image credit: Unsplash

New WTTC report provides vital investment recommendations for the Travel & Tourism sector post-pandemic

September 16, 2021


The World Travel & Tourism Council (WTTC) launched today an important new report that provides investment recommendations for governments and destinations, as they aim to rebuild and grow their Travel & Tourism sector.

With the pandemic bringing international travel to an almost complete halt, the global Travel & Tourism sector suffered more than any other due to severe mobility restrictions.

The sector’s contribution to global GDP fell from nearly US$ 9.2 trillion in 2019, to just US$ 4.7 trillion in 2020, representing a loss of almost US$ 4.5 trillion. Furthermore, as the pandemic ripped through the heart of the sector, a shocking 62 million Travel & Tourism jobs were lost while many still remain at risk.

Read More on Hospitality Net