(TAN): The Travel & Tourism private sector was invited to the G20 tourism ministers’ meeting when the World Travel & Tourism Council (WTTC) addressed the Group of Twenty in Bali, Indonesia, the WTTC said in a news release.
During her speech at the meeting, Julia Simpson, WTTC President & CEO, said that while the tourism industry was recovering following more than two years of pain, enhanced collaboration between the public and private sector is needed now more than ever if we are to achieve a full recovery and ensure a sustainable future.
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Simpson told ministers that travel & tourism is central to the world’s economic recovery as it is set to grow at double the speed of the global economy over the next 10 years.
As the current holder of the G20 presidency, Indonesia is focussing on the need to create a more inclusive and sustainable foundation for growth, carrying the theme “Recover Together, Recover Stronger”.
During her address to G20 leaders, Simpson said: “Travel & Tourism is seeing green shoots of recovery. The world, with some exceptions, is travelling again. However, the recovery could be hampered by economic headwinds. Rising energy prices, cost of living, labour shortages, airspace restrictions, and, of course, climate change, all threaten the full of recovery of our sector. In order to unlock its full potential and achieve the long-awaited recovery, the public and private sector must join forces and collaborate more than ever.”
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“Finance Ministers should take note that this is the sector that will turbo charge economies following the worst economic shock of the modern age, creating 126 million new jobs,” she added.
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