Jan 17, 2025 · The economic impact of travel and tourism is significant. In 2024, the sector is projected to contribute around 10% to global GDP with expectations to reach 11.4% – equivalent to $16 trillion by 2034.

May 21, 2024 · Here, e tourism represents 14% of the city’s GDP. The Tourism and City Council was created in 2016 and relies on citizen participation to advise the municipal government on tourism public policies. This initiative demonstrates the advancement of tourism governance from classic public-private collaboration to public-private-community.

Aug 14, 2023 · “Diversifying tourism strategies and activities is essential for countries to build resilience against economic fluctuations, mitigate overreliance on a single industry, and foster sustainable development that benefits both the local communities and the environment,” says Topaz Smith, Community Lead for Aviation, Travel and Tourism at the ...

Jan 12, 2024 · With 2023 at an end, the Travel and Tourism (T&T) sector is finally positioned to move past the impact of the pandemic, with international tourist arrivals anticipated to reach levels reminiscent of the pre-pandemic era. However T&T sector stakeholders and destinations are navigating a complex terrain marked by external challenges such as ...

May 21, 2024 · The Travel & Tourism Development Index (TTDI) 2024 is the second edition of an index that evolved from the Travel & Tourism Competitiveness Index (TTCI) series, a flagship index of the World Economic Forum that has been in production since 2007.

May 21, 2024 · In recent years, the Travel and Tourism (T&T) sector has faced multifaceted challenges, including the COVID-19 pandemic, geopolitical and economic uncertainty, inflation and extreme weather events such as wildfires, that reflect broader global risks and trends encompassing economics, the environment, society, geopolitics and technology.

Jun 14, 2024 · The World Economic Forum’s Travel & Tourism Development Index (TTDI) 2024 highlights the ongoing constraints facing the global travel and tourism sector – including the lack of investment in skilled and resilient workforces and issues around resource management – cultural and natural – as destinations grapple with higher tourist visitor ...

Mar 26, 2019 · The World Travel Tourism Council forecasts that the future of travel and tourism will support 400 million jobs and contribute to 25% of global net job creation globally. The infrastructure required to sustain this growth in economic activity has increased pressure on natural resources, biodiversity, as well as on local communities.

Oct 17, 2023 · The term ‘overtourism’ has re-emerged as tourism recovery has surged around the globe. But already in 2019, angst over excessive tourism growth was so high that the UN World Tourism Organization called for “such growth to be managed responsibly so as to best seize the opportunities tourism can generate for communities around the world”.

Oct 16, 2023 · The sustainable tourism industry can be part of a global solution by combatting the devastation of natural resources and further encroachment on Indigenous lands by private interests (e.g. agro-industry, mining, cattle and timber industries), which destroy human habitats and biodiversity in traditional communities.