Why The World Needs Tourism to Recover... ASAP

Why The World Needs Tourism to Recover... ASAP

By Erika Masako Welch, 01 June 2022
The Global Tourism Industry

Tourism is a leading economic driver for most countries around the world. In 2019, travel and tourism accounted for 10.4% of the global GDP ($9.2 trillion USD), though the share was halved to 5.5% global GDP contribution in 2020 due to the pandemic’s restrictions on mobility. The World Travel & Tourism Council expects the sector’s contribution could reach $8.6 trillion by the end of 2022, just 6.4% down from pre-pandemic levels. Travel and Tourism also contributes to 8% of employment around the world, contributing to 330 million jobs worldwide. 

Register & Read for Free

Just login or create a free account to enjoy our content

or

Related Report

Bringing the world to Saudi

Bringing The World to Saudi

What it means for the Kingdom to invest $1 trillion USD over the next 10 years into developing a Tourism Industry projected to be worth $186 billion USD by 2030.

Subscribe To Our Newsletter

Stay up to date with the latest news, special reports, videos, infobytes, and features on the region's most notable entrepreneurial ecosystems