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Travel Won't Fully Recover This Year – but It Will Get Close – MSNBC

May 8, 2023


The World Travel & Tourism Council says the global travel and tourism sector won’t fully recover this year — but it will get close.

The sector is forecast to reach $9.5 trillion in 2023, just 5% shy of its gross domestic product contribution in 2019, according to the WTTC’s 2023 Economic Impact Research.

After a sharp drop in 2020, the global travel sector grew nearly 25% year on year in 2021, followed by a further 22% increase in 2022, according to WTTC’s annual report, produced in partnership with Oxford Economics.

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