WTTC: Tourism supports 1 in 10 jobs, outpacing global economy for 6th consecutive year

WTTC: Tourism supports 1 in 10 jobs, outpacing global economy for 6th consecutive year

Travel & Tourism generated 1 in 10 of the world’s jobs in 2016 as the sector grew by 3.3%, outpacing the global economy for the sixth year in a row, reads a new report by the World Travel & Tourism Council (WTTC).

WTTC’s Economic Impact Report 2017, which is conducted in conjunction with Oxford Economics, researches the economic impact of Travel & Tourism impact on global level, for 25 regions, and 185 countries.

According to the research, Travel & Tourism grew by 3.3% in 2016, generating US$7.6 trillion worldwide, which is 10.2% of global GDP when the direct, indirect and induced impacts are taken into account. The sector supported a total of 292 million jobs in 2016, which is 1 in 10 of all jobs in the world.

This is an excerpt from an article first published by International Ecotourism Club. Read the original article here: WTTC: Tourism supports 1 in 10 jobs, outpacing global economy for 6th consecutive year.

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