by Seth BUTERA August 27, 2021
Before COVID-19, travel and tourism had become one of the most important sectors in the world economy, accounting for 10 percent of global GDP and more than 320 million jobs worldwide.
Whereas the global tourism receipts are not expected to recover to 2019 levels until 2023 according to the IMF, There one constant we all learnt a hard way is the attention and importance of domestic tourism;
The World Travel & Tourism Council emphasized the importance and benefits of responsible tourism as a critical and important tool towards recovery and a sustainable future of the industry;
The money that tourists spend can be reinvested in local economies, from public services to education.
Did you know that for every $1 generated in direct Travel & Tourism GDP, more than $2 are generated on an indirect and/or induced basis
Tourism is a sector that is all about people – and as such is an incredible driver of job creation from big cities to small local communities.
Did you know that in 2019 the sector employed 1 in 10 people on the planet and it created 1 in 4 of all new jobs globally in the last 5 years?
Tourism’s positive ripple effect not only helps support local businesses but fosters entrepreneurship and new business ventures.
Did you know that 80% of the sector is composed of SMEs
Tourism offers opportunities to people from all walks of life, supporting vulnerable groups, including minorities, youth and women among others.
Did you know that the tourism sector has almost twice as many women employers as other sectors and employs a higher share of youth than the overall economy?
Tourism is a driver for peace. It helps promote tolerance between people as they learn and better understand each other’s cultures.
Did you know that countries that have more open and sustainable tourism sectors will likely enjoy higher levels of positive peace in the future?
Tourism can help protect and finance the preservation of historic and cultural sites, and even prompt the creation of new community initiatives.
Did you know that 40% of travellers identify as cultural tourists?
Tourism can help protect and revitalise wildlife through preservation programmes against illegal poaching and creates conservation jobs
Did you know that the total economic contribution of wildlife tourism amounted to $344 billion in 2018, equivalent to the entire GDP of South Africa or Hong Kong?
Tourism helps accelerate the integration of innovative technologies, which can facilitate your everyday activities while enhancing sustainability and creating more touchless experiences.
Did you know that 66% of consumers are using less cash and moving toward more contactless solutions in the wake of COVID-19?