Travel & Tourism recovery
Travel & Tourism Sector in Key European Capitals Strongly Recovering Says WTTC
WTTC | February 15, 2023
London, UK: A new report from the World Travel & Tourism Council (WTTC) has revealed strong signs of recovery of the economic impact from Travel & Tourism in the five city ‘powerhouses’ of Western Europe. The Cities Economic Impact 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 study examined the impact of the sector in London, Paris, Berlin, Rome, and Madrid. The report from the global tourism body shows that in 2019, the Travel & Tourism sector contributed over $83.5BN to th...
U.S. Travel & Tourism Recovery Projected to Exceed Pre-Pandemic Levels in 2022
WTTC | February 9, 2022
London – February 9, 2022 – The World Travel & Tourism Council (WTTC), which represents the global Travel & Tourism sector, today announced its latest economic modeling projecting that U.S. Travel & Tourism could rebound strongly this year, reaching almost $2 trillion in U.S. GDP contribution and exceeding pre-pandemic levels by 6.2%. News of the strong recovery follows steady gains in the sector during 2021 and signals the welcome comeback of one of the world’s most important economic drivers after almost two years of upheaval. “Our latest forecast shows the recovery significantly picking up this year as in...
New WTTC Report Provides Recommendations to Drive Recovery and Enhance Resilience of the Travel & Tourism Sector
WTTC | October 22, 2021
London, UK – October 22, 2021 – The World Travel & Tourism Council (WTTC) and the Ministry of Tourism of Saudi Arabia launched today an important new report that highlights the pain points to restore international mobility, and recommendations to drive the recovery of the Travel & Tourism sector, while enhancing its resilience. With the pandemic bringing international travel to an almost complete standstill, due to border closures and severe travel restrictions, Travel & Tourism suffered more than any other sector over the past 18 months. The sector’s contribution to global GDP fell from nearly US$ 9.2 trillion in 201...
