WTTC-2019各国旅游业对经济的影响和趋势英文-20195-20页_4mb

2019 Travel & Tourism Global Economic Impact Summary

Core Content

The World Travel & Tourism Council (WTTC) has published a report highlighting the significant economic and employment impact of the Travel & Tourism sector globally and regionally in 2018, as well as its projected growth trajectory for the coming years.

Key Highlights

• Travel & Tourism's Contribution to the Global Economy:
  In 2018, the sector contributed US$8.8 trillion, which is 10.4% of global GDP.
• Sector Growth:
  The Travel & Tourism sector grew by 3.9%, outpacing the global economy's growth of 3.2% for the eighth consecutive year.
• Job Creation:
  The sector supported 319 million jobs, or 10% of total global employment.
• Job Growth:
  Travel & Tourism accounted for one in five of all net new jobs created globally over the past five years.
• Projected Job Growth:
  100 million additional jobs are expected to be created by the sector over the next ten years.

Main Points

1. Economic Contribution

• The sector is divided into leisure (78.5%) and business (21.5%) spend, with domestic tourism accounting for 71.2% of total spending.
• Asia-Pacific was the strongest-growing region in 2018, with 6.4% GDP growth, while North Africa recorded 8.6% growth, showing resilience after security shocks.
• China was the largest contributor to global Travel & Tourism GDP growth in 2018, accounting for 25%, followed by the USA (12%) and India (6%).
• The top five markets in 2018 were the USA, China, Japan, Germany, and the UK, which together represented 47% of global Travel & Tourism GDP.

2. Regional Contributions

Americas

• North America: Travel & Tourism GDP grew by 2.3%, with the USA being the main driver (83% of regional contribution).
• Latin America and the Caribbean: The sector grew by 2.4%, outperforming the overall economy. Ecuador led with 21.6% growth, driven by improved connectivity and visa relaxation.

Asia-Pacific

• Total contribution: US$2.9 trillion, with 6.4% GDP growth.
• China was the largest Travel & Tourism economy in the region, contributing 51% of regional GDP and 7.3% GDP growth.
• India saw 6.7% GDP growth, with a growing middle class and strong domestic tourism.

Africa

• Total contribution: US$194 billion, with 5.6% GDP growth.
• Ethiopia was the fastest-growing Travel & Tourism economy in the world in 2018, with 48.6% GDP growth, driven by improved connectivity and visa policies.
• Egypt and Turkey also showed strong growth (16.5% and 15.0%, respectively), attributed to security improvements and currency depreciation.

Europe

• Total contribution: US$2.2 trillion, with 3.1% GDP growth.
• Turkey, Portugal, and Greece experienced the fastest growth, driven by safety improvements, government support, and better infrastructure.
• The UK saw a 1% GDP growth in Travel & Tourism, despite a 10% decline in international visitor spending due to Brexit-related sentiment.

Middle East

• Total contribution: US$237 billion, with 0.6% GDP growth.
• The region faced challenges due to political tensions, with Saudi Arabia and Qatar recording declines of 1.3% and 5.1%, respectively.
• Jordan and Israel showed strong growth (5.7% and 2.7%, respectively), highlighting regional opportunities.

Key Information

• Middle-class growth: The expansion of the middle class globally has been a major driver of Travel & Tourism growth, enabling more people to afford travel.
• Factors influencing travel:
  • Currency depreciation and visa relaxation have been key in attracting international visitors.
  • Improved infrastructure and connectivity have boosted tourism in several developing countries.
  • Rebound from security threats and natural disasters has also played a role in recovery and growth.
• Job creation:
  • The sector supports one in every ten jobs globally.
  • It is particularly important for women, youth, and marginalized groups.
  • China is expected to account for 41% of all Travel & Tourism jobs created over the next decade.
  • Asia-Pacific will account for 68% of all new jobs in the sector, with China leading the way.

Future Outlook

• Travel & Tourism is expected to grow by 3.6% in 2019, faster than the global economy's projected 2.9%.
• China is forecasted to become the largest Travel & Tourism economy by 2029, overtaking the USA.
• India is expected to climb from 8th to 3rd in the rankings of the largest Travel & Tourism economies due to its 6.8% CAGR.
• The top 10 fastest-growing countries in the next decade include Qatar (7.8%), Myanmar (6.9%), India (6.8%), and China (6.6%).

Conclusion

Travel & Tourism remains a vital sector for economic development, job creation, and cultural exchange. It continues to outperform the global economy in growth and is expected to play an even more critical role in the future, especially with the rise of the middle class and continued improvements in accessibility and safety. The sector's ability to spread economic benefits across the globe is a testament to its importance in sustainable and inclusive growth.