{"id":39844,"date":"2024-04-15T09:01:09","date_gmt":"2024-04-15T09:01:09","guid":{"rendered":"https:\/\/www.africa-press.net\/mauritius\/all-news\/travel-tourism-set-to-break-all-records-in-2024"},"modified":"2024-04-15T09:25:59","modified_gmt":"2024-04-15T09:25:59","slug":"travel-tourism-set-to-break-all-records-in-2024","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mauritius\/all-news\/travel-tourism-set-to-break-all-records-in-2024","title":{"rendered":"Travel & Tourism set to Break All Records in 2024"},"content":{"rendered":"

Africa-Press – Mauritius. <\/strong><\/span>The World Travel & Tourism Council (WTTC) is projecting a record-breaking year for Travel & Tourism in 2024, with the sector\u2019s global economic contribution set to reach an all-time high of $11.1 trillion.<\/p>\n

According to the global tourism body\u2019s 2024 Economic Impact Research (EIR), Travel & Tourism will contribute an additional $770BN over its previous record, stamping its authority as a global economic powerhouse, generating one in every 10 dollars worldwide.<\/p>\n

As the global sector soars past its pre-pandemic prosperity, WTTC expects 142 countries of 185 analysed will be outperforming previous national records.<\/p>\n

In partnership with Oxford Economic, WTTC\u2019s latest EIR showcases a sector briming with opportunities, underpinning almost 348MN jobs globally. This represents an increase of more than 13.6MN jobs compared to its highest point in 2019.<\/p>\n

International visitor spending is expected to come within touching distance of the 2019 peak, to reach $1.89TN, while domestic tourists are forecast to spend more than in any year on record to hit $5.4TN.<\/p>\n

A look back on last year<\/p>\n

Despite economic uncertainties and geopolitical shake-ups, the Travel & Tourism sector is thriving. With an economic injection of nearly $10TN, the sector matched its pre-pandemic zenith, flexing its resilience and proving its critical role in the global economy.<\/p>\n

Representing 9.1% of global GDP at just over $9.9TN in 2023, Travel & Tourism\u2019s financial footprint was the largest it\u2019s been since the golden year of travel in 2019, trailing its peak by a mere 4%.<\/p>\n

The sector also bolstered its workforce by an additional 27.4MN, propelling the total to nearly 330MN jobs worldwide.<\/p>\n

International spending increased by 33.1% to reach $1.63TN, underscoring a vibrant comeback story for many countries around the world, with domestic spending increasing by more than 18% to reach almost $5TN.<\/p>\n

2023 set the stage, demonstrating the unwavering passion for travel, paving the way for a record-breaking year in 2024.<\/p>\n

This growth comes despite two of the world\u2019s biggest tourism markets lagging in terms of international visitor spend, with both the U.S. and China seeing a far slower return of international tourist spend.<\/p>\n

Last year in the U.S., international visitor spending remained more than a quarter below the peak of 2019, while China\u2019s visitor spend remained almost 60% down.<\/p>\n

Julia Simpson, WTTC President & CEO, said: \u201cAgainst the backdrop of uncertainty, the Travel & Tourism sector remains a global economic powerhouse.<\/p>\n

\u201cThis isn\u2019t just about breaking records, we\u2019re no longer talker about a recovery \u2013 this is a story of the sector back at its best after a difficult few years, providing a significant economic boost to countries around the world and supporting millions of jobs.<\/p>\n

\u201cThere\u2019s a risk however, we need the U.S. and Chinese governments to support their national Travel & Tourism sectors. The U.S. and China will continue to suffer whilst other countries are seeing international visitors return much faster.\u201d<\/p>\n

Travel & Tourism 10 years from now<\/p>\n

Looking ahead, WTTC is forecasting a promising future for the next decade, characterised by robust growth and unparalleled career opportunities.<\/p>\n

By 2034, the sector will supercharge the global economy with a staggering $16TN, making up 11.4% of the entire economic landscape.<\/p>\n

This booming industry is also set to be a job creation juggernaut, providing employment for 449MN people worldwide. Nearly 12.2% of the workforce will be powering this vibrant sector, showcasing Travel & Tourism\u2019s pivotal role in global employment.<\/p>\n

With more than three quarters of the countries analysed expected to exceed the high point of 2019, in terms of GDP contribution,<\/p>\n

Travel & Tourism is on the brink of its most transformative era yet, promising prosperity, innovation, and connection on a scale we\u2019ve yet to see.<\/p>\n

NEWSROOM<\/b><\/p>\n

For More News And Analysis About Mauritius<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Mauritius. The World Travel & Tourism Council (WTTC) is projecting a record-breaking year for Travel & Tourism in 2024, with the sector\u2019s global economic contribution set to reach an all-time high of $11.1 trillion. According to the global tourism body\u2019s 2024 Economic Impact Research (EIR), Travel & Tourism will contribute an additional $770BN […]<\/p>\n","protected":false},"author":84,"featured_media":39843,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,6],"tags":[233,245,241],"class_list":["post-39844","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-files","tag-africa-press","tag-africa-press-mauritius","tag-mauritius"],"yoast_head":"\nTravel & Tourism set to Break All Records in 2024 - Mauritius<\/title>\n<meta name=\"description\" content=\"The World Travel & Tourism Council (WTTC) is projecting a record-breaking year for Travel & Tourism in 2024, wit ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/mauritius\/all-news\/travel-tourism-set-to-break-all-records-in-2024\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Travel & Tourism set to Break All Records in 2024\" \/>\n<meta property=\"og:description\" content=\"The World Travel & Tourism Council (WTTC) is projecting a record-breaking year for Travel & Tourism in 2024, wit ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/mauritius\/all-news\/travel-tourism-set-to-break-all-records-in-2024\" \/>\n<meta property=\"og:site_name\" content=\"Mauritius\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2024-04-15T09:01:09+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-04-15T09:25:59+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/mauritius\/sites\/61\/2024\/04\/sm_1713156679.664232.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"820\" \/>\n\t<meta property=\"og:image:height\" content=\"615\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/travel-tourism-set-to-break-all-records-in-2024#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/travel-tourism-set-to-break-all-records-in-2024\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Travel & Tourism set to Break All Records in 2024\",\"datePublished\":\"2024-04-15T09:01:09+00:00\",\"dateModified\":\"2024-04-15T09:25:59+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/travel-tourism-set-to-break-all-records-in-2024\"},\"wordCount\":620,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/travel-tourism-set-to-break-all-records-in-2024#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mauritius\/sites\/61\/2024\/04\/sm_1713156679.664232.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Mauritius\",\"Mauritius\"],\"articleSection\":[\"all news\",\"files\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/mauritius\/all-news\/travel-tourism-set-to-break-all-records-in-2024#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/travel-tourism-set-to-break-all-records-in-2024\",\"url\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/travel-tourism-set-to-break-all-records-in-2024\",\"name\":\"Travel & Tourism set to Break All Records in 2024 - 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