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    WTTC-travel and Tourism

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    Ali Khavari
    The document discusses the economic impact of travel and tourism from 2019 to 2034. It provides statistics on total GDP contribution, total travel and tourism jobs, domestic vs international spending, and leisure vs business spending. The industry was significantly impacted by the pandemic but is forecasted to continue growing over the next decade.

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    WTTC-travel and Tourism

    Uploaded by

    Ali Khavari
    22 views1 page
    The document discusses the economic impact of travel and tourism from 2019 to 2034. It provides statistics on total GDP contribution, total travel and tourism jobs, domestic vs international spending, and leisure vs business spending. The industry was significantly impacted by the pandemic but is forecasted to continue growing over the next decade.

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    WTTC-travel and tourism

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    The document discusses the economic impact of travel and tourism from 2019 to 2034. It provides statistics on total GDP contribution, total travel and tourism jobs, domestic vs international spending, and leisure vs business spending. The industry was significantly impacted by the pandemic but is forecasted to continue growing over the next decade.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    22 views1 page

    WTTC-travel and Tourism

    Uploaded by

    Ali Khavari
    The document discusses the economic impact of travel and tourism from 2019 to 2034. It provides statistics on total GDP contribution, total travel and tourism jobs, domestic vs international spending, and leisure vs business spending. The industry was significantly impacted by the pandemic but is forecasted to continue growing over the next decade.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
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    TRAVEL & TOURISM:

    ECONOMIC IMPACT 20241


    Total GDP Contribution Total Travel & Tourism Jobs

    10.4% 334MN -69.5MN


    2019

    change

    change
    -48.4%
    2020

    2020
    USD 10.3 TN = 10.5% of global jobs (-20.8%)

    9.1% 330MN
    2024 2 0 2 3

    +23.2% +9.1%
    change

    change
    Annual

    Annual
    (-4.1% vs 2019)
    USD 9.9 TN Total Economy change: +2.7% = 10% of global jobs (-1.4% vs 2019)

    10% 348MN
    Forecast Estimated

    +12.1% +5.5%
    2024-2034 change
    CAGR 2 Annual

    change
    Annual
    (+7.5% vs 2019)
    USD 11.1 TN Total Economy change: +2.2% = 10.4% of global jobs (+4.1% vs 2019)

    11.4% +3.7% 449MN +101.1MN


    2034

    vs 2024
    2034
    USD 16 TN Total Economy CAGR 2: +2.4% = 12.2% of global jobs New jobs

    Domestic vs International Spending Leisure vs Business Spending


    7,000 33.1% 7,000 22.4%
    Absolute Values (in USD Billions)
    Absolute Values (in USD Billions)

    6,000 86.1% 6,000


    37.4%
    Annual change Annual change
    5,000 5,000
    10.0% 33.6% 21.2%
    18.1% 4,000
    4,000 -68.6% 22.5% -57.9%
    - 31.7%
    3,000 29.1% 3,000
    23.9%
    2,000 -46.0%
    - 2,000 -50.9%
    -

    1,000 1,000
    0 0
    2019 2020 2021 2022 2023 2019 2020 2021 2022 2023

    2019 share 72.2% 27.8% 2019 share 79.7% 20.3%


    2023 share 75.3% 24.7% 2023 share 80.2% 19.8%

    1 This data includes the direct, indirect, and induced impact of Travel & Tourism. Source: WTTC and
    WTTC
    Oxford Economics. All values are in constant 2023 prices & exchange rates. As reported in March 2024 Strategic
    2 CAGR: Compound Annual Growth Rate Partners:

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