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The tourism industry suffered a huge blow in 2020 as a result of lockdowns and travel restrictions aimed at curbing the spread of COVID-19, which made people around the world limit their activity and lose their livelihoods.
But the new research from the World Travel & Tourism Council (WTTC) has revealed the global Travel & Tourism sector’s contribution to the global economy could reach $8.6 trillion in 2022.
In 2019, before the pandemic stopped travel in its tracks, the Travel & Tourism sector generated nearly $9.2 trillion to the global economy, which is just 6.4% behind pre-pandemic levels. Read more.