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WTTC

Turkey’s Tourism Sector to Grow at Twice the Rate of National Economy

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WTTC - Turkey's Tourism Sector to Grow at Twice the Rate of National Economy - TRAVELINDEX - EUROPETOURISM.netAnkara, Turkey, May 17, 2022 / TRAVELINDEX / The World Travel and Tourism Council latest Economic Impact Report reveals Turkey’s Travel & Tourism’s GDP is forecasted to grow at an average rate of 5.5% annually between over the next decade, more than twice the 2.5% growth rate of country’s overall economy.

The forecast from the World Travel and Tourism Council (WTTC) shows by 2032, the sector’s contribution to the nations GDP could reach nearly TRY 1,036 billion (US$117 billion), representing 11% of the total economy.

The sector is also expected to create more than 716,000 new jobs over the next decade.

By the end of this year, the sector’s contribution to GDP is expected to grow 15.5% to nearly TRY 607 billion (US$68.5 billion), amounting to 8.3% of the nation’s economy, while employment in the sector is set to grow by 4% to reach more than 2.5 million jobs.

Latest flight booking data from WTTC’s knowledge partner ForwardKeys shows that over the key summer period this year, Turkey is set to be the fourth most popular European hot spots amongst sun-seeking travellers, who will be heading to city destinations such as Istanbul, and the beaches of Antalya, Bodrum, and Dalaman.

The data shows that flight bookings are already overtaking pre-pandemic levels with bookings from the UK up 101%.

Other source markets are also outperforming 2019, with bookings from the U.S., Canada, and Ireland up 57%, 28% and 18% respectively.

Julia Simpson, WTTC President & CEO, said: “The future looks bright for Turkey’s Travel & Tourism sector with its contribution to GDP set to outpace the national economy for the next 10 years, creating almost three quarters of a million new jobs.

“Flight booking data from our partner ForwardKeys clearly shows that this popular destination is set to enjoy a bumper summer season.

“Before the pandemic, Turkey’s economy was highly reliant on international tourism, so its recovery is critical to both the economy and jobs.”

Turkey’s Travel & Tourism sector’s contribution to GDP was 11% (TRY 693.3 billion or US$78.2 billion) in 2019, falling to just 5.1% (TRY 327.2 billion or US$36.9 billion) in 2020, which represented a painful 52.8% loss.

The sector also supported nearly 2.6 million jobs across the country, before suffering an 18% drop, falling to 2.1 million.

WTTC’s latest EIR report also reveals that 2021 saw the beginning of the recovery for the Turkish Travel & Tourism sector.

Last year, its contribution to GDP climbed 60.6% year on year, to reach TRY 525.5 billion (US$59.3 billion).

The sector also saw a recovery of almost 300,000 Travel & Tourism jobs, representing a 14% rise to reach more than 2.4 million.

The global tourism body says the sector’s contribution to the economy and employment could have been higher if it weren’t for the impact of the Omicron variant, which led to the recovery faltering around the world, with many countries reinstating severe travel restrictions.

First published at TravelNewsHub.com – Global Travel News

Tourism to Create 14 Million Jobs in Africa within the Next Decade

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Tourism to Create 14 Million Jobs in Africa within the Next Decade - VISITKENYA.com - TRAVELINDEXNairobi, Kenya, May 14, 2022 / TRAVELINDEX / The World Travel & Tourism Council’s latest Economic Impact Report (EIR) reveals the African Travel & Tourism sector is expected to create almost 14 million new jobs over the next decade.

The positive forecast from the World Travel & Tourism Council (WTTC), which shows an average of 1.4 million new jobs every year, also reveals the sector will lead the economic recovery in the region, with its annual GDP growth set to outpace the overall economy for the next 10 years.

According to the report, Travel & Tourism’s GDP is forecasted to grow at an average rate of 6.8% annually between 2022-2032, more than twice the 3.3% growth rate of region’s overall economy, to reach nearly US$ 279 billion (7.2% of the total economy).

The sector’s contribution to GDP is expected to grow 20.5% to US$ 144 billion by the end of 2022, amounting to 5.1% of the total economic GDP, while employment in the sector is set to grow by 3.1% this year to reach nearly 22 million jobs.

