ON MONDAY, the World Travel & Tourism Council (WTTC), a trade group, released its annual report on the state of global travel. Last year was a strong one for the industry. Travel and tourism grew by 3.1% in 2015, directly generating 2.5m new jobs and indirectly contributing to the creation of 4.7m more. One-tenth of global GDP comes from travel and tourism, and the figure is expected to keep rising, thanks in large part to China, whose outbound tourism expenditures jumped 67% in the year to September 2015. The WTTC predicts 3.3% growth globally in the sector in 2016, and 4% a year over the next decade.
“Through the last year, safety and security concerns have moved into the spotlight, and we have to assume that these issues will continue to cause difficulties in the years ahead,” the report warned in its foreword. “We note that the sector...Continue reading
Source: Business and finance http://ift.tt/1RnB4up
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