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.
Read More »‘Astonishing Recovery’ for Philippines’ tourism sector: WTTC
World tourism executives and scores of delegates from across the global travel and tourism sector gather in iconic Manila for the 3-day 21st World Travel and Tourism Council (WTTC) Global Summit under the theme, “Rediscovering Travel”. Earlier in the opening ceremony at the Manila Marriot Hotel, Tourism Secretary Bernadette Romulo-Puyat welcomed the WTTC delegates attending in person and online, saying the summit “marks the beginning of a new era” for Philippine tourism. “Now is the time for us to revive our connections and engagement with people,” she said. Puyat was joined on stage by WTTC Chair and Carnival Corporation CEO Arnold Donald and WTTC President and CEO Julia Simpson. On the opening day, the Philippines was lauded by the global tourism leaders attending the event on site. “Here in Asia-Pacific, the reopening is just beginning. And I have to say I congratulate the Philippines and Minister Bernadette, a nation that showed determination and courage to reignite travel in this region,” Simpson said. Puyat also served as one of the speakers during the summit’s first panel discussion titled Redefining Travel in a Changing World, sitting alongside Dubai Airports CEO Paul Griffiths, Marriott International Group President Craig S. Smith, and The Global Rescue Companies CEO Dan Richards to talk about how travel and tourism sector continue to offer incredible experiences and drive social progress while still protecting health, preserving the environment, and responding to a rapidly changing landscape. Smith shared that the sector is well on its way to recovery, sharing his surprise at how fast tourism–in the Philippines–has been bouncing back. “I’ve never seen a recovery this fast: average rates, first time interest rates. Take the Philippines for example. We have …
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