According to the World Travel & Tourism Council, the tourism sector is estimated to grow by 3.7 per cent in 2015. The industry’s global contribution to employment is also expected to grow by 2.6 percent.
The tourism sector is creating 284 million jobs, which represent 9.5 percent of the world’s total employment.
WTTC also forecasts that the United States and China will remain the two biggest tourism economies in the world, while Germany will overtake Japan and be situated in the third position in the largest travel economies scale.
David Scowsill, president of the WTTC stated: “At a time of global economic challenges, Travel & Tourism continues to grow faster than the global economy, and is an enduring source of job creation and a driver of growth for every region in the world. Our annual research demonstrates that the sector has recorded strong economic growth in 19 out of the last 20 years, providing much-needed economic stability at a time of global economic volatility.”
Learn more about what the WTTC forcasts for other countries as well, on www.breakingtravelnews.com