Specifically, total contribution of Travel & Tourism to GDP and Employment positively and significantly affects Social Progress Index scores; with China, Cambodia, Rwanda and Sri Lanka highlighted as particularly strong performers. The World Travel & Tourism Council (WTTC) represents the Travel & Tourism sector globally. The paper also shows that for every $1 generated in direct Travel & Tourism GDP globally, more than $2 is generated indirectly. Madrid, Spain, 18-19 January 2021 . A man wearing a face mask works in the Sharm El-Sheikh museum for its reopening in Sharm El-Sheikh, Egypt, June 20, 2020. For more information about U.S. Travel, please contact us at: Copyright © 2021 by U.S. Travel Association. This means that more than twice as much value is generated across the entire supply chain thanks to Travel & Tourism. Rose Dykins reports. This research, undertaken in collaboration with the Social Progress Imperative (SPI), shows significant correlations between WTTC’s Economic Impact Report data and Social Progress Index scores over the last decade. The WTTC estimates that nearly 12.1 million jobs in the U.S. supported by travel and tourism are at risk of being lost in a “worst case” scenario mapped out by WTTC economic modelling. “After nearly a full year of insecurity and hardship that has come from the COVID-19 pandemic, the time could not be more appropriate to celebrate the importance of the sector.”. This stamp is recognized worldwide, and has helped … The World Travel & Tourism Council’s (WTTC) annual research shows that the Travel & Tourism sector not only accounts for over 10% of global GDP but for one in ten jobs on the planet, and one in four new jobs created globally in the last five years. Read More Winners Featured Videos Best in Travel BTN. According to the report, the sector has enriched people at a faster rate than the overall economy. Aaron Szyf is an economist at the U.S. Travel Association. London, UK: The World Travel & Tourism Council (WTTC), which represents global Travel & Tourism private sector, has released a new Social Impact Paper focusing on the Travel & Tourism sector, which has been compiled to showcase the importance of Travel & Tourism as a driver of social impact. As a result, the WTTC’s 2019 international visitor spending figure of $195 billion is larger than U.S. Travel’s 2019 international spending figure of $155 billion. 28/08/2020 Read more. 6 tips for healthy & sustainable travel for you, those around you, and the planet. On September 2, the World Travel and Tourism Council (WTTC) released estimates of the economic impact of the collapse of international travel to the U.S. in 2020, which includes daily economic losses, total economic losses for the year, and the number of travel and tourism-supported jobs lost. Title: WTTC AGM Author: Sarah Jukes Created Date: 6/27/2019 2:37:18 PM Germany looks set to lose €38 billion from missing tourists and visitors due to pandemic, says WTTC. This places millions of livelihoods at risk and threatens to roll back … Travel & Tourism Economic Impact 2020 (2019 Figures) 2.5 % Global GDP growth 3.5 % Travel & Tourism GDP growth 330 mn Jobs supported by Travel & Tourism 1/10 Jobs supported by Travel & Tourism 10.3 % Travel & Tourism total contribution to global GDP 1/4 of all new jobs created came from Travel & Tourism 78.6 % Leisure Spend 28.7 % International 71.3 % Domestic Spend 21.4 % vs … Measures to Support Travel and Tourism Tourism Recovery Tracker. World Travel and Tourism Council Give Ethiopia The Safe Travels Stamp. Europe 2020 winners announced. 2 min read. World Travel and Tourism Council: one million jobs a day being lost due to coronavirus 20 Mar 2020 by Mark Caswell The World Travel and Tourism Council (WTTC) says … The World Travel & Tourism Council [WTTC], which represents the global Travel & Tourism private sector, and the Government of Quintana Roo in Mexico, have announced that the 20th Global Summit will take place in the Autumn of 2020. Although both receive their data for historic spending directly from the U.S. Department of Commerce, the WTTC includes passenger fares in their estimates while U.S. Travel omits passenger fares in order to align with domestic travel spending estimations. View Profile ›. The idea is to give travellers peace of …