DID YOU KNOW?

The Travel and  Tourism industry is the largest employer in the world with the ambition to keep growing and developing. Its broad spectrum of employment opportunities includes hotels and restaurants but also many other sectors such as travel agencies, transportation, health and spas, theme parks and casinos to name just a few.

 

The facts below are extracted from the World Travel & Tourism Council (2009) and look very promising:

 

Overall

The Travel & Tourism Economy GDP likely to expand by only 0.3% in 2010. But, looking beyond the current crisis, Travel & Tourism is expected to resume its leading, dynamic role in global growth.

Gross Domestic Product (GDP)

The contribution of Travel & Tourism to Gross Domestic Product (GDP) is expected to rise from 9.4% (US$5,474 bn) in 2009 to 9.5% (US$10,478 bn) by 2019.

Employment

The contribution of the Travel & Tourism economy to total employment is expected to rise from 219,810,000 jobs in 2009, 7.6% of total employement, or 1 in every 13.1 jobs to 275,688,000 jobs, 8.4% of total employment or in 1 in every 11.8 jobs by 2019.

Growth

Real GDP growth for the Travel & Tourism economy is expected to average 4.0% per annum over the coming 10 years.

Exports

Export earnings from international visitors and tourism goods are expected to generate 10.9% of total exports (US$1,980 bn) in 2009, growing (in nominal terms) to US$4,132 bn (9.8% of the total) in 2019.