Travel & Tourism: Economic Impact 2017 North Africa
Travel & Tourism: Economic Impact 2017 North Africa
The right policy and investment decisions are only made with empirical evidence. For over 25
years, the World Travel & Tourism Council (WTTC) has been providing this evidence, quantifying
the economic and employment impact of Travel & Tourism. This year, the 2017 Annual
Economic Reports cover 185 countries and 26 regions of the world, providing the necessary
data on 2016 performance as well as unique 10-year forecasts on the sector’s potential.
Despite the ever-increasing and unpredictable shocks from terrorist attacks and political
instability, to health pandemics and natural disasters, Travel & Tourism continued to show
its resilience in 2016, contributing direct GDP growth of 3.1% and supporting 6 million net
additional jobs in the sector. In total, Travel & Tourism generated US$7.6 trillion (10.2% of global
GDP) and 292 million jobs in 2016, equivalent to 1 in 10 jobs in the global economy. The sector
accounted for 6.6% of total global exports and almost 30% of total global service exports.
For the sixth successive year, growth in Travel & Tourism outpaced that of the global economy
(2.5%). Additionally in 2016, direct Travel & Tourism GDP growth not only outperformed the
economy-wide growth recorded in 116 of the 185 countries covered by the annual economic
impact research (including in major Travel & Tourism economies such as Australia, Canada,
China, India, Mexico and South Africa), but it also was stronger than the growth recorded in
the financial and business services, manufacturing, public services, retail and distribution, and
transport sectors.
The outlook for the Travel & Tourism sector in 2017 remains robust and will continue to be
at the forefront of wealth and employment creation in the global economy, despite the
emergence of a number of challenging headwinds. Direct Travel & Tourism GDP growth is
expected to accelerate to 3.8%, up from 3.1% in 2016. As nations seem to be looking increasingly
inward, putting in place barriers to trade and movement of people, the role of Travel & Tourism
becomes even more significant, as an engine of economic development and as a vehicle for
sharing cultures, creating peace, and building mutual understanding.
Over the longer term, growth of the Travel & Tourism sector will continue to be strong so long
as the investment and development takes place in an open and sustainable manner. Enacting
pro-growth travel policies that share benefits more equitably can foster a talent and business
environment necessary to enable Travel & Tourism to realise its potential. In doing so, not only
can we expect the sector to support over 380 million jobs by 2027, but it will continue to grow
its economic contribution, providing the rationale for the further protection of nature, habitats,
and biodiversity.
WTTC is proud to continue to provide the evidence base required in order to help both public
and private bodies make the right decisions for the future growth of a sustainable Travel &
Tourism sector.
David Scowsill
President & CEO
FOREWORD
GLOSSARY 15
METHODOLOGICAL NOTE 16
VISITOR EXPORTS
Visitor exports generated USD12.9bn (10.7% of total exports) in 2016. This is forecast to grow by 3.6% in 2017, and grow
by 5.8% pa, from 2017-2027, to USD23.6bn in 2027 (8.0% of total).
INVESTMENT
Travel & Tourism investment in 2016 was USD11.6bn, or 7.3% of total investment. It should rise by 5.4% in 2017, and rise by
4.9% pa over the next ten years to USD19.7bn in 2027 (7.3% of total).
