Tag Archives: Travel & Tourism

World Travel & Tourism Council is projecting a record-breaking year for Travel & Tourism in 2024, with the sector’s global economic contribution set to reach an all-time high of $11.1 trillion. According to the global tourism body’s 2024 Economic Impact Research, Travel & Tourism will contribute an additional $770 billion over its previous record, stamping its authority as a global economic powerhouse, generating one in every 10 dollars worldwide with an increase of more than 13.6 million jobs expected in the sector.

The Mumbai Roadshow supported by the Tourism Promotions Board Philippines marked the culmination of its four-city journey. The roadshow served as a testament to the unyielding dedication of Philippines Tourism in showcasing its enchanting destinations and cultural riches.   Operating as a dynamic forum, the event united stakeholders and industry experts for a symposium of valuable interactions/productive meetings: all focused on the diverse attractions of the Philippines as a magnetic tourist destination. With the presence of 60 potential trade partners, the show concluded triumphantly.  As in the case of the three preceding cities, the roadshow marked the participation of 14 prominent entities from the private sector in the Philippines. This group included Ark Travel Express, bai Hotel Cebu, Department of Tourism Central Visayas, Dusit Hotels & Resorts, Gi Philippines, Lalaguna Villas Luxury Dive Resort and Spa, Okada Manila, Philippine Airlines, Plantation Bay Resort and Spa, Scoot, Shangrila, Shroff International Travel Care, The Farm at San Benito, and Uni Orient Travel.  Shahlimar Hofer Tamano, Undersecretary for Tourism, Regulation Coordination & Resource Generation of the Department of Tourism, and concurrently the Director of Regional Office VII, said, “The resounding positive feedback we have encountered so far has left us deeply moved. We are envisioning the Philippines as an up and coming tourism destination for our esteemed Indian partners, and we extend a heartfelt invitation to all to experience the beauty of our wonderful country.”  Maria Margarita Nograles, COO of Phillipines Tourism Promotions Board added, ‘’ The Phillipines once again embarks on the transformational journey in creating awarenss and to share with the world how beautiful our country is. The place where one can experience adventure in paradise like destinations and discover the vibrant …

Julia Simpson, President and CEO, WTTC, has said that in 2022, there were 37.2 million people employed in the travel and tourism sector in India. “By the end of this year, we expect 39 million people to be employed in this sector,” she added.

The total contribution of Travel & Tourism to employment was 41,622,500 jobs in 2017 (8.0 per cent of total employment), according to a report by World Travel and Tourism Council. This will rise by 3.1 per cent in 2018 to 42,898,000 jobs (8.1 per cent of total employment). By 2028, travel and tourism is expected to support 52,279,000 jobs (8.4 per cent of total employment), an increase of 2.0 per cent per annum over the period, the report said. Meanwhile, Travel & Tourism generated 26,148,000 jobs directly in 2017 (5.0 per cent of total employment) and this is forecast to grow by 2.8% in 2018 to 26,883,000. This includes employment by hotels, travel agents, airlines and other passenger transportation services (excluding commuter services). It also includes, for example, the activities of the restaurant and leisure industries directly supported by tourists.