Travel to become $21 trillion economy by 2033: Industry report
It will account for more than 11.6 per cent of the global economy, said the World Travel and Tourism Council. Read more at straitstimes.com.
Source: straitstimes.com
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Travel Will Represent a $15.5 Trillion Economy by 2033
By 2033, travel is set to become a $15.5 trillion industry—accounting for more than 11.6% of the global economy. This represents a 50% increase over its $10 trillion value in 2019, when travel represented 10.4% of the world’s gross domestic product.
Source: moneycontrol.com
Travel To Make Up 1 In 9 Jobs By 2033 With $15.5T Economy: Report - Norwegian Cruise Line (NYSE:NCLH), Expedia Group (NASDAQ:EXPE), Hyatt Hotels (NYSE:H), Royal Caribbean Gr (NYSE:RCL), Airbnb (NASDAQ:ABNB), Southwest Airlines (NYSE:LUV), Booking Holdings (NASDAQ:BKNG), Carnival (NYSE:CCL), Delta Air Lines (NYSE:DAL), Walt Disney (NYSE:DIS), Marriott Intl (NASDAQ:MAR)
By 2033, the Travel industry is reportedly expected to account for more than 11.6% of the global economy.
Source: benzinga.com
Travel will represent a $15.5 trillion economy by 2033
This represents a 50 per cent increase over its $10 trillion value in 2019
Source: gulfnews.com
WTTC predicts Germany's Travel & Tourism sector to rebound to 95% of pre-pandemic levels
The World Travel & Tourism Council’s (WTTC) 2023 Economic Impact Research (EIR) today reveals Germany’s Travel & Tourism sector is recovering at pace to recover to within 95% of pre-pandemic levels.
Source: hospitalitynet.org