1
All values are in constant 2016 prices & exchange rates
11 5 7 7
ABSOLUTE RELATIVE SIZE GROWTH LONG-TERM GROWTH
Size in 2016 Contribution to GDP in 2016 2017 forecast Forecast 2017-2027
2016
2017
2010
2014
2015
2007
2013
2008
2009
2012
2027
2027
+ INDUCED
DIRECT INDIRECT INDUCED
= TOTAL CONTRIBUTION OF TRAVEL & TOURISM
DIRECT
Travel & Tourism contribution
COMMODITIES
● Accommodation
● Transportation
● Entertainment
● Attractions
INDIRECT INDUCED TOTAL
INDUSTRIES Travel & Tourism contribution Travel & Tourism
● Accommodation services contribution (spending of direct and contribution
● Food & beverage services indirect employees)
● Retail Trade ● T&T investment spending
● Transportation services
● Cultural, sports & recreational ● Government collective T&T ● Food and beverages ● To GDP
services spending ● Recreation
● Clothing ● To employment
SOURCES OF SPENDING ● Impact of purchases from ● Housing
● Residents' domestic T&T suppliers ● Household goods
spending
● Businesses' domestic travel
spending
● Visitor exports
● Individual government T&T
spending
DIRECT CONTRIBUTION
The direct contribution of Travel & Tourism to GDP reflects the ‘internal’ spending on Travel & Tourism (total spending within a particular
country on Travel & Tourism by residents and non-residents for business and leisure purposes) as well as government 'individual' spending -
spending by government on Travel & Tourism services directly linked to visitors, such as cultural (eg museums) or recreational (eg national parks).
The direct contribution of Travel & Tourism to GDP is calculated to be consistent with the output, as expressed in National Accounting,
of tourism-characteristic sectors such as hotels, airlines, airports, travel agents and leisure and recreation services that deal directly with
tourists. The direct contribution of Travel & Tourism to GDP is calculated from total internal spending by ‘netting out’ the purchases made
by the different tourism sectors. This measure is consistent with the definition of Tourism GDP, specified in the 2008 Tourism Satellite
Account: Recommended Methodological Framework (TSA: RMF 2008).
The total contribution of Travel & Tourism includes its ‘wider impacts’ (ie the indirect and induced impacts) on the economy. The ‘indirect’
contribution includes the GDP and jobs supported by:
● Travel & Tourism investment spending – an important aspect of both current and future activity that includes investment activity
such as the purchase of new aircraft and construction of new hotels;
● Government 'collective' spending, which helps Travel & Tourism activity in many different ways as it is made on behalf of the
‘community at large’ – eg tourism marketing and promotion, aviation, administration, security services, resort area security services, resort
area sanitation services, etc;
● Domestic purchases of goods and services by the sectors dealing directly with tourists – including, for example, purchases of food and
cleaning services by hotels, of fuel and catering services by airlines, and IT services by travel agents.
The ‘induced’ contribution measures the GDP and jobs supported by the spending of those who are directly or indirectly employed by the
Travel & Tourism industry.
PLEASE NOTE THAT DUE TO CHANGES IN METHODOLOGY BETWEEN 2010 AND 2011, IT IS NOT POSSIBLE TO COMPARE FIGURES PUBLISHED BY WTTC FROM 2011 ONWARDS
WITH THE SERIES PUBLISHED IN PREVIOUS YEARS.
The direct contribution of Travel & Tourism to GDP is expected to grow by 4.0% pa to USD39.9bn (4.5% of GDP) by 2027.
40
6.0
35
5.0
30
25 4.0
20 3.0
15
2.0
10
1.0
5
0 0.0
2027
2009
2009
2007
2008
2007
2008
2027
2012
2013
2014
2016
2012
2014
2016
2010
2011
2015
2017
2010
2011
2015
2017
2013
2027
The total contribution of Travel & Tourism to GDP (including wider effects from investment, the supply chain and induced income impacts, see
page 2) was USD57.7bn in 2016 (9.7% of GDP) and is expected to grow by 2.0% to USD58.8bn (9.9% of GDP) in 2017.
100 12.0
90
10.0
80
70
8.0
60
50 6.0
40
4.0
30
20
2.0
10
0 0.0
2016 2017 2027
2027
2027 2016 2017 2027
2027
1
All values are in constant 2016 prices & exchange rates
Travel & Tourism generated 2,188,000 jobs directly in 2016 (4.0% of total employment) and this is forecast to fall by 2.9% in 2017 to 2,126,000
(3.8% of total employment). This includes employment by hotels, travel agents, airlines and other passenger transportation services
(excluding commuter services). It also includes, for example, the activities of the restaurant and leisure industries directly supported by tourists.
