The World Travel & Tourism Council’s (WTTC) 2023 Economic Impact Research (EIR) today reveals Germany’s Travel & Tourism sector is recovering at pace to recover to within 95% of pre-pandemic levels.
The sector is set to contribute €355BN to the national economy this year, getting to within 95% of the 2019 highpoint, and representing 9.3% of the economy. WTTC is also forecasting that the sector will create more than 168,000 jobs this year, recovering most of the jobs lost due to the COVID 19 pandemic to reach 5.6MN.
A look back on last year
Last year, the Travel & Tourism sector’s GDP contribution grew by 43.4% to reach more than €338BN, representing 8.8% of the economy, edging closer to the 2019 high of €374BN.
