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Tourism will bring $ 8.6 trillion to the world economy – according to the WTTC

The contribution of tourism to world GDP may return to pre-pandemic levels. According to a study by the World Travel and Tourism Council (WTTC), profits in the sector will be $ 8.6 trillion, which is only 6.4 percent less than in 2019, reports DIP with reference to the World Travel & Tourism Council.

In the year before the apparent restrictions, tourism brought the world economy almost $ 9.2 trillion. However, in 2020, the pandemic led to an almost complete shutdown of the sector, which led to a sharp drop of 49.1 percent, ie recorded serious losses of almost $ 4.5 trillion.

Effective coronavirus control methods should be the driver of growth in travel and tourism. If vaccines and boosters continue to spread at the same rate this year, and restrictions on international travel will be eased around the world during the year, 58 million jobs could be created in the sector in 2022. Thus, the total number of jobs will exceed 330 million, only 1 percent below the pre-pandemic level, and 21.5 percent more than in 2020.

According to the President and CEO of WTTC Julia Simpson, the leaders of the countries have to help restore the market.

“As people begin to travel again, governments need to introduce simplified rules, including the use of digital solutions. Traveling in the future must be non-contact, while ensuring security,” she said.

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