‘GET vaxxed, get traveling.” This is the position of the WTTC, as its President and CEO Julia Simpson, unveiled on Thursday the body’s latest EIR, which forecast global travel and tourism to grow by an average of 5.8 percent per annum in the next decade.
This is the position of the World Travel and Tourism Council , as its President and CEO Julia Simpson, unveiled on Thursday the body’s latest Economic Impact Report , which forecast global travel and tourism to grow by an average of 5.8 percent per annum in the next decade.
The WTTC’s 2022 EIR report also pointed to a significant rebound in travel and tourism across the Asia-Pacific region from 2022 to 2032, which is estimated to create almost 77 million new jobs. At the same time the sector’s contribution towards gross domestic product is projected to grow at an average annual rate of 8.5 percent in the next 10 years, more than double the 4-percent growth rate for the region’s overall economy.
The WTTC forecast the region’s travel and tourism sector to fully recover by 2023, growing by some 26 percent to $3.4 trillion from an estimated $2.7 trillion this year. This will be matched by an increase in employment, up 8.2 percent to 324 million jobs in 2023, just 2.7 percent off pre-pandemic levels.
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