By 2027, Travel & Tourism will account for 2,784,000 jobs directly, an increase of 2.7% pa over the next ten years.
3,000.0 7.0
6.0
2,500.0
5.0
2,000.0
4.0
1,500.0
3.0
1,000.0
2.0
500.0 1.0
0.0 0.0
2009
2007
2008
2027
2012
2014
2016
2010
2011
2015
2017
2013
2007
2008
2009
2010
2011
2015
2012
2013
2017
2027
2014
2016
2027
2027
The total contribution of Travel & Tourism to employment (including wider effects from investment, the supply chain and induced
income impacts, see page 2) was 4,933,500 jobs in 2016 (9.0% of total employment). This is forecast to fall by 2.6% in 2017 to 4,806,000 jobs
(8.6% of total employment).
By 2027, Travel & Tourism is forecast to support 6,366,000 jobs (9.7% of total employment), an increase of 2.9% pa over the period.
6,000.0
10.0
5,000.0
8.0
4,000.0
6.0
3,000.0
4.0
2,000.0
1,000.0 2.0
0.0 0.0
2016 2017 2027
2027 2016 2017 2027
2027
Direct Indirect Induced Direct Indirect Induced
VISITOR EXPORTS
Visitor exports are a key component of the direct contribution of Travel & Tourism. In 2016, North Africa generated USD12.9bn
in visitor exports. In 2017, this is expected to grow by 3.6%, and the region is expected to attract 24,968,000 international tourist arrivals.
By 2027, international tourist arrivals are forecast to total 44,133,000, generating expenditure of USD23.6bn, an increase of 5.8% pa.
45 14.0
25
40
12.0
35
20
30 10.0
15 25
8.0
20
10
15 6.0
10
5 4.0
5
0 0 2.0
2007
2008
2009
2010
2011
2015
2017
2027
2012
2013
2014
2016
2027
0.0
2009
2007
2008
2017
2027
2012
2013
2014
2016
2010
2011
2015
FOREIGN VISITOR EXPORTS (LHS)
FOREIGN TOURIST ARRIVALS (RHS)
INVESTMENT
Travel & Tourism is expected to have attracted capital investment of USD11.6bn in 2016. This is expected to rise by 5.4% in 2017, and rise by
4.9% pa over the next ten years to USD19.7bn in 2027.
Travel & Tourism’s share of total national investment will rise from 6.9% in 2017 to 7.3% in 2027.
20 8.0
7.0
15 6.0
5.0
10 4.0
3.0
5 2.0
1.0
0 0.0
2009
2007
2008
2027
2012
2013
2014
2016
2010
2011
2015
2017
2009
2007
2008
2027
2012
2014
2016
2010
2011
2015
2017
2013
1
All values are in constant 2016 prices & exchange rates
NORTH AFRICA
TRAVEL & TOURISM'S CONTRIBUTION TO GDP:
DOMESTIC VS FOREIGN, 2016 Domestic travel spending generated 65.8% of direct
Travel & Tourism GDP in 2016 compared with 34.2%
Foreign visitor
for visitor exports (ie foreign visitor spending or
spending
international tourism receipts).
34.2%
Domestic
Domestic travel spending is expected to grow by
spending
2.2% in 2017 to USD25.4bn, and rise by 2.8% pa to
65.8% USD33.5bn in 2027.
NORTH AFRICA
BREAKDOWN OF TRAVEL & TOURISM'S
TOTAL CONTRIBUTION TO GDP, 2016 The Travel & Tourism industry contributes to GDP
Direct and employment in many ways as detailed on page 2.
45.6%
Induced
19.6%
The total contribution of Travel & Tourism to GDP
Indirect is twice as large as its direct contribution.