The global tourism body’s annual report also shows further optimism for the region’s Travel & Tourism GDP, which could approach pre-pandemic levels by 2023 – just 9% below 2019 levels.

Julia Simpson, WTTC President & CEO, said: “Africa is clearly bouncing back and is set to experience a significant recovery over the couple of years and looking ahead over the next 10 years, the sector could create almost 14 million jobs.

“However, last year the recovery was significantly impacted by Omicron, which saw many countries reinstating severe and unjustified travel restrictions on several key African destinations.”

Before the pandemic, the Travel & Tourism sector’s contribution to the region’s GDP was 6.8% (US$182.4 billion) in 2019, falling to just 3.8% (US$96.5 billion) in 2020 when the pandemic was at its height, nearly halving the contribution of such a crucial sector to the economy with a 47.1% decline.

The sector also supported more than 25 million jobs across the region, which after a 22.9% drop, fell to just 19.6 million in 2020.

However, looking back at 2021, WTTC’s latest EIR report reveals a year in which we saw the beginning of the recovery for the region’s Travel & Tourism sector, Travel & Tourism’s contribution to GDP increased 23.5% year on year, to reach more than US$119 billion.

It also saw a recovery of 1.6 million Travel & Tourism jobs, representing a positive 8.2% rise to reach more than 21 million.

First published at TravelNewsHub.com – Global Travel News

Middle East Tourism Sector Expected to Create 3.6 million New Jobs

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WTTC - Middle East Tourism Sector Expected to Create 3.6 million New Jobs - TRAVELINDEX - TOURISMSAUDIARABIA.comRiyadh, Saudi Arabia, may 11, 2022 / TRAVELINDEX / The World Travel & Tourism Council’s latest Economic Impact Report (EIR) reveals the Travel & Tourism sector in the Middle East is expected to create nearly 3.6 million new jobs over the next decade.

Read all the latest WTTC News and Updates here.

The forecast from the World Travel & Tourism Council (WTTC), which shows an average of 360,000 new jobs every year, also reveals the sector will lead the region’s economic recovery, with its average annual growth set to outpace the overall economy for the next 10 years.

According to the report, Travel & Tourism’s GDP is forecasted to grow at an average rate of 7.7% annually between 2022-2032, three times the 2.5% growth rate for region’s overall economy, to reach nearly US$ 540 billion (10.1% of the total economy).

The sector’s contribution to GDP is expected to grow more than 36% to over US$ 256 billion by the end of 2022, amounting to 6.5% of the total economic GDP, while employment in the sector is set to grow by 8.7% this year to reach over six million jobs.

The global tourism body’s annual report also shows further optimism for the region’s Travel & Tourism GDP, which could almost reach pre-pandemic levels by 2023 – just 2.5% below 2019 levels.

Julia Simpson, WTTC President & CEO, said: “After a very difficult couple of years, the future is looking brighter with Travel & Tourism expected to create 3.6 million new jobs across the Middle East over the next decade.

“Looking to this year and the next, the outlook is more positive with both GDP and employment set to almost reach pre-pandemic levels.

“The recovery of the sector in the Middle East last year was certainly slower than expected, due in part to the impact of the Omicron variant.”

Before the pandemic, the Travel & Tourism sector’s contribution to GDP was 8.4% (U.S.$323.6 billion) in 2019, falling to just 4.5% (U.S.$162.6 billion) in 2020, which represented a staggering 49.8% loss.

The sector also supported 6.9 million jobs across the region in 2019.

WTTC’s latest EIR report also reveals that 2021 saw the beginning of the recovery for the region’s Travel & Tourism sector.

Last year, its contribution to GDP climbed 15.9% year on year, to reach US$188.5 billion.

The sector also saw a recovery of more than 390,000 Travel & Tourism jobs, representing a positive 7.6% rise to reach 5.6 million.

The sector’s contribution to the economy and employment could have been higher if it weren’t for the impact of the Omicron variant, which led to the recovery faltering around the world, with many countries reinstating severe travel restrictions.

