Dec 2017

Tourism contributes more to the European GDP

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Tourism contributes more to the European GDP WTTC

London - Travel and Tourism in Europe generates more income than automotive manufacturing, chemicals manufacturing, banking, agriculture, and the mining sector, according to research from the World Travel & Tourism Council (WTTC).

David Scowsill, President & CEO, WTTC, said:“This research demonstrates the huge importance of Travel & Tourism as an economic generator in Europe. Not only does the sector account for 9.2% of GDP, but it also supports 1 in 11 jobs in Europe. With the growth of the European economy, it is critical that governments and private companies step up together to ensure that the sector is able to build the infrastructure capacity to meet the future forecast volume of people.”

He added: “Travel & Tourism is the second-fastest growing sector in Europe in terms of direct GDP after banking. Forecast to grow at 2.8% per annum over the next ten years, the sector’s growth will outpace the global economy, which is estimated to increase by 1.9% per annum over the next decade.” 

Travel & Tourism’s contribution to Europe’s GDP, including its indirect and induced impacts, accounted for 9.2% of the continent’s GDP, making it the fourth largest sector of the eight studied in WTTC’s

The Benchmarking Report 2015 compares Travel & Tourism to eight other sectors, which are considered to have similar breadth and global presence, across 26 countries.

With €1.8 trillion ($US 2.1 trillion) in total contribution in 2014, Europe’s Travel & Tourism sector generates:

1.2 times more than automotive manufacturing ($US1.7 trillion)

1.4 times more than chemicals manufacturing ($US1.5 trillion)

1.8 times more than banking ($US1.2 trillion)

2.6 times more than mining ($US796 million)

The research shows that the sector also sustained 9% of total employment in Europe in 2014, exceeding that of the financial services, banking, automotive manufacturing, chemicals manufacturing, and mining sectors.- WTTC


Last modified on Thursday, 15 October 2015 16:01

Travel Trade Fairs 2017

CMT, Stuttgart, Germany, January 14 -22

Vakantiebeurs,Utrecht Netherland,Jan.10-15

ASEAN Tourism Forum Singapore,Jan.16-20

TTF Bengaluru 2017, India, January 13-15

FITUR, Madrid , Spain, January  18-22

Adventure Travel Show,London,Jan. 21 - 22

IMTM 2017, Tel- Aviv , February 7-8

AIME Melbourne, Australia February 12-22

SATTE, New Delhi, India February 15 – 17

BLTM, Mumbai , India ,February 21-23

OTM Mumbai 2017, India February 21-23

GITF, Guangzhou China February 23- 25

ILTM Japan ,Tokyo, Japan 27 Feb -1 Mar

ITB, Berlin, Germany March 8-12

MITT, Moscow, Russia Mar 14 – 16

NATAS 2017, Singapore March 2017

VITM, Hanoi, Vietnam April 12-15

ATM Dubai, 2017 April 24-27

KOTFA 2017, Seoul , ROK  June 1-4

ITE , Hong Kong , June 15-18

Paris Airshow Paris, France June 19-25

BITE, Beijing, China , June 23-25

ITE HCMC,Ho Chi Minh city ,Sept . 7-9

PATA Travel Mart, Macau September 13-15

JATA Tourism Expo, Tokyo,Sept. 21-24

IFTM , Paris , France Sept. 26 – 29

ITB Asia , Singapore October 25 - 27

WTM London , November 6-8

CITM , Kunming , China November 2017                

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