34.8%
Indirect is the a
sum of:
(a) Supply chain
16.0% c
(b) Investment b
12.7%
(c) Government
collective
6.1%
1
All values are in constant 2016 prices & exchange rates
TRAVEL & TOURISM'S DIRECT 2016 TRAVEL & TOURISM'S TOTAL 2016
CONTRIBUTION TO GDP (US$bn) CONTRIBUTION TO GDP (US$bn)
1 European Union 611.3 1 North America 1771.3
2 North America 608.2 2 European Union 1682.9
3 North East Asia 448.4 3 North East Asia 1522.6
4 Latin America 121.0 4 Latin America 328.2
5 South East Asia 119.7 5 South East Asia 301.1
6 South Asia 91.1 6 Other Europe 278.5
7 Other Europe 85.2 7 South Asia 252.9
8 Middle East 81.4 8 Middle East 227.1
9 Oceania 51.9 9 Oceania 182.7
10 Sub Saharan Africa 40.1 10 Sub Saharan Africa 108.0
11 North Africa 26.3 11 North Africa 57.7
12 Caribbean 17.9 12 Caribbean 56.4
13 Central Asia 3.4 13 Central Asia 10.8
TRAVEL & TOURISM'S DIRECT 2016 TRAVEL & TOURISM'S TOTAL 2016
CONTRIBUTION TO EMPLOYMENT '000 jobs CONTRIBUTION TO EMPLOYMENT '000 jobs
1 South Asia 28657.5 1 North East Asia 77048.4
2 North East Asia 26017.8 2 South Asia 47998.2
3 European Union 11409.2 3 South East Asia 30154.9
4 South East Asia 11155.8 4 European Union 26585.0
5 North America 10088.5 5 North America 24239.9
6 Sub Saharan Africa 6171.1 6 Latin America 16108.3
7 Latin America 5925.1 7 Sub Saharan Africa 15770.6
8 Other Europe 2552.8 8 Other Europe 9445.1
9 Middle East 2356.9 9 Middle East 5730.7
10 North Africa 2188.2 10 North Africa 4933.4
11 Oceania 918.9 11 Oceania 2470.1
12 Caribbean 725.5 12 Caribbean 2319.4
13 Central Asia 573.6 13 Central Asia 1546.7
2016 2016
TRAVEL & TOURISM INVESTMENT (US$bn) VISITOR EXPORTS (US$bn)
1 North East Asia 196.1 1 European Union 418.5
2 North America 180.3 2 North East Asia 257.2
3 European Union 159.6 3 North America 247.7
4 Middle East 49.6 4 South East Asia 123.7
5 South East Asia 48.6 5 Middle East 83.2
6 Latin America 42.0 6 Other Europe 80.5
7 South Asia 39.9 7 Latin America 44.7
8 Other Europe 32.8 8 Oceania 39.8
9 Oceania 20.2 9 South Asia 31.6
10 Sub Saharan Africa 16.9 10 Caribbean 31.4
11 North Africa 11.6 11 Sub Saharan Africa 27.8
12 Caribbean 6.8 12 North Africa 12.9
13 Central Asia 2.2 13 Central Asia 2.5
The tables on pages 7-10 provide provide brief extracts from the full WTTC Country League Table Rankings, highlighting comparisons with
competing destinations as well as with the world average.