Since the start of the pandemic, governments across the Middle East have shown total commitment to Travel & Tourism.

Read all the latest WTTC News and Updates here.

Saudi Arabia in particular, has shown great leadership throughout the crisis, pushing for greater regional and global coordination, and making a major investment in Travel & Tourism not only in the country but around the world. The global tourism body believes this support and commitment will speed up the recovery of a sector which is critical to economies and livelihoods around the world.

First published at TravelNewsHub.com – Global Travel News

WTTC Launches Cyber Resilience Report for Global Tourism Sector

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WTTC Launches Cyber Resilience Report for Global Tourism Sector - TRAVELINDEXLondon, United Kingdom, April 28, 2022 / TRAVELINDEX / The World Travel & Tourism Council launched a major new report at its Global Summit in Manila today, to help the sector’s stakeholders understand how cyber resilience is shaping the Travel & Tourism sector and plan for a safer and more robust future.

The report, ‘Codes to resilience’, in joint efforts with Microsoft, draws on comprehensive research and in-depth interviews with cyber security experts in leading Travel & Tourism organisations such as Mastercard, JTB, and Carnival Corporation, among others.

The report shows that whilst the COVID-19 pandemic has propelled the world and the sector into a more digital future, with the opportunities provided by digitalisation, new challenges have emerged, especially in cybercrime.

The inaugural report focuses on three key areas considered critical for the sector: cyber resilience, key issues and six best practices based on the lessons learnt prior to and during the pandemic.

The report goes on to show how digitalisation has become a strong enabler of business within Travel & Tourism, and given the international nature of the sector, it looks at the role of legislation around individual data protection.

According to the report, more than seven out of 10 (72%)SMEs in the UK, the U.S., and Europe, have fallen victim to at least one cyberattack, and with SMEs representing 80% of all Travel & Tourism businesses, mitigating cyber risk must remain a priority for the sector.

Julia Simpson, WTTC President & CEO, said: “Technology and digitalisation play a key role in making the whole travel experience more seamless, from booking a holiday, to checking in for a flight or embarking on a cruise.

“But the impact of cyberattacks carries enormous financial, reputational and regulatory risk.”

This critical report reveals four key issues to address in order to improve cyber protection and enhance resilience: securing identity data, securing business operations, understanding the impact of COVID-19 and managing global legislation.

According to the report, certain actions can help businesses better prepare to repel an attack, while laying the foundation to support long-term cyber resilience. Educating and training all staff, expanding risk security beyond the physical workplace, employing a zero-trust approach to cyber security, and transparency, among others, have been recommended by industry experts as good practices.

Cyber resilience is a crucial element to the future of Travel & Tourism, as cyber systems continue to facilitate and enhance activities between the sector’s stakeholders.

During a panel session at the tourism body’s Global Summit event being held in Manila today, industry leaders heard that cybercrime has cost the global economy U.S.$1 trillion and could reach a staggering U.S. $90 trillion by 2030.

According to the WTTC Economic Impact Report, in 2019, before the pandemic stopped travel in its tracks, the Travel & Tourism sector generated more than U.S. $9.6 trillion to the global economy.

However, in 2020, the pandemic brought the sector to an almost complete standstill, causing a massive 50% drop, representing a severe loss of nearly U.S. $4.5 trillion.

Digitisation has played and will continue to play a pivotal role in Travel & Tourism’s growth and recovery from COVID-19. It is therefore essential for the sector to integrate cyber security and cyber resilience to continue its recovery from the pandemic while supporting its growth in the future.

First published at TravelNewsHub.com – Global Travel News

WTTC Global Summit Announces Saudi Arabia as Next Host of Global Summit

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WTTC Global Summit Announces Saudi Arabia as Next Host of Global Summit - TOURISMSAUDIARABIA.com - TRAVELINDEXManila, Philippines, April 23, 2022 / TRAVELINDEX / At the closing session of its Global Summit in Manila, the World Travel & Tourism Council (WTTC) announced that its 22nd event will take place in Riyadh, capital of the Kingdom of Saudi Arabia, from 29th November to 2nd December this year.

