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WTTC Announces Powerhouse Lineup for 24th Global Summit

WTTC Announces Powerhouse Lineup for 24th Global Summit

The World Travel & Tourism Council (WTTC) has announced its latest round of high-profile speakers for its upcoming Global Summit, featuring top leaders from the world’s leading Travel & Tourism businesses. Hosted by Tourism Western Australia (TWA), the event will take place in Perth (Boorloo), Western Australia, from 8-10 October. It stands as the pinnacle of the Travel & Tourism calendar.

Indonesia’s Booming Travel & Tourism to Support More Than 12.5 Million Jobs

Indonesia’s Booming Travel & Tourism to Support More Than 12.5 Million Jobs

16 July 2024 Press Release Tourism News Organisations & Operators

The World Travel & Tourism Council (WTTC) 2024 Economic Impact Research (EIR) projects a record breaking year for Indonesia’s Travel & Tourism sector in 2024, with jobs in the sector set to exceed 2019 levels to reach more than 12.5mn. This year, the global body’s annual data foresees a sector filled with opportunities, with other metrics, such as economic contribution and domestic visitor spending, poised to set new records.

Travel & Tourism in Latin America Could Boost Region’s Economy by US$260BN Over the Next Decade

Travel & Tourism in Latin America Could Boost Region’s Economy by US$260BN Over the Next Decade

15 July 2024 Press Release Tourism News Organisations & Operators

The World Travel & Tourism Council (WTTC), in collaboration with VFS Global, revealed that the Latin American (LATAM) Travel & Tourism sector could add nearly US$260BN to the region’s economy and create nearly eight million new jobs over the next 10 years. According to the report, ‘Unlocking Opportunities for Travel & Tourism Growth in LATAM’, this potential growth is dependent on three key policies to unlock annualised growth of 3.4%, reaching a contribution of nearly US$909.2BN.

India’s Travel & Tourism Sector Shows Strong Recovery with Domestic Tourism Leading the Way

India’s Travel & Tourism Sector Shows Strong Recovery with Domestic Tourism Leading the Way

12 July 2024 Press Release Tourism News Organisations & Operators

The World Travel & Tourism Council’s (WTTC) 2024 Economic Impact Research (EIR) reveals a significant recovery of India’s Travel & Tourism sector, with domestic tourism playing a pivotal role. The data shows that whilst domestic tourism is driving the recovery of the sector in India,  international travel spend remains below pre-pandemic levels.

Vietnam’s Travel & Tourism Set for a Record 2024

Vietnam’s Travel & Tourism Set for a Record 2024

8 July 2024 Press Release Tourism News Organisations & Operators

The World Travel & Tourism Council’s (WTTC) 2024 Economic Impact Research (EIR) has today revealed that Vietnam’s Travel & Tourism sector is forecast to inject a record đ770.8TN into the national economy this year. According to the latest research, Travel & Tourism’s contribution to the economy will surge 13% ahead of 2019 levels, accounting for over 7% of Vietnam’s overall economy.

Japan’s Travel & Tourism Sector to Surpass Previous Records in 2024

Japan’s Travel & Tourism Sector to Surpass Previous Records in 2024

5 July 2024 Press Release Tourism News Organisations & Operators

The World Travel & Tourism Council (WTTC) 2024 Economic Impact Research (EIR) forecasts a record-breaking year for Japan’s Travel & Tourism sector, with its economic contribution, job numbers, and visitor spending, all set to reach historic levels. The sector’s contribution to Japan’s economy is expected to reach nearly ¥44.6TN in 2024, marking a 5.7% increase over the 2019 peak demonstrating the vital role of Travel & Tourism, accounting for 7.5% of Japan’s GDP.

Malaysia’s Travel & Tourism Sector Projected to Exceed Previous Heights

Malaysia’s Travel & Tourism Sector Projected to Exceed Previous Heights

3 July 2024 Press Release Tourism News Organisations & Operators

The World Travel & Tourism Council (WTTC) 2024 Economic Impact Research (EIR) projects a significant year of growth for Malaysia’s Travel & Tourism sector, with its economic contribution, employment, and domestic visitor spending expected to break all records this year. According to the latest data, the sector’s contribution to Malaysia’s national economy is set to reach MYR 198.7BN in 2024, surpassing the pre-pandemic levels of 2019 by 1.6%, representing 10.5% of the national economy.

Travel & Tourism in Egypt injected a record E£953BN in the national economy last year

Travel & Tourism in Egypt injected a record E£953BN in the national economy last year

2 July 2024 Press Release Tourism News Organisations & Operators

The World Travel & Tourism Council’s (WTTC) 2024 Economic Impact Research (EIR) has today revealed that the sector’s contribution to Egypt’s GDP grew almost 24% last year to reach a record E£953BN - nearly 21% ahead of the previous peak. The data also shows that across sector jobs, international and domestic visitor spending, the sector fully recovered last year to reach record-breaking levels.

Travel & Tourism set to inject TND 23BN into Tunisia’s economy this year

Travel & Tourism set to inject TND 23BN into Tunisia’s economy this year

1 July 2024 Press Release Tourism News Organisations & Operators

The World Travel & Tourism Council’s (WTTC) 2024 Economic Impact Research (EIR) has today revealed that Tunisia’s Travel & Tourism sector is set to inject a record-breaking TND 23BN into the national economy this year. The latest data shows that across its economic contribution, job numbers, and domestic visitor spending, Travel & Tourism is expected to surpass all previous records this year.

South Korea’s Travel & Tourism Sector Set to Reach New Heights in 2024

South Korea’s Travel & Tourism Sector Set to Reach New Heights in 2024

30 June 2024 Press Release Tourism News Organisations & Operators

The World Travel & Tourism Council (WTTC) 2024 Economic Impact Research (EIR) predicts a remarkable year for Travel & Tourism in South Korea, with significant growth in its economic contribution, employment, and visitor spending. According to the latest data, the sector’s contribution to the national economy is expected to reach a record ₩96.2TN this year, representing a 13.6% year-on-year increase. This contribution underscores the sector’s crucial role, accounting for 4.3% of the nation’s economy.