The tourism industry is expected to support nearly 348 million jobs by 2024; while tourism spending in major economies such as the US, China, and Germany is expected to contribute the most to GDP.
Tourists take a gondola ride in Venice, Italy. (Photo: AFP/VNA)
According to the annual report of the World Travel and Tourism Council (WTTC), a non-profit membership organization, one in every 10 USD spent globally in 2024, will be on tourism as people rush to book hotels, cruises and flights.
This shows that the demand for tourism is increasing strongly.
The contribution of the travel and tourism industry to global gross domestic product (GDP) is expected to reach new highs as consumers increasingly consider travel an essential part of their budgets.
WTTC estimates that the industry's contribution to global GDP will increase by 12.1% year-on-year to $11.1 trillion in 2024, accounting for 10% of global GDP. This is up about 7.5% from the previous record set in 2019.
“While last year there were concerns that we would be hit by a global recession and high inflation, this year we are aiming to make travel and tourism a real economic driver globally,” said Julia Simpson, CEO of the non-profit.
Tourism spending in major economies such as the US, China and Germany is expected to be the biggest contributor to GDP. The industry is expected to support nearly 348 million jobs by 2024, up from a pre-pandemic record of 13.6 million in 2019. The industry is still hiring to meet the demand for rapid growth.
According to the U.S. Travel Association, the leisure and hospitality industry is short 1 million workers. WTTC estimates that the total number of jobs supported in the U.S. will be around 27 million by 2023.
Source: VNA/Vietnam+
Source: https://baophutho.vn/nganh-du-lich-co-the-dong-gop-ky-luc-11-100-ty-usd-vao-gdp-toan-cau-218241.htm
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