Tourism sector inches closer to 2019 peak, says WTTC

(TAN): The travel & tourism sector is inching closer to its 2019 peak, recovering by more than 95%, the World Travel & Tourism Council (WTTC)’s 2023 Economic Impact Research shows.

In 2023, the sector is forecast to reach USD 9.5 trillion, just 5% below 2019 pre-pandemic levels when travel was at its highest. As many as 34 countries have already exceeded 2019 levels.

[ALSO READ: Dior Spa opens on Royal Scotsman, A Belmond Train]

WTTC President & CEO Julia Simpson said: “The travel & tourism sector continues to recover at pace, demonstrating the resilience of the sector and the enduring desire to travel. By the end of the year, the sector’s contribution will be within touching distance of the 2019 peak. We expect 2024 to exceed 2019. Travel & Tourism will be a growth sector over the next 10 years.” 

Related posts:

WTTC, industry leaders present plan to restart tourism at G20 meeting Blanket travel bans can’t be answer to new strain of coronavirus: WTTC US still the biggest travel and tourism market despite 41% slide in GDP: WTTC UK tourism sector may only recover by a third this year: WTTC