Tag Archives: World Travel and Tourism Council

World Travel and Tourism Council says that by 2033, tourism sector will grow its GDP contribution to $15.5 trillion, i.e. 11.6% of the global economy, and will employ 430mn people around the world, with almost 12% of working population in the sector.

Leaders of the global tourism industry praised the Philippines’ successful hosting of the 21st Global Summit of the World Travel and Tourism Council (WTTC) as it closed with high hopes for an industry battered by two years of the pandemic. “I’m not often stumped for words, but I am now. Wow! What an amazing summit. We really have rediscovered travel,” said Julia Simpson, president and CEO of the WTTC, who considered the “extraordinary Philippine welcome” as her personal highlight of the two-day summit. “That warmth, that passion, that generosity, that smile. I haven’t walked out one corridor without people saying to me ‘Good morning!’. It’s incredible. You live it. It’s not a show – it really is in your DNA,” she said after the closing ceremony. In her closing speech, Simpson said the success of the summit was “testament that the country’s tourism industry is well on its feet.” The summit, which gathered world leaders of the tourism industry, has given the Philippines the opportunity to showcase “how beautiful the country is,” Tourism Secretary Berna Romulo-Puyat said on Friday. She said the Philippines is now a top-of-mind destination for delegates, many of whom had decided to stay to savor the rest of the country where “we are setting an example of how to open safely.” “This has been a wonderful global summit and, to echo your brand campaign, we certainly had lots of fun in the Philippines. This is an experience all the delegates of the Summit can definitely attest to,” WTTC Chairman Arnold Donald  said in his closing address. Gloria Guevara, special advisor of Saudi Arabia’s Ministry of Tourism and former president and CEO of WTTC, said the Philippines …

Ras Al Khaimah (RAK) Tourism Development Authority has confirmed that RAK has become the first city in the world to be certified as a ‘Safe’ destination by Bureau Veritas, the global leader in testing, inspection and certification services, having completed the ‘Safeguard Assurance’ programme. It has also become the first emirate to receive World Travel and Tourism Council’s (WTTC’s) Safe Travels Stamp. Through a strategic partnership with Bureau Veritas, the Authority has led the way in implementing stringent health, safety and hygiene measures across all Ras Al Khaimah hotels to mitigate any possible risk for employees and guests, and provide complete confidence in the destination. Through an ongoing series of independent audits of all its hotels in the Emirate, the partnership was designed to further validate the measures and processes already in place, and takes RAKTDA’s ‘Stay Safe’ Hotel Certification Program to the next level. In addition, the almost-50,000sqft Al Hamra International Exhibition & Conference Center is following the detailed protocols developed by Bureau Veritas’ global health, safety and hygiene specialists, and will become the first certified MICE (meetings, incentives, conventions & events) facility in the region. Adding to the global validation, Ras Al Khaimah is the first Emirate in the UAE to receive the World Travel and Tourism Council’s (WTTC) Safe Travels Stamp, the world’s first ever global safety and hygiene stamp for the travel and tourism industry, designed specifically to address COVID-19 and similar outbreaks. The protocols were developed in collaboration with WTTC members (including RAKTDA), leading industry associations and international organisations, and covers operational and staff preparedness, ensuring a safe experience, re-building trust and confidence and implementing enabling policies. It also follows the current guidelines of the …

The India Brand Equity Foundation (IBEF), in its latest report titled ‘Tourism and Hospitality’ has ranked India as eighth in the world in 2017 in terms of absolute direct contribution of travel and tourism to its GDP. The tourism and hospitality sector’s direct contribution to GDP in 2017, was Rs 5.94 trillion (US$91.27billion). This is expected to reach Rs 12.68 trillion (US$194.69billion) in 2028, implying a CAGR of 7.23 percent during 2012-28. According to 2018 report of the World Travel and Tourism Council (WTTC), India was ranked third in the tourism sector. India generated revenue of about US$247 billion in 2018

The female share of employment in tourism in India accounts for 12.1 per cent, according to a latest report by World Travel and Tourism Council (WTTC) titled ‘Travel & Tourism: Driving Women’s Success.’ There could be an 11 per cent increase in global GDP if every country achieved the fastest rate of progress in its region on closing the three key gender gaps of workforce participation, the report states. Travel and tourism can provide women with more opportunities for workforce participation, leadership, entrepreneurship and empowerment than many other sectors, particularly in developing countries and as such it can have a tremendous effect on poverty reduction in rural communities. At the macro level, a stronger representation of women in travel and tourism relative to other areas of economy is due to the sector’s unique characteristics: often less emphasis on formal education and training, greater emphasis on personal and hospitality skills, flexible working opportunities, and increased options for entrepreneurship that do not require heavy start-up financing. While there are wide variations in gender equality by region, socio-economic class, ethnicity and age, women’s labour force participation rates are gradually approaching those of men in many developed countries, supported by public policies including family support, rights to paid leave, and affordable childcare services for working mothers. Women also have some of the highest rates of participation in developing countries, reflecting economic necessity.