For a comprehensive travel guide on Saudi Arabia, visit TourismSaudiArabia.com

In Manila, more than a thousand delegates, including the world’s foremost business leaders, government ministers and key decision-makers from across the global Travel & Tourism sector gathered together, to discuss how to build upon the continuing recovery.

In her farewell address Julia Simpson, WTTC President & CEO, said: “It has been a privilege to bring together so many leaders from across the global Travel & Tourism sector to the beautiful city of Manila.

“This Summit is living proof that nothing beats getting together, sharing ideas, debating the challenges, and finding consensus.

“We still have a lot of work to do to bring down post-pandemic barriers, open economies and harmonise health data for seamless travel. But the future looks bright, and the next decade is there for the taking.

“We look forward to our 22nd Global Summit later this year in Riyadh, in the Kingdom of Saudi Arabia, to mark the next chapter in the sector’s ongoing recovery.”

Fahd Hamidaddin, CEO and Board Member of the Saudi Tourism Authority, said “We are excited to welcome the world to experience the excitement and the energy of Saudi. We promise you that the next summit will be fresh, inspiring, and rewarding.”

Under the theme of ‘Rediscovering Travel’, tourism ministers and Travel & Tourism leaders from around the world reinforced their determination towards greater cooperation and alignment between the public and private sectors.

At WTTC’s Global Leaders Dialogue session they explored how the sector will continue to adapt to COVID-19 and emerge resiliently from the pandemic.

WTTC’s latest Economic Impact Report also revealed the Travel & Tourism sector was expected to create nearly 126 million new jobs within the next decade and Travel & Tourism’s contribution to GDP could reach pre-pandemic levels by 2023.

WTTC’s major ‘Hotel Sustainability Basics’ sustainability initiative was launched at its Global Summit, providing a starting point to drive sustainability throughout the hospitality sector to power the momentum toward responsible Travel & Tourism.

The global body also launched its new cyber resilience report, ‘Codes to resilience’, with Microsoft, for the global Travel & Tourism sector, which outlined pillars to strengthen cyber security for businesses around the world.

For a comprehensive travel guide on Saudi Arabia, visit TourismSaudiArabia.com

British adventurer Bear Grylls was the conference keynote, alongside other major speakers, including American film producer Lawrence Bender, Singapore-born American novelist and writer of satirical novels Kevin Kwan and Indonesian/Dutch environmental activist Melati Wijsen.

First published at TravelNewsHub.com – Global Travel News

Tourism Leaders Discuss Lessons Learnt from Pandemic at WTTC Global Summit

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Tourism Leaders Discuss Lessons Learnt from Pandemic at WTTC Global Summit - TRAVELINDEX - VISITPHILIPPINES.orgManila, Philippines, April 21, 2022 / TRAVELINDEX / The world’s leading Tourism Ministers and business leaders from the private sector joined together to discuss the important lessons learnt from the COVID-19 pandemic at WTTC’s 21st Global Summit, which is being held in Manila in the Philippines this week.

To have more fun and Experience the Philippines go to VisitPhilippines – It’s More Fun in the Philippines

Ministers and business leaders participated in the event, which enabled those taking part in the forum, to discuss how vital public private partnerships are to the sector’s recovery to ensure a safe and sustainable future for the sector.

Ministers, officials, and business leaders shared their thoughts around the crucial need for increasing cooperation and harmonisation to build upon the continued recovery of the global Travel & Tourism sector.

Reflecting on the theme of the Summit, ‘Rediscovering Travel’, this high-level session explored how the sector will continue to adapt to COVID-19 and emerge resiliently from the pandemic.

From border closures, furlough schemes and digital solutions, those attending discussed the highs and lows from the past two years and identified lessons learnt, best practices and trends and set the pathway for a more resilient and sustainable Travel & Tourism sector.

Julia Simpson, President & CEO, said: “The COVID-19 pandemic presented some of the biggest challenges humanity has ever faced. The Travel & Tourism sector was devastated by it. We were hit 18 times harder than the global economy.

“During these uncertain times and following the war in Ukraine, our sector has once again shown its heart and resilience, standing up and providing shelter, supplies and financial support.

