WTTC report points to tourism recovery in Europe

15-02-23

A new report from the World Travel & Tourism Council (WTTC) has revealed strong signs of recovery in the economic impact of Travel & Tourism in the five 'powerhouse' cities of Western Europe.

The Cities Economic Impact Report, sponsored by Visa and researched in partnership with Oxford Economics, analysed key indicators such as Travel & Tourism's contribution to GDP, employment and traveller spending. The study examined the impact of the sector in London, Paris, Berlin, Rome and Madrid.

The world tourism body's report shows that in 2019, the travel and tourism sector contributed more than $83.5 billion to the economies of the five European capitals, and last year was only 15% down on 2019 at almost $71 billion.