Market Report Italy
Travel & Tourism Injected €215BN into Italian Economy
Employment and international visitor spend breaks all records
Employment and international visitor spend breaks all records
2024 set to be a historic year for the sustainability initiative
WTTC, UN Tourism and the Sustainable Hospitality Alliance join forces to support Nature Positive Tourism
Last year, the sector grew by more than a quarter (26%) to contribute a record-breaking AED 220BN to the UAE’s GDP representing 11.7% of the entire economy. This exceeded the previous record set in 2019 by almost 15% and underscores the sector’s pivotal role in the nation’s economic framework.
New reports from the World Travel & Tourism Council (WTTC) and Microsoft highlights the transformative power of Artificial Intelligence (AI) and its role in shaping the future of Travel & Tourism.
The World Travel & Tourism Council’s (WTTC) 2024 Economic Impact Research (EIR) revealed today that the U.S. Travel & Tourism sector has contributed more to the U.S. economy than any previous year on record, despite the slower return of international visitor spend.
Global GDP impact predicted to exceed $11 trillion in 2024 - Unprecedented job numbers expected in the sector
WTTC is saddened to hear of the death of one of our Founding Members & the first WTTC Chair, James Robinson III, the former Chairman and CEO of American Express. Our thoughts are with his family at this time.
According to WTTC data, women in tourism comprise a significant portion of the sector's workforce, accounting for nearly 40% of the total employment. his marks a substantial increase from 2010 to 2019.
New report designed to tackle the sector's unique sustainability challenges