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What is travel and tourism’s role in future global prosperity? Why travel and tourism have a role to play in future global prosperity The recently released World Economic Forum’s Global Risk Report 2024 sheds light on the short- and long-term risks that the world faces According to the report’s survey results, economic and societal risks, such as inequality, inflation, migration, and economic
The future of travel and tourism as per 4 sector leaders | World . . . The global travel and tourism sector’s post-pandemic recovery is gaining pace as the world’s pent-up desire for travel rekindles The difference in international tourist arrivals in January 2021 and a similar period in January 2022 was as much as the growth in all of 2021 However, with $4 5 trillion in GDP and 62 million jobs lost in 2020
How we make travel and tourism inclusive and sustainable The travel and tourism sector’s potential for advancing socio-economic prosperity is particularly impactful through the support of micro-, small-, and medium-sized enterprises The global travel sector forecast is in and it's sunny skies ahead Through March 2024, consumer spending on travel remains strong, and passenger traffic has soared
3. Global context - Travel Tourism Development Index 2024 | World . . . Travel Tourism Development Index 2024 3 Global context With 2024 in full swing, the global T T sector is on track to move past the COVID-19 pandemic lows and even exceed the pre-pandemic highs Driven by the lifting of pandemic-related travel and other restrictions and strong pent-up demand, international tourist arrivals are expected to
How is the travel and tourism industry recovering? - The World Economic . . . The sector is a major driver of economic development, global connectivity and the livelihood of some of the populations and businesses most vulnerable to, and hard hit by, the pandemic In 2019, T T’s direct, indirect and induced GDP accounted for about 10% of global GDP For many emerging economies, T T is a major source of export revenue
This chart shows how global air travel is faring - The World Economic Forum Air travel has picked up this year following COVID-19 disruptions in 2020 and 2021 However, weekly seat capacity on commercial passenger airlines is still some way below 2019 levels There are also regional differences in how airlines have recovered following the pandemic As international travel was brought to an abrupt halt in 2020 at the
Tourism is Back to Pre-Pandemic Levels, but Challenges Remain International tourist arrivals and the travel and tourism sector’s contribution to global GDP are expected to return to pre-pandemic levels this year, driven by the lifting of COVID-19-related travel restrictions and strong pent-up demand, as per the new World Economic Forum travel and tourism study, released today Topping the 2024 list of economies are the United States, Spain, Japan
Here’s what global travel could be like after COVID-19 COVID-19 has upended global travel and brought the world to a standstill For the first time in history, close to 90% of the world’s population now lives in countries with travel restrictions Airlines, travel companies and the tourism sector as a whole are among the most affected businesses An estimated 25 million aviation jobs and 100
These are the top 10 countries for travel and tourism The top three best-placed countries for travel and tourism are the US, Spain and Japan, according to the World Economic Forum’s Travel Tourism Development Index If you were desperate to get away after the restrictions and enforced staying at home of the pandemic years, you were far from alone Global international tourist arrivals are
3. Global context - Travel Tourism Development Index 2021: Rebuilding . . . The COVID-19 pandemic has been the worst crisis the global Travel and Tourism sector has faced in modern times Lockdowns, travel restrictions, consumer fears and economic downturns led to a loss of $4 5 trillion in T T GDP and 62 million jobs in 2020 alone 3 While increasing vaccination rates, easing of travel restrictions and economic growth