The World Travel and Tourism Council predicts that the global tourism industry will reach a record high of $11.1 trillion in 2024.
According to the latest World Economic Impact Report by the World Travel and Tourism Council and Oxford Economics, tourism now supports 348 million jobs worldwide, an increase of more than 13.6 million jobs compared to 2019. Of the 185 countries included in the World Travel and Tourism Council’s statistics, 142 countries are expected to break the previous record for tourism revenue.
In 2023, the vigorous development of the global tourism industry demonstrates the resilience of the industry and plays a key role in the development of the global economy. In 2023, tourism will account for 9.1% of global GDP, or just over $9.9 trillion, just 4% below its all-time high in 2019. International travel spending rose 33.1 percent to $1.63 trillion.
The rapid recovery of global tourism in 2023 sets the stage for a record year in 2024. The tourism industry is at a key point of development and change, and will create more brilliant. The World Travel and Tourism Council predicts that by 2034, tourism will contribute $16 trillion to global economic growth, accounting for 11.4 percent of the global economy and 12.2 percent of the overall labor market, playing a key role in the job market.
Julia Simpson, President and CEO of the World Travel and Tourism Council, said that the significance of the increase in tourism output is not only breaking historical records, but also highlighting the important role of the global tourism industry after a difficult development, in providing economic development and creating millions of jobs around the world.
