Wttc News

WTTC: China leads globe in tourism investment

WTTC: China leads globe in tourism investment

China is one of the most successful examples of where prioritisation of tourism in government policy leads to higher income and more jobs, according to the World Travel & Tourism Council. Speaking at the Global Tourism Economy Forum in Macau, WTTC president David Scowsill emphasised the power of tourism to drive economic growth and create jobs and highlighted the government of the People’s Republic of China’s recognition of this.

WTTC: ASEAN to see one in ten tourism investment dollars by 2026

WTTC: ASEAN to see one in ten tourism investment dollars by 2026

One in ten of all tourism investment dollars will go into ASEAN countries over the next ten years, according to new research by the World Travel & Tourism Council. According to the research, Travel & Tourism Investment in ASEAN, over the years 2016 – 2026, 9.7 per cent (nearly one in ten dollars) of global investment in tourism will be in ASEAN. Travel investment in ASEAN over the next decade will total US$782 billion, which is 7.4 per cent of all investment in the region.

WTTC: Tourism resilient to terrorism, Brexit and macroeconomic challenges

WTTC: Tourism resilient to terrorism, Brexit and macroeconomic challenges

Global tourism continues to register strong growth despite challenges from terrorism, political turmoil, global economic developments, and the Brexit decision, according to new research by the World Travel & Tourism Council. The update of WTTC’s Economic Impact Reports 2016 shows that, despite the many challenges tourism has faced in the first six months of 2016, the sector is still expected to grow by 3.1 per cent, outpacing global economic growth forecast at 2.3 per cent.

WTTC: Tourism key driver for international peace

WTTC: Tourism key driver for international peace

With terror and security scares against tourists filling many headlines in the past few months, the World Travel & Tourism Council has launched a new report quantifying for the first time the links between tourism and peace. While tourism has often been recognised for its ability to drive peace, security and understanding, to date, there has been little empirical evidence to support this link.

Lawless voted chairman of World Travel & Tourism Council  

Lawless voted chairman of World Travel & Tourism Council  

The World Travel & Tourism Council has announced the election of Gerald Lawless to the role of chairman. Lawless, former group chief executive officer of Jumeirah Group and now Head of tourism and hospitality at Dubai Holding, is a leading figure in the world of tourism and hospitality. In his 18 years as chief executive of Jumeirah Group, he spearheaded the growth of the hotel chain to one of the best-known luxury hospitality brands in the world, expanding the company’s portfolio to 22 hotels in 11 destinations and establishing Burj Al Arab Jumeirah as the most luxurious hotel in the world.

WTTC Global Summit 2016: Bangkok revealed as host for 2017 Global Summit

WTTC Global Summit 2016: Bangkok revealed as host for 2017 Global Summit

The World Travel & Tourism Council has revealed the annual Global Summit will be hosted by Bangkok, Thailand on April 26th-27th 2017. WTTC president David Scowsill said: “The WTTC Global Summit is the most influential tourism event of the year, bringing together hundreds of leaders from public sector organisations and private sector companies to discuss and tackle the most important issues in our sector.”

WTTC: Tourism worth $7.2tr to global economy

WTTC: Tourism worth $7.2tr to global economy

The World Travel & Tourism Council has launched its annual Economic Impact Report 2016, revealing tourism added 7.2 million jobs to the global economy and contributed over USD$ 7.2 trillion in GDP. The Economic Impact Reports, WTTC’s flagship annual research, provide economic data on the contribution of the tourism sector on a global level as well as for 184 countries and 24 regions.