“We’ve had to make the toughest decisions but have also seen the true value of our sector. Our sector has used this an opportunity as a catalyst for change, to ensure we move into the future more inclusively, sustainably, and resiliently.”

Among those participating in WTTC’s Global Leaders Dialogue, moderated by international news journalist Sharanjit Leyl, were government ministers from Bangladesh, the European Parliament, India, Japan, Maldives, Philippines, the Kingdom of Saudi Arabia, South Africa, Thailand, and the United States.

The Philippines was represented by Her Excellency, Bernadette Romulo-Puyat, Secretary, Philippines Department of Tourism.

The private sector was represented by some of the world’s top Travel & Tourism business leaders, including Arnold W. Donald, President and CEO, Carnival Corporation and WTTC Chair, Dan Richards, CEO of Global Rescue, Federico J. Gonzälez, President and CEO, Radisson Hotel Group, Gilda Perez Alvarado, CEO JLL Hospitality, Hiromi Tagawa, Executive Advisor JTB Corp., and Sandra García-Sanjuán, President Starlite Festival and Foundation.

To have more fun and Experience the Philippines go to VisitPhilippines – It’s More Fun in the Philippines

The attendees also discussed what the next challenges will be and how the sector could best unlock and maximise its potential to create a long-lasting positive impact.

First published at TravelNewsHub.com – Global Travel News

WTTC Welcomes Removal of Travel Health Notice for Cruises

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WTTC Welcomes Removal of Travel Health Notice for Cruises - TRAVELINDEXLondon, United Kingdom, April 19, 2022 / TRAVELINDEX / Julia Simpson, WTTC President & CEO said: “The decision by the U.S. Centers for Disease Control and Prevention (CDC) to remove the Travel Health Notice for cruising is well-deserved recognition that the industry has been sailing millions of travelers for many months with highly effective protocols that make cruising among the world’s safest forms of socializing and travel.

“The cruise industry has gained strong momentum in recent months, with many travelers anxious to again begin enjoying holidays with family and friends, and the CDC’s decision begins to help level the playing field between cruise and land-based vacation options.

“This is also welcome news to the extensive network of suppliers, many of whom are small businesses, that depend on cruise for their success, which will continue to help provide significant positive impacts for economies and employment in countries and regions around the world.”

First published at TravelNewsHub.com – Global Travel News

WTTC Addresses EU Ministers to Discuss Recovery of Tourism

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WTTC Addresses EU Ministers to Discuss Recovery of Tourism - EUROPETOURISM.net - TRAVELINDEXLondon, United Kingdom, March 24, 2022 / TRAVELINDEX / The World Travel & Tourism Council (WTTC) was invited to address EU Tourism Ministers on behalf of the private sector at a closed high-level meeting in Dijon today.

For the European Tourism portal , Interconnecting European Tourism, go to EuropeTourism.net

Julia Simpson, WTTC President & CEO praised European Ministers for their resolve and solidarity with the people of Ukraine. WTTC was present to highlight the importance of the recovery of tourism for Europe creating employment for 24 million in the EU.

During this landmark event, Julia Simpson said: “WTTC and its members stand with the people of Ukraine. First and foremost, this is a humanitarian disaster as well as an economic one. We have all witnessed the shocking scenes on our TV screens and our hearts go out to the innocent victims.

“After almost two years without international travel, the loss of businesses and millions of jobs, we can finally see light at the end of the tunnel.

“If restrictions continue to be removed, the sector could employ almost 24 million people across the EU and contribute some €1.3 trillion to the region’s economy this year.

“As Presidency of the Council of the European Union, France is in a unique position to make a real difference. Europe’s recovery is at a critical juncture. We need to keep the economy open and restore unrestricted travel.”

Julia also highlighted the importance of a sustainable recovery and addressed the role EU ministers can play in reducing carbon emissions by 25 million tons of carbon a year.

For the European Tourism portal , Interconnecting European Tourism, go to EuropeTourism.net

“Aviation is making great strides in sustainability, but it needs urgent support. For 20 years airlines have been promised a Single European Sky allowing planes to fly on the shortest routes. Today planes zig zag across Europe burning extra fuel. The time for talking is over. If the EU is to meet its sustainability targets, it must act.”