TRAVEL & TOURISM'S DIRECT 2016 TRAVEL & TOURISM'S TOTAL 2016
CONTRIBUTION TO EMPLOYMENT % share CONTRIBUTION TO EMPLOYMENT % share
1 European Union 5.0 1 Caribbean 13.4
2 South Asia 5.0 2 Oceania 13.2
3 Oceania 4.9 3 European Union 11.6
4 North America 4.6 4 North America 11.0
5 Caribbean 4.2 5 South East Asia 9.7
6 North Africa 4.0 6 North Africa 9.0
7 South East Asia 3.6 7 North East Asia 8.7
8 Middle East 3.1 8 South Asia 8.3
9 North East Asia 2.9 9 Latin America 7.8
10 Latin America 2.9 10 Middle East 7.6
11 Sub Saharan Africa 2.4 11 Other Europe 6.6
12 Central Asia 1.9 12 Sub Saharan Africa 6.0
13 Other Europe 1.8 13 Central Asia 5.1
2016 2016
TRAVEL & TOURISM INVESTMENT % share VISITOR EXPORTS % share
1 Caribbean 12.3 1 Caribbean 20.7
2 North Africa 7.3 2 Oceania 12.5
3 Middle East 7.2 3 North Africa 10.7
4 South East Asia 6.8 4 South East Asia 8.6
5 Latin America 6.0 5 Sub Saharan Africa 8.6
6 Sub Saharan Africa 5.6 6 North America 8.0
7 Oceania 5.5 7 Middle East 8.0
8 South Asia 5.4 8 Latin America 7.3
9 European Union 4.9 9 Other Europe 7.0
10 Other Europe 4.5 10 South Asia 6.1
11 North America 4.3 11 European Union 5.9
12 Central Asia 4.3 12 North East Asia 5.6
13 North East Asia 3.1 13 Central Asia 0.4
TRAVEL & TOURISM'S DIRECT 2017 TRAVEL & TOURISM'S TOTAL 2017
CONTRIBUTION TO GDP % growth CONTRIBUTION TO GDP % growth
TRAVEL & TOURISM'S DIRECT 2017 TRAVEL & TOURISM'S TOTAL 2017
CONTRIBUTION TO EMPLOYMENT % growth CONTRIBUTION TO EMPLOYMENT % growth
TRAVEL & TOURISM'S DIRECT 2017 - 2027 TRAVEL & TOURISM'S TOTAL 2017 - 2027
CONTRIBUTION TO GDP % growth pa CONTRIBUTION TO GDP % growth pa
TRAVEL & TOURISM'S DIRECT 2017 - 2027 TRAVEL & TOURISM'S TOTAL 2017 - 2027
CONTRIBUTION TO EMPLOYMENT % growth pa CONTRIBUTION TO EMPLOYMENT % growth pa
TRAVEL & TOURISM INVESTMENT 2017 - 2027 VISITOR EXPORTS 2017 - 2027
CONTRIBUTION TO CAPITAL INVEST % growth pa CONTRIBUTION TO EXPORTS % growth pa
% of total refers to each indicator's share of the relevant whole economy indicator such as GDP and employment. Visitor exports is shown relative to total exports of goods and services.
Domestic spending is expressed relative to whole economy GDP. For leisure and business spending, their direct contribution to Travel & Tourism GDP is calculated as a share of
whole economy GDP (the sum of these shares equals the direct contribution). Investment is relative to whole economy investment.
