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  • Date Submitted: 01/12/2016 01:29 AM
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The Authority on World Travel & Tourism

& Tourism
Economic Impact 2014

For more information, please contact:

Rochelle Turner
Head of Research
©2014 World Travel & Tourism Council


The World Travel & Tourism Council (WTTC) has been investing in economic
impact research for over 20 years in order to assess and quantify the
value of Travel & Tourism’s contribution to GDP and employment. We now
produce reports and forecasts of the sector’s impact in 184 countries and 24
geographic and economic regions in the world. Our 10-year forecasts provide
unique information and seek to better equip both public and private bodies
with empirical evidence for their policy making and investment decisions.
2013 proved to be another successful year for the Travel & Tourism industry. Our latest annual research,
conducted in conjunction with our research partner Oxford Economics, shows Travel & Tourism’s contribution
to world GDP grew for the fourth consecutive year in 2013, helped especially by strong demand from
international travellers. Visitor exports, the measure of money spent by these international tourists, rose by
3.9% at a global level year on year, to US$1.3trillion, and by over 10% within South East Asia. It is clear that
the growth in Travel & Tourism demand from emerging markets continues with pace, as large rising middleclasses, especially from Asia and Latin America, are willing and more able than ever to travel both within and
beyond their borders.
In 2013, Travel & Tourism’s total contribution to the global economy rose to 9.5% of global GDP (US $7 trillion),
not only outpacing the wider economy, but also growing faster than other significant sectors such as financial
and business services, transport and manufacturing. In total, nearly 266 million jobs were supported by Travel
& Tourism in 2013 - 1 in 11 of all jobs in the world. The sustained demand for Travel & Tourism, together...


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