Tag: travel and tourism industry

A new report has revealed the vital contribution that travel & tourism will make to Asia-Pacific’s economic recovery, once the COVID-19 pandemic has been overcome. The report by the World Travel & Tourism Council (WTTC), which represents the global travel & tourism private sector, in its annual Economic Impact Report (EIR) shows how big a part the sector played in driving the economy in the region last year. Driven by the continued growth in middle income households, visa facilitation, improved connectivity and government prioritisation of the sector, travel & tourism generated $2,971 billion USD last year towards GDP, or 9.8% ... Read more