World Travel & Tourism Council (WTTC), which represents the global travel and tourism private sector, recently revealed a new report detailing the critical role that the industry will have in the America's economic recovery, once the COVID-19 pandemic has been combatted.
The World Travel & Tourism Council [WTTC], the global body that represents the private sector of the Travel & Tourism industry, has announced a partnership with the Saudi Commission for Tourism and National Heritage to make Saudi Arabia a top five inbound destination, with 100 million international and domestic visits, by 2030.
2018 saw strong growth for Egyptian travel and tourism as it became the fastest-growing country in North Africa, growing by 16,5 percent - second only to Ethiopia when reviewing the whole continent.
Travel and tourism in Africa is booming, growing 5,6 percent in 2018 compared to the global average of 3,9 percent and the broader African economy rate of 3,2 percent. This places Africa as the second-fastest growing tourism region behind only Asia-Pacific.
The World Travel & Tourism Council (WTTC) released its annual Cities Report at the WTTC Asia Leaders Forum in Macau, SAR. The Report covers 72 of the world’s most important tourism cities, which together generated over USD625 billion contribution to GDP in 2017 (24,3 percent of global Travel & Tourism GDP).
The world’s top 10 cities in terms of tourism market size are: Shanghai (USD35 billion), Beijing (USD32.,5 billion), Paris (USD28 billion), Orlando (USD24,8 billion), New York (USD24.8 billion), Tokyo (USD21,7 billion), Bangkok (USD21,3 billion), Mexico City (USD19,7 billion), Las Vegas (USD19.5 billion) and Shenzhen (USD19 billion).
The world’s top 10 cities in terms of job creation are: Jakarta, Beijing, Mexico City, Shanghai, Bangkok, Chongqing, Delhi, Mumbai, Ho Chi Minh City, Shenzhen.
Gloria Guevara, CEO, WTTC, said that with 54 percent of the world’s population living in urban areas, cities have become global economic hubs, driving growth and innovation. They attract huge quantities of people who travel to experience their culture, do business, and live. This growth has also resulted in a rise in city tourism is trend which is forecasted to maintain momentum.
The report highlights the crucial importance of cities to Travel & Tourism worldwide, and likewise how vital this sector is to the economy. Over half a billion trips are made to cities annually representing 45 percent of global international travel.
Highlights from the Report include:
• Cairo was the fastest growing city in 2017 in terms of Travel & Tourism GDP contribution (34,4 percent), followed by Macau (14,2 percent).
• Four of the five fastest growing cities over the past 10 years are located in China: Chongqing, Chengdu, Shanghai, Guangzhou.
• Shanghai is ranked as the largest city by Travel & Tourism volume in 2017. By 2027, Shanghai is expected to be double the size of Paris in terms of Travel & Tourism’s direct contribution to GDP.
• Bangkok (50,4 percent), Paris (29,8 percent), Mexico City (24 percent) and Tokyo (20,2 percent) are the biggest contributors to their country’s Travel & Tourism GDP.
• In terms of domestic vs. international spend, New York sets an example as a city with a remarkable balance (52,7 percent versus 47,2 percent). Meanwhile, Paris relies heavily on international spend and Beijing on domestic.
COMPLIMENTING ITS ALLURING PULL AS A RICH HISTORICAL AND CULTURURAL DESTINATION, EGYPT IS ALSO A TOP CHOICE FOR THOSE SEEKING TO UNWIND AND THOSE SEARCHING FOR THE ULTIMATE THRILL.
AMIDST A NATIONAL TOURISM STRATEGY (NTS) AIMING TO DOUBLE THE NUMBER OF INTERNATIONAL TOURIST ARRIVALS BY 2020, OMAN CONTINUES TO DIVERSIFY ITS OFFERING SHOWCASING ITS UNIQUE CULTURAL HERITAGE AND DIVERSE SHOPPING OPPORTUNITIES.
CONTINUING ITS DRIVE TO REGAIN ITS INTERNATIONAL REPUTATION AS A WORLD-CLASS DESTINATION, EGYPT IS FINALLY ENJOYING THE BENEFITS FROM AN EXTENDED PERIOD OF PEACE AND STABILITY INVITING A WIDER BREADTH OF DEMOGRAPHICS, INCLUDING FAMILIES WITH DIFFERENT NEEDS, TO EXPLORE ITS DIVERSIFIED PRODUCT.
In his appraising words for Saudi Arabia's plans, Scowsill also noted, "In order to ensure that the increase in tourism investment will lead to the expected growth, [WTTC] encourages the Saudi Arabia's government to adopt visa policies that welcome all travellers for business and leisure purposes."