The World Travel & Tourism Council (WTTC) launched its Cities Economic Impact Report (EIR) at the 22nd Global Summit in Riyadh today. Sponsored by Visa, the report shows cities remain the powerhouses of global tourism and will drive the recovery of the sector and economies around the world. The Cities EIR analyses 82 international city […]
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WTTC research projects sector’s GDP contributions could reach almost $2 trillion, a 6.2% increase from 2019, with Easter and summer travel bookings helping bolster economic recovery. 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 […]
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The latest research from the World Travel & Tourism Council (WTTC) reveals the U.S. Travel & Tourism sector could experience year-over-year growth of 35.6% in 2021, significantly outpacing the year’s overall global tourism recovery. The outlook is even more rosy for 2022, with the travel sector in the U.S. expected to grow by another 28.4%, […]
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The Travel & Tourism sector’s continued sluggish recovery will see its year-on-year contribution to global GDP rise by less than one third in 2021, according to new research from the World Travel & Tourism Council (WTTC). WTTC, which represents the global Travel & Tourism private sector, says the recovery of the sector has been hampered by […]
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The “crash” in international tourism due to the coronavirus pandemic could cause a loss of more than $4 trillion to the global GDP for the years 2020 and 2021, according to an UNCTAD report published on 30 June. The estimated loss has been caused by the pandemic’s direct impact on tourism and its ripple effect […]
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The World Travel & Tourism Council has launched its annual Economic Impact Report 2016. According to the research, last year Travel & Tourism added 7.2 million jobs to the global economy and contributed over USD$ 7.2 trillion in GDP. The Economic Impact Reports, WTTC’s flagship annual research, provide economic data on the contribution of the […]
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