This includes the number of jobs and GDP created by the Travel & Tourism sector, both directly and in total, and measured as a percentage contribution of total economy employment and GDP. Published yearly, our globally recognised study on the economic impact of Travel & Tourism covers 185 countries & 25 regions. The World Travel & Tourism Council (WTTC) represents the Travel & Tourism sector globally. Our Members include over 200 CEOs, Chairpersons and Presidents of the world’s leading Travel & Tourism companies from across the world and industries. WTTC produces reports on the economic and employment impact of Travel & Tourism for 185 countries and 25 geographic or economic regions in the world. The World Travel & Tourism Council (WTTC) represents the Travel & Tourism sector globally.
In its annual analysis quantifying the global economic and employment impact of Travel & Tourism in 185 countries and 25 regions, the World Travel & Tourism Council’s (WTTC) research reveals that the sector accounted for 10.4% of global GDP and 319 million jobs, … The World Travel & Tourism Council (WTTC) represents the Travel & Tourism sector globally. This represents an added downside risk in the context of a weaker world economy, geopolitical, social and trade tensions, as well as uneven performance among major outbound travel … We understand how important high quality economic data is to understand the full potential of the Travel & Tourism sector. The tourism sector is currently one of the hardest-hit by the outbreak of COVID-19, with impacts on both travel supply and demand. We have worked with Oxford Economics to look at different recovery scenarios for the Travel & Tourism sector and the economic impact from COVID-19.
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Measuring its size, growth and contribution to society forms the backbone of our mission. In 2019, Travel & Tourism’s direct, indirect and induced impact accounted for: US$8.9 trillion contribution to the world’s GDP; 10.3% of global GDP EIR Global Economic Impact from COVID-19 InfographicEIR 2020 Importance of Travel and Tourism InfographicIf you are having issues downloading, please use Google Chrome as the browser.Further in-depth research is available upon request.
WTTC’s latest annual research, in conjunction with To view the Regions data, use the dropdown to select 'Region' and click on the Search button. These reports are a vital tool in helping us to equip public and private sector bodies with hard evidence of the huge value Travel & Tourism brings to the economy, so that their policymaking and investment decisions support our sector. The main objective of the WTTC/Oxford Economics economic impact research is to provide, on an annual basis - consistent, reliable, timely and comparable data and forecasts to assess Travel & Tourism’s contribution to national economic activity.
Our Members include over 200 CEOs, Chairpersons and Presidents of the world’s leading Travel & Tourism companies from across the world and industries. Our Members include over 200 CEOs, Chairpersons and Presidents of the world’s leading Travel & Tourism companies from across the world and industries. Measuring the size and growth of Travel & Tourism and its contribution to society therefore plays a vital part in underpinning WTTC’s work. We also benchmark Travel & Tourism against other economic sectors and analyse the impact of government policies affecting the sector such as jobs and visa facilitation. In 2019, Travel & Tourism’s direct, indirect and induced impact accounted for: US$8.9 trillion contribution to the world’s GDP; 10.3% of global GDP; 330 million jobs, 1 in 10 jobs around the world; US$1.7 trillion visitor exports (6.8% of total exports, 28.3% of global services exports) An increasing number of countries are compiling elements/full Tourism Satellite Accounts (TSA) which can provide more detailed statistics than this research.
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world travel and tourism council economic impact 2020