Tourism economy

Economic impact of tourism in 2021 From World Tourism Commission

The following is the Economic impact of tourism in 2021 From World Tourism Commission recommended by And this article belongs to the classification: Tourism economy.

The World Tourism Commission has analyzed the impact of tourism on economy and employment in 185 countries / economies and 25 geographical or economic regions in the world. It hopes to help public and private sector organizations recover, and fully demonstrates the great value tourism brings to the economy, so as to provide support for policy-making and investment decision-making.

Before the new crown pandemic, tourism (including its direct, indirect and induced impacts) accounted for 1 / 4 of the world’s new jobs, 10.6% (334 million) of all jobs, and 10.4% (9.2 trillion US dollars) of global GDP. At the same time, international tourist spending in 2019 will reach US $1.7 trillion (6.8% of total exports and 27.4% of global service exports).

WTTC’s latest annual study shows that:

The loss of tourism industry is nearly 4.5 trillion US dollars, which will drop to 4.7 trillion US dollars in 2020, and its contribution to GDP will drop by 49.1% compared with that in 2019; Global GDP will drop by 3.7% in 2020.

In 2019, the contribution of tourism to global GDP will be 10.4%; Due to the continuous limitation of liquidity, this proportion will drop to 5.5% in 2020.

In 2020, the number of unemployed people in the world will be 62 million, a decrease of 18.5%; The number of employment in the tourism industry is only 272 million, compared with 334 million in 2019. The threat of unemployment remains, as many jobs are currently supported by the government’s retention plan and reduced working hours, which could be lost if the travel and tourism industries are not fully restored.

The consumption of domestic tourists decreased by 45%, while that of international tourists decreased by 69.4%, which is unprecedented.

More reading: Europe’s accelerated recovery: dual strategies to enhance competitiveness comScore: 2018 Asia Pacific tourism trend survey sojern: 2020 tourism review and 2021 outlook Ogilvy: Asia luxury tourism industry trend report airdna: 2021 tourism trend report World Tourism Organization: 2015 Global Tourism Report (with full version) National Bureau of Statistics: 2017 National Tourism and Tourism Report The added value of related industries is 3721 billion yuan STR: the occupancy rate of Australian Hotels in December 2020 is between 33% and 56% yes marketing: understanding the travel of travelers sojern: the search volume of tourism in Britain and France has dropped by more than 80% year on year CITIC construction investment: in depth study of Ota tourism and leisure service industry in 2019 (with download) IBM insight: strange tourism trading market (with download) ACSI: American Airlines full Yipsuo: global tourism survey in 2019 World Tourism Organization: number of international tourists will drop 74% in 2020

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