(USDbn, real 2016 prices) 2011 2012 2013 2014 2015 2016 2017E 2027F
1. Visitor exports 19.2 19.7 15.8 17.0 15.4 12.9 13.4 23.6
Domestic expenditure
2. 22.2 23.0 22.8 23.5 24.3 24.9 25.4 33.5
(includes government individual spending)
5. Direct contribution of
Travel & Tourism to GDP 29.0 30.0 26.8 28.2 27.7 26.3 27.0 39.9
(= 3 + 4)
7. Capital investment 10.2 10.0 9.8 9.9 10.9 11.6 12.2 19.7
8. Government collective spending 3.1 3.2 3.3 3.3 3.5 3.6 3.8 5.6
10. Induced 12.5 13.0 11.4 11.6 11.7 11.3 11.1 17.0
12. Direct contribution of Travel & 2,561.3 2,610.4 2,343.9 2,450.1 2,349.9 2,188.2 2,125.8 2,784.2
Tourism to employment
Other indicators
7.1 7.3 6.8 7.2 8.1 8.5 8.8 12.8
14. Expenditure on outbound travel
(USDbn, nominal prices) 2011 2012 2013 2014 2015 2016 2017E 2027F
1. Visitor exports 21.0 22.4 18.0 19.9 16.7 12.9 12.1 27.6
Domestic expenditure
2. 26.3 28.6 28.9 29.9 27.3 24.9 21.9 38.5
(includes government individual spending)
5. Direct contribution of
Travel & Tourism to GDP 33.2 35.8 32.6 34.7 30.7 26.3 23.6 46.0
(= 3 + 4)
7. Capital investment 11.5 11.8 11.6 12.1 12.0 11.6 10.3 21.7
8. Government collective spending 3.4 3.8 3.8 4.0 3.9 3.6 3.1 6.1
10. Induced 14.2 15.4 13.8 14.3 13.0 11.3 9.7 19.6
12. Direct contribution of Travel & 2,561.3 2,610.4 2,343.9 2,450.1 2,349.9 2,188.2 2,125.8 2,784.2
Tourism to employment
Other indicators
7.5 8.1 8.2 8.6 8.6 8.5 7.7 15.5
14. Expenditure on outbound travel
*Concepts shown in this table align with the standard table totals as described in the 2008 Tourism Satellite Account: Recommended
Methodological Framework (TSA: RMF 2008) developed by the United Nations Statistical Division (UNSD), the Statistical Office of the
European Communities (EUROSTAT), the Organisation for Economic Co-operation and Development (OECD) and the World Tourism
Organization (UNWTO).
Historical data for concepts has been benchmarked to match reported TSA data where available.
1. Visitor exports -22.9 2.7 -19.8 7.5 -9.4 -16.0 3.6 5.8
Domestic expenditure
2. -10.4 3.7 -1.0 3.2 3.1 2.5 2.2 2.8
(includes government individual spending)
7. Capital investment -7.5 -2.0 -2.3 1.2 9.5 6.6 5.4 4.9
8. Government collective spending -1.8 5.4 1.0 2.8 3.9 3.4 4.9 4.0
10. Induced -15.7 3.3 -11.9 1.5 0.9 -3.4 -1.5 4.4
12. Direct contribution of Travel & -16.3 1.9 -10.2 4.5 -4.1 -6.9 -2.9 2.7
Tourism to employment
Other indicators
-4.3 2.2 -6.3 6.3 11.7 5.6 3.8 3.8
14. Expenditure on outbound travel
1 2
2011-2016 real annual growth adjusted for inflation (%); 2017-2027 annualised real growth adjusted for inflation (%)
TRAVEL & TOURISM and government individual spending. This does not include spending
Relates to the activity of travellers on trips outside their usual abroad by residents. This is consistent with total internal tourism
environment with a duration of less than one year. Economic activity expenditure in table 4 of the TSA: RMF 2008.
related to all aspects of such trips is measured within the research.
BUSINESS TRAVEL & TOURISM SPENDING
DIRECT CONTRIBUTION TO GDP Spending on business travel within a country by residents and
GDP generated by industries that deal directly with tourists, including international visitors.
hotels, travel agents, airlines and other passenger transport services,
as well as the activities of restaurant and leisure industries that LEISURE TRAVEL & TOURISM SPENDING
deal directly with tourists. It is equivalent to total internal Travel & Spending on leisure travel within a country by residents and
Tourism spending (see below) within a country less the purchases international visitors.
made by those industries (including imports). In terms of the UN’s
Tourism Satellite Account methodology it is consistent with total
GDP calculated in table 6 of the TSA: RMF 2008. INDIRECT AND INDUCED IMPACTS
DIRECT CONTRIBUTION TO EMPLOYMENT INDIRECT CONTRIBUTION
The number of direct jobs within Travel & Tourism. This is consistent The contribution to GDP and jobs of the following three factors:
with total employment calculated in table 7 of the TSA: RMF 2008.
