In the world, Tourism is approaching the levels it had in the pre-pandemic.
Thus, by the end of this year, activity
will be at 95% and will once again contribute to global economic growth as it did in 2019, when travel was at its highest point
, according to forecasts managed by the World Travel Council. and Tourism (WTTC)
Through its Annual Economic Impact Report (EIR), the organization that brings together private tourism activity indicated that the sector will reach US$ 9.5 billion, that is, 9.2% of global GDP,
only
5 % below what it represented in 2019, before the health crisis caused by COVID-19.
According to these measurements,
34 of the 185 countries analyzed have already exceeded pre-pandemic levels
in terms of their contribution to GDP.
Furthermore, according to research conducted by WTTC in collaboration with Oxford Economics, the sector is also forecast to recover to
96% of the 2019 employment level
, with the creation of 24 million new jobs this year.
Among other issues, the Council projected that, by the end of 2023,
nearly half of the 185 countries will have fully recovered
to pre-pandemic levels or be within 95% of full recovery.
One of the initiatives that were taken globally to encourage activity -severely hit by the coronavirus pandemic- was the granting of a Safe Travels Stamp
to
different countries for complying with global hygiene and hygiene protocols. sanitization.
Argentina received that seal, from the WTTC, in October 2020.
What happened last year with the activity?
Despite the economic and geopolitical difficulties, the recovery of the Travel and Tourism sector
continued gradually:
it managed to grow by 22% compared to 2021, reaching US$7.7 trillion in its contribution to global GDP.
This recovery represented
7.6% of the world economy in 2022
, the largest contribution from the sector since 2019, although its contribution to world GDP
was still 22.9% below
that year's levels.
The data shows that the
conflict between Russia and Ukraine
and the prolonged travel restrictions imposed by several countries, such as China, had a significant impact on the recovery of the global sector.
From its pre-pandemic peak of more than 334 million jobs in the global tourism sector,
the pandemic caused more than 70 million job losses
, ending 2020 with just 263 million people employed.
However, as travel was reactivated, in 2022 295 million jobs were reached, that is,
one in 11 jobs worldwide.
In 2022, spending by foreign visitors grew by a record 82% to reach US$1.1 trillion, "showing that international travel is on track for a strong recovery," according to the agency.
According to Julia Simpson, President and CEO of the WTTC, "The Travel & Tourism industry continues to recover at a good pace, demonstrating its resilience and people's enduring desire to travel. By the end of the year, the industry's contribution will be closer of the levels of 2019.
We hope that 2024 will be the year that exceeds these levels”,
he opined.
Simpson said the recovery will accelerate this year
as Chinese travelers re-enter the market.
Regarding projections for the next decade, the world tourism organization predicts that the sector will increase its contribution to GDP to US$ 15.5 trillion by 2033, which represents 11.6% of the world economy and will employ almost 12% of the active population employed in the sector.
NE
look too
An airport in the Caribbean, "overwhelmed" by the growth of tourism