World Travel & Tourism Council reveals tourism jobs to be created in Europe within next decade

The World Travel & Tourism Council’s latest Economic Impact Report (EIR) shows over eight million tourism jobs to be created in Europe within the next decade.

 

Following more than two years of suffering from the Covid pandemic, this forecast from the World Travel & Tourism Council (WTTC) shows that the global travel and tourism private sector will be a driving force towards Europe’s economic recovery.

 

The travel and tourism sector is expected to grow at twice the rate of the overall economy at an average annual growth rate of 3.3% over the next 10 years. This figure is forecasted to expand by just 1.5% annually.

 

Europe’s travel and tourism’s GDP is forecasted to grow by 31.4% to €1.73 trillion (US$ 1.9 trillion) in the latest report of the global tourism body.

 

Nevertheless, there is still a much slower than expected recovery in several other European countries due to numerous failed attempts by governments to clamp down on the transmission of the Omicron variant, causing the regional economic recovery to falter.

 

The leaders of European travel are to meet for World Travel Awards Europe Gala Ceremony 2022 at the Hilton Galatzo, Mallorca, Spain.

 

Source/Read more: https://www.breakingtravelnews.com/news/article/up-to-eight-million-new-tourism-jobs-to-be-created-in-europe-within-the-nex/

Author: Deb Davad

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