Travel & Tourism sector’s contribution to global GDP could reach $8.6 trillion in 2022, says WTTC

As the Travel & Tourism sector begins to recover from the COVID-19 pandemic, its contribution to the global economy could reach $8.6 trillion this year, according to a study by the World Travel and Tourism Council. Prior to the pandemic, the Travel & Tourism sector generated nearly $9.2 trillion to the global economy in 2019. However, in 2020, the pandemic killed the sector, causing a massive 49.1% drop, representing a loss of nearly $4.5 trillion.