New research by the council suggests the sector’s contribution to the global economy could reach $8.6 trillion (£6.3 trillion) by the end of the year, just 6.4% behind pre-pandemic levels.
In 2019, the sector generated $9.2 billion (£6.8 trillion) for the global economy. This was almost halved to $4.7 trillion (£3.5 trillion) in 2020 when Covid halted travel globally.
The WTTC, though, believes there are several factors that could accelerate already evident signs of recovery and propel the sector back to where it was before the pandemic struck.
