Travel & Tourism currently accounts for over 10% of the world’s GDP, and approximately 1 in 10 of all jobs. With the cost of air travel continuing to decline and the growth in the number of middle income ‘new travelling’ households set to rise rapidly, the sector is set for sustained growth, outstripping many of the world's major economies.
In the next decade, the World Travel & Tourism Council (WTTC) forecasts show that Travel & Tourism’s direct contribution to GDP is expected to grow at an average of 3.8% per year. As a result, the sector will contribute an average 9 million new jobs per year, providing secure livelihoods for communities across the globe.
But this growth depends upon the optimum business and legislative environments. To this end, WTTC focuses on three key areas:
Security and travel facilitation
Encouraging collaboration and finding innovative ways to promote seamless, secure travel.
Crisis preparedness and response
Working with stakeholders to ensure the private sector is integrated in planning and response for crises both man-made and natural.