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WTTC produces reports and forecasts of the economic and employment impact of Travel & Tourism for 185 countries and 25 geographic or economic regions in the world. Our 10-year forecasts also provide a unique understanding of Travel & Tourism’s future growth, economic importance and social influence.
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 policy-making and investment decisions support our sector.
WTTC’s latest annual research, in conjunction with Oxford Economics, shows Travel & Tourism’s contribution to world GDP outpaced the global economy for the sixth consecutive year in 2016, rising to a total of 10.2% of world GDP (US$7.6 trillion). The sector now supports 292 million people in employment – that’s 1 in 10 jobs on the planet.
The outlook for the Travel & Tourism sector in 2017 remains robust and will continue to be at the forefront of wealth and employment creation in the global economy, despite the emergence of a number of challenging headwinds. Travel & Tourism forecasts over the next ten years also look extremely favourable with predicted growth rates of 3.9% annually.
WTTC is proud to continue to provide this clear and empirical data in order to help both public and private bodies make the right decisions for the future growth of a sustainable Travel & Tourism sector.
The WTTC World 2015 Economic Impact Report shows Travel & Tourism’s contribution to world GDP grew for the fifth consecutive year, helped especially by strong demand from international travellers. Travel & Tourism forecasts over the next ten years also look extremely favourable, with predicted growth rates that continue to be higher than growth rates in other sectors.