Employment and international visitor spend breaks all records
The World Travel & tourism Council (WTTC) 2024 Economic Impact Research (EIR) has revealed Italy’s Travel & tourism sector contributed €215BN, representing 10.5% of Italy’s total economic output last year, underscoring the sector’s prominence as a backbone of the Italian economy.
The sector also proved a significant source of employment in 2023, breaking all records generating nearly 185,000 new jobs, raising the total to 2.97MN nationwide, representing one in every eight jobs across the country.
The resurgence of international visitors to Italy has been notably strong, also breaking previous records, with overseas spending increasing by 19% year-on-year to reach €51.4BN, highlighting Italy’s appeal as a premier global destination.
Looking to 2024
This year, WTTC predicts Travel & tourism will contribute €223.1BN to the economy,…