• CAPITAL INVESTMENT: Includes capital investment spending
TOTAL CONTRIBUTION TO GDP by all industries directly involved in Travel & Tourism. This
GDP generated directly by the Travel & Tourism sector plus its also constitutes investment spending by other industries on
indirect and induced impacts (see below). specific tourism assets such as new visitor accommodation
and passenger transport equipment, as well as restaurants and
TOTAL CONTRIBUTION TO EMPLOYMENT leisure facilities for specific tourism use. This is consistent with
The number of jobs generated directly in the Travel & Tourism sector total tourism gross fixed capital formation in table 8 of the TSA:
plus the indirect and induced contributions (see below). RMF 2008.
In 2017, we have also been able to add a new country, Tajikistan, taking our coverage to 185 countries. WTTC also produces reports on 25
other regions, sub-regions and economic and geographic groups. This year, there are 10 reports for special economic and geographic groups
with GCC and the Organisation of Islamic Cooperation being included for the first time.
SUB-REGION
SUB REGION
SUB REGION
SUB REGION
REGION
REGION
REGION
REGION
COUNTRY COUNTRY COUNTRY COUNTRY
NORTHEAST ASIA
Libya Aruba Japan Italy
Morocco Bahamas South Korea Latvia
Tunisia Macau
Barbados Lithuania
Angola Mongolia
Bermuda Luxembourg
Taiwan
EUROPEAN UNION
Benin
British Virgin Islands Malta
Kazakhstan
CENTRAL ASIA
Botswana
Cayman Islands Netherlands
Burkina Faso Kyrgyzstan
Cuba Poland
Burundi Tajikistan
Dominica Portugal
Uzbekistan
Cameroon
CARIBBEAN
Comoros
Haiti Papua New Guinea Sweden
Congo
ASIA-PACIFIC
EUROPE
Puerto Rico Vanuatu Armenia
Ethiopia
Other Oceanic States
Gabon St Kitts and Nevis Azerbaijan
Bangladesh
Gambia St Lucia Belarus
India
SOUTH ASIA
Nepal
Kenya US Virgin Islands Iceland
OTHER EUROPE
Pakistan
Lesotho Argentina Macedonia
SUB-SAHARAN
Sri Lanka
Madagascar Belize Moldova
Brunei Darussalam
Malawi Bolivia Montenegro
Cambodia
Mali
SOUTHEAST ASIA (ASEAN)
Nigeria
El Salvador Singapore Ukraine
Reunion
Guatemala Thailand Bahrain
Rwanda Vietnam
Guyana Iran
Sao Tome and Principe Austria
Honduras Iraq
Senegal Belgium
Nicaragua Israel
Seychelles Bulgaria
Panama Jordan
MIDDLE EAST
Peru
Sudan and South Sudan Czech Republic
Suriname Oman
Swaziland Denmark
Tanzania Uruguay Qatar
Estonia
Together with Oxford Economics, WTTC produces annual research that shows Travel & Tourism to be one of the world’s largest sectors,
supporting over 292 million jobs and generating 10.2% of global GDP in 2016. Comprehensive reports quantify, compare and forecast the
economic impact of Travel & Tourism on 185 economies around the world. In addition to the individual country reports, WTTC produces a
world report highlighting the global economic impact and issues, and 24 further reports that focus on regions, sub-regions and economic
and geographic groups.
Assisting WTTC to Provide Tools for Analysis, Benchmarking, Forecasting and Planning.
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independent global advisory firms, providing reports, forecasts and analytical tools on 200 countries, 100 industrial sectors and over 3,000
cities. Their best-of-class global economic and industry models and analytical tools give an unparalleled ability to forecast external market
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editors – one of the largest teams of macroeconomists and thought leadership specialists – underpinning the in-house expertise is a
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For more information, please see www.oxfordeconomics.com, or contact Frances Nicholls, Director of Business Development,
Oxford Economics Ltd, Broadwall House, 21 Broadwall, London SE1 9PL. Email: [email protected]
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JOBS CREATE JOBS...
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