The World Travel and Tourism Council’s (WTTC) 2023 Economic Impact Research (EIR) found that in 2023 the sector is forecast to reach $9.5 trillion, just 5% below 2019 pre-pandemic levels when travel was at its highest.
According to the research, the global tourism body also forecasts the sector will recover to 95% of the 2019 job level.
The WTTC predicted the sector will grow its GDP contribution to $15.5 trillion by 2033, representing 11.6% of the global economy and will employ 430 million people around the world, with almost 12% of the working population employed in the sector.
