The World Travel & Tourism Council (WTTC) is foreseeing an extraordinary year for Travel & Tourism in 2024, with the sector’s global economic contribution anticipated to reach an unprecedented USD 11.1 trillion.
According to WTTC’s 2024 Economic Impact Research (EIR), Travel & Tourism is projected to add an additional USD 770 billion compared to its previous record, solidifying its position as a global economic powerhouse, responsible for generating one in every ten dollars worldwide.
As the global sector surpasses its pre-pandemic prosperity, WTTC anticipates that 142 out of 185 analyzed countries will outshine their previous national records.
In collaboration with Oxford Economic, WTTC’s latest EIR presents a sector ripe with opportunities, supporting nearly 348 million jobs globally. This marks an increase of more than 13.6 million jobs compared to its peak in 2019.
International visitor spending is expected to come close to the 2019 peak, reaching USD 1.89 trillion, while…
