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Travel & Tourism sector s contribution to Portugal s GDP dropped by €21 billion in 2020

Travel & Tourism sector’s contribution to Portugal’s GDP dropped by €21 billion in 2020 e World Travel & Tourism Council’s annual Economic Impact Report (EIR) reveals that the dramatic collapse of Portugal’s Travel & Tourism sector has wiped out €21 billion from the nation’s economy. The annual EIR from the World Travel & Tourism Council (WTTC), which represents the global Travel & Tourism private sector, shows the sector’s contribution to GDP dropped 56.4% in 2020. Following 10 consecutive years in which its Travel & Tourism sector’s growth outpaced that of the overall economy, its contribution fell from €37 billion (17.1%) in 2019, to €16 billion (8.1%), just 12 months later, in 2020.

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