2024 will be record year for tourism, says WTTC
24-05-24
The World Travel & Tourism Council (WTTC) estimates that Tourism's contribution to global GDP will exceed the 2019 peak levels by 7.5%, an additional $770 70 billion (over €710 billion), which will be a record for the industry.
Such a projection derives from the fact that one out of every 10 dollars (more than nine euros) generated by the global economy corresponds to the travel and tourism sector. The Economic Impact Study (EIR) 2024, prepared in collaboration with Oxford Economics, forecasts that 142 countries, out of the 185 analyzed, will exceed their contributions to national economies this year compared to the 2019 figures. Although, major powers such as the United States and China currently perceive a much slower return of international tourism spending.