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    WTTC’s 13th Global Travel & Tourism Summit in Abu Dhabi

    April 9, 2013
    top news world
    WTTC’s 13th Global Travel & Tourism Summit in Abu Dhabi

    Abu Dhabi , April 9 : Micheal Frenzel , Chairman of the Supervisory Boards of TUI Deutschland GmbH and TUIfly GmbH and chairman oft he World Travel & Tourism Council declared open the WTTC’s 13th Global Travel & Tourism Summit in Abu Dhabi today.

    In his opening address,Frenzel congratulated Abu Dhabi for blending modern, luxurious tourism facilities with the preservation of its fascinating culture and heritage so successfully.

    In his opening speech at the WTTC Global Summit , David Scowsill, President and CEO of the World Travel & Tourism Council (WTTC) called on the global Travel & Tourism industry “to grasp the mantle of leadership in order to influence”.  Scowsill urged the Travel & Tourism industry to “not only influence at industry level but at world level, not only within government chambers, but in boardrooms, in the media, amongst employees and within supply chains”.

    Industry, national and world leaders  have come together in Abu Dhabi  to discuss the industry’s responsibilities as it plans for future growth in international travel, whilst meeting its moral and commercial obligations to people, the planet and profits. The title of this year’s Global Summit is ‘A Time for Leadership’.

    Over the next 10 years, Travel & Tourism GDP is set to grow by 4.4% on average per year, outpacing growth in the wider economy and other industries, notably retail and public services. By 2023, Travel & Tourism’s total economic contribution is forecast to account for 10% of global GDP, US$10.5 trillion dollars and 1 in 10 jobs. Total Travel & Tourism employment is forecast to increase by more than 70 million jobs over the next decade, with two-thirds of those additional jobs in Asia.

    Asia will continue to lead growth, with annual average growth of over 6%, driven by increasing wealth among its middle classes.

    By 2023, WTTC forecasts that China will overtake the United States as the world’s largest Travel & Tourism economy, measured in total GDP terms and the size of the outbound market. – WTTC

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