You are currently viewing Global Tourism Industry 

Global Tourism Industry 

MANILA: The global tourism industry is expected to create almost 126 million jobs worldwide within 10 years, the World Travel and Tourism Council (WTTC) said in a report released on Thursday in the Philippine capital.

The WTTC’s latest Economic Impact Report (EIR) says the travel and tourism sector will be a driving force of the global economic recovery from the two-year pandemic.

The report forecasts that the travel and tourism sector’s GDP will grow at an average rate of 5.8 percent annually between 2022 and 2032, outstripping the growth rate for the global economy, to reach 14.6 trillion US dollars, equivalent to 11.3 percent of the total global economy.

WTTC president and CEO Julia Simpson said at the Global Tourism Summit in Manila that “one in three of every new job created will be related to the sector.”

The report predicts that the travel and tourism sector across Asia and the Pacific region will rebound significantly and is estimated to create almost 77 million new jobs over the next decade.

Newspakistan.tv | YouTube Channel

Tags: , , ,

M M Alam

M. M. Alam is a Pakistan-based working journalist since 1981. Karachi University faculty gold medalist Alam began his career four decades ago by writing for Dawn, Pakistan’s highest circulating English daily. He has worked for region’s leading publications, global aviation periodicals including Rotors (of USA) and vetted New York Times as permanent employee of daily Express Tribune. Alam regularly covers international aviation and defense-related events including Salon Du Bourget (France), Farnborough (United Kingdom), Dubai (UAE). Alam has reported thousands of events and interviewed hundreds of people in Pakistan, UAE, EU, UK and USA. Being Francophone Alam also coordinates with a number of French publications.