’s full growth potential post COVID-19, following a 25% drop in 2020. The report, launched today at the Sustainability and Investment Summit taking place in San Juan, Puerto Rico, looks at key enabling factors for hotel investment, and success stories of destinations that have employed such factors and shown strong growth in investment. In 2020, when international travel ...