First published at TravelNewsHub.com – Global Travel News

WTTC on Removal of Tests for Fully Vaccinated Travellers to Saudi Arabia

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WTTC on Removal of Tests for Fully Vaccinated Travellers to Saudi Arabia

Riyadh, Saudi Arabia, March 10, 2022 / TRAVELINDEX / Lifting flight bans will provide a “significant boost” to businesses across the country. Julia Simpson, WTTC President & CEO of the World Travel & Tourism Council said: “WTTC welcomes the government’s decision to remove testing for those who are fully vaccinated travelling to the Kingdom. This move, alongside lifting flight bans to and from many countries, will provide a significant boost to businesses across the country.

“The Saudi Arabian government recognises the importance of our sector and has shown total commitment to the recovery of Travel and Tourism both nationally and globally. It has shown strong leadership throughout the crisis and is making an unprecedented investment in Travel and Tourism.”

First published at TravelNewsHub.com – Global Travel News

China’s Tourism Sector Could Reach CNY 11 trillion in 2022

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China’s Tourism Sector Could Reach CNY 11 trillion in 2022 - TRAVELINDEXBeijing, China, February 21, 2022 / TRAVELINDEX / New research from the World Travel & Tourism Council (WTTC) has revealed China’s Travel & Tourism sector’s contribution to GDP could reach CNY 11 trillion this year, just 5.2% short of pre-pandemic levels. In 2019, before the pandemic struck, China’s Travel & Tourism sector’s contributed CNY 11.5 trillion to GDP (11.6% of the country’s economy).

However, in 2020 the pandemic had a major impact on the sector and Travel & Tourism’s contribution to the Chinese economy fell by a staggering 59.9%, to CNY 4.6 trillion.

Latest research from the global tourism body shows that as the national economy begins to recover, the contribution of the sector to the country’s economy and jobs could reach almost pre-pandemic levels this year.

WTTC research shows that if China, with more than 87% of its population already fully inoculated, begins to ease restrictions throughout the year, the sector’s contribution to GDP could reach CNY 11 trillion in 2022, just 5.2% behind pre-pandemic levels.

After a loss of more than 16 million jobs in 2020, when Travel & Tourism businesses in China suffered serious losses due to severe travel restrictions and complete border closures, most of these could be recovered if the country continues to focus on its Travel & Tourism sector and particularly reopening its borders to international visitors.

The sector could recover more than 14 million jobs to reach nearly 81 million jobs in 2022 – just 1.7% below 2019 levels.

Julia Simpson, WTTC President & CEO, said: “China is a critical player in the global Travel & Tourism sector. It has done well to drive domestic tourism during the pandemic, but international travel has come to a halt. The benefits to opening borders represent a boost in both economic wealth and jobs.

“Our latest research shows 2022 could bring a strong recovery for Travel & Tourism globally, with pent-up demand and vaccination rates driving the recovery of this economically boosting sector.

“Millions of livelihoods depend on a thriving Travel & Tourism sector, but there is still work ahead if we want to achieve a full economic recovery and bring back all the jobs that were lost.”

A look at the Asia Pacific region

WTTC’s research shows the forecast for the Asia Pacific region could be equally positive, with the region’s Travel & Tourism sector also approaching pre-pandemic levels this year.

According to the research, the sector’s contribution to the region’s GDP could reach CNY 20 trillion (USD 2.9 trillion), near pre-pandemic levels, while employment could reach over 190 million jobs, surpassing 2019 figures and providing an additional five million jobs to the sector.

To reach close to pre-pandemic levels this year, WTTC says the Chinese government and governments around the world must continue focussing on the vaccine and booster rollout – allowing fully vaccinated travellers to move freely without the need for testing.

The global tourism body also urges governments to ditch the patchwork of restrictions and enable international travel using digital solutions that allow travellers to prove their status in a fast, simple, and secure way.

First published at TravelCommunication.net – Global Travel News

First published at TravelNewsHub.com – Global Travel News