WTTC projects tourism revenue will only recover 30.7% in 2021, with jobs up less than 1%

    World Travel & Tourism Council (WTTC) stated (06-Oct-2021) the recovery of the travel and tourism sector has been “hampered by the lack of international coordination, severe travel restrictions and slower vaccination rates in some parts of the world which still hamper many regions of the world”. According to the WTTC:

    • The travel and tourism sector’s continued sluggish recovery will see its year-on-year contribution to global GDP rise by 30.7% in 2021, following a drop of 49.1% in 2020. Global tourism spending is forecast at USD1.4 trillion, mainly driven by domestic spending;
    • Travel and tourism employment will recover only 0.7%, after a loss of 62 million sector jobs around the world and with the current pace of recovery, jobs are set to rise by only 0.7% this year. 2022 sector jobs could potentially recover a further 18%. [more – original PR]
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