Travel & tourism to grow faster than global economy

According to the World Travel & Tourism Council (WTTC) , during 2015 the industry’s contribution to global GDP is forecast to grow by 3.7% and employment by 2.6%. This demonstrates the sector’s enduring ability to generate economic growth and create jobs at a faster rate than the global economy, which is due to grow by 2.9% in 2015. Every year, WTTC forecasts the economic impact of the Travel & Tourism sector in 184 countries and 24 regions; for 2015, these forecasts show a sector that is again growing strongly, creating jobs and driving growth. In 2014, the industry contributed US$7,580 billion in GDP and 277 million jobs to the global economy.

By the end of 2015, the Travel & Tourism sector will contribute US$7,860 billion, 10% of global GDP, once all direct, indirect and induced impacts are taken into account. The sector will account for 284 million jobs, 9.5% of total employment, or one in eleven of all jobs on the planet.
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