Union Minister K J Alphons has said the country’s tourism sector fetched USD 234 billion revenue last year, registering a growth of over 19 per cent. Delivering the inaugural speech at the 2nd ASEAN-India Youth Summit here, he said the country was ranked third in the tourism sector, according to the 2018 report of World Travel and Tourism Council (WTTC). “Last year, India generated USD 234 billion revenue from the tourism sector. While the global revenue growth was 5 per cent, it grew by 19.4 per cent in India,” the Union tourism minister said. This revenue was contributed by 87 per cent domestic and 13 per cent foreign tourists, Alphons said. “From the foreign tourists, we earned USD 27 billion, which grew by 14 per cent compared to global growth of 7 per cent,” he said, adding that around 82 million people are employed in the tourism sector. About spiritual tourism, Alphons said 60-70 per cent of the total domestic tourists fall under this category. “The Indian philosophy is yoga. We see all as one. Yoga is the way of life and it says the entire universe is part of me. If I want to be happy, others have to be happy — this is the philosophy behind yoga. Let us forget physical connectivity, this is the spiritual connectivity between us,” the minister said. Alphons also advocated for a peaceful and sustainable world, free of pollution and damage to the environment. Source: PTI

A recent report by World Travel and Tourism Council (WTTC) suggests that total contribution of tourism to global GDP will grow to USD 12,450.1 billion (11.7% of GDP) by 2028. Further, according to the report, total employment contribution of tourism sector accounts for 9.9 per cent of global employment in 2017, supporting twice as many jobs as financial sector. Travel & Tourism investmentA recent report by World Travel and Tourism Council (WTTC) suggests that total contribution of tourism to global GDP will grow to USD 12,450.1 billion (11.7% of GDP) by 2028. Further, according to the report, total employment contribution of tourism sector accounts for 9.9 per cent of global employment in 2017, supporting twice as many jobs as financial sector. Travel & Tourism investment in 2017 was $882.4 billion, or 4.5 per cent of total investment. It is projected to rise by 4.3 per cent per annum over the next ten years to $1,408.3 billion in 2028 (5.1% of total). Tourism contribution to global GDP (10.4 per cent in 2017) is higher than many other sectors.

Business travel spending is expected to grow at 6.7 per cent in 2018 and rise to 7.0 per cent per annum between 2018E-2028, according to a recent report by World Travel and Tourism Council (WTTC). The emergence of business hubs like Mumbai (Finance), Bengaluru (IT), Chennai (IT) and Delhi (Manufacturing, IT) is likely to boost business travel. Leisure travel spending (inbound and domestic) generated 94.6 per cent of direct travel and tourism GDP in 2017 US$ 201.7 billion compared with 5.4 per cent for business travel spending US$ 11.6 billion. Leisure travel spending is expected to grow at 7.6 per cent in 2018 and rise to 7.1 per cent per annum between 2018E-2028.

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.

India’s business travel industry has grown by 16.2 per cent over the past five years (2011-2016), according to a report by Travelport and World Travel and Tourism Council (WTTC) launched at the WTTC Global Summit 2017 in Bangkok. It has been predicted that Asia-Pacific will lead the way at a predicted rate of 6.2 per cent each year to 2027, with India (7.2%) among the top five countries attributing to the growth. Over the past five years, at a global level, business travel spend has grown at an annual average of 3.6 per cent, with the strongest growth in the past 5 years having taken place in Asia, the Middle East and Sub Saharan Africa. The CEO of Travelport, Gordon Wilson, commented: “Every day we see business travel growing at a significant rate in many emerging markets with technology playing an in increasingly important role in easing the way for those on trips for their work. As an industry we need to continue to invest in the best technologies and infrastructure whilst governments need to be more business-friendly by removing burdensome visa requirements.” David Scowsill, President & CEO, WTTC, said: “Travel & Tourism generates USD$7.6 trillion in GDP and supports over 292 million jobs. Business travel is a vital part of the sector, and it is a key catalyst for global growth. It drives the relationships, investments, supply chains and logistics that support international trade flows.”