WTTC: Europe tourism sector lags global recovery
Europe’s tourism sector’s year on year recovery may only achieve a modest 23.9% growth this year, according to latest research from the World Travel & Tourism Council.
WTTC says the slow recovery is due to travel restrictions throughout the year, particularly in the first half, which continued to hinder the sector’s recovery.
Before the pandemic Europe’s tourism sector’s contribution to GDP represented €1.92 trillion (9.5% of the total economy).
However, according to WTTC research, and based on the current rate of recovery, the sector’s contribution to GDP could see an increase of less than a quarter (23.9%) in 2021, falling behind the expected growth of the global sector of 30.7%.
The data also reveals that in 2022 travel and tourism’s contribution to the European economy could see a further year on year rise of 38%, representing an increase of €439 billion.
Although far from pre-pandemic levels, the growth of the sector has seen a slight rise due to the successful vaccination rollout,.
Julia Simpson, WTTC President & CEO, said: "Our research shows that while the European travel and tourism sector is slowly beginning to recover, there is still a long way to go."
"With many European countries’ borders now open to international travel for fully vaccinated travellers, the region’s economic recovery will be accelerated next year."
The tourism body says while the surge in domestic travel has provided some relief, it is not enough to achieve the full recovery the region needs to safeguard millions of jobs
Next year, domestic spending is set to rise 27.7%.
Earlier this week, WTTC joined forces with a number of trde associations, such as Airports Council International, the European Travel Commission, and Cruise Lines International Association, calling on EU governments to remove all ‘traffic light’ systems and move towards a traveller risk approach.
TravelMole Editorial Team
Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
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WTTC: Europe tourism sector lags global recovery – Support
Europe’s tourism sector’s year on year recovery may only achieve a modest 23.9% growth this year, according to latest research from the World Travel & Tourism Council.
WTTC says the slow recovery is due to travel restrictions throughout the year, particularly in the first half, which continued to hinder the sector’s recovery.
Before the pandemic Europe’s tourism sector’s contribution to GDP represented €1.92 trillion (9.5% of the total economy).
However, according to WTTC research, and based on the current rate of recovery, the sector’s contribution to GDP could see an increase of less than a quarter (23.9%) in 2021, falling behind the expected growth of the global sector of 30.7%.
The data also reveals that in 2022 travel and tourism’s contribution to the European economy could see a further year on year rise of 38%, representing an increase of €439 billion.
Although far from pre-pandemic levels, the growth of the sector has seen a slight rise due to the successful vaccination rollout,.
Julia Simpson, WTTC President & CEO, said: "Our research shows that while the European travel and tourism sector is slowly beginning to recover, there is still a long way to go."
"With many European countries’ borders now open to international travel for fully vaccinated travellers, the region’s economic recovery will be accelerated next year."
The tourism body says while the surge in domestic travel has provided some relief, it is not enough to achieve the full recovery the region needs to safeguard millions of jobs
Next year, domestic spending is set to rise 27.7%.
Earlier this week, WTTC joined forces with a number of trde associations, such as Airports Council International, the European Travel Commission, and Cruise Lines International Association, calling on EU governments to remove all ‘traffic light’ systems and move towards a traveller risk approach.
TravelMole Editorial Team
Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
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Chicago’s Tourism Renaissance: Graham Interviews Kristin Reynolds of Choose Chicago
Graham Talks with Cassandra McCauley of MMGY NextFactor About the Latest Industry Research
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Graham and Don Welsh Discuss the Success of Destinations International’s Annual Conference
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Graham and Elliot Ferguson on Positioning DC as a Cultural and Inclusive Global Destination
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Kathy Nelson Tells Graham About the Honour of Hosting the World Cup and Kansas City’s Future
Graham McKenzie on Sir Richie Richardson’s Dual Passion for Golf and His Homeland, Antigua
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