The world’s top ten cities in terms of job creation through tourism are Jakarta, Beijing, Mexico City, Shanghai, Bangkok, Chongqing, Delhi, Mumbai, Ho Chi Minh City, Shenzhen, according to World Travel & Tourism Council’s (WTTC) Annual Cities Report released recently at the WTTC Asia Leaders Forum in Macau. The world’s top ten cities in terms of tourism market size are: Shanghai (US$35bn), Beijing ($32.5bn), Paris ($28bn), Orlando ($24.8bn), New York ($24.8bn), Tokyo ($21.7bn), Bangkok ($21.3bn), Mexico City ($19.7bn), Las Vegas ($19.5bn) and Shenzhen ($19bn). The report covers 72 of the world’s most important tourism cities, which together generated over $625bn contribution to GDP last year (24.3% of global travel and tourism GDP).
Gloria Guevara, President & CEO, WTTC commented, “With 54 per cent of the world’s population living in urban areas, cities have become global economic hubs, driving growth and innovation. They attract huge quantities of people who travel to experience their culture, do business and live. This growth has also resulted in a rise in city tourism – a trend which is forecast to maintain momentum. Our report highlights the crucial importance of cities to travel and tourism worldwide, and likewise how vital this sector is to the economy. Over half a billion trips are made to cities annually representing 45 per cent of global international travel.”
Of particular note, Chinese cities have matured rapidly over the past decade, and are forecast to continue dominating the growth charts between 2017 and 2027. Shanghai, for example, went from being the eighth largest city in terms of travel and tourism GDP in 2007 to become the largest in 2017 – a position it is expected to maintain until 2027.