Market Overview – Tourism And Hospitality Industry and Forecasted Growth of Industry.
Travel & Tourism to be one of the world’s largest sectors, supporting over 319 million jobs and generating 10.4% of global GDP in 2018, according to data from WNWTO. The industry generates 122,891,000 jobs directly in 2018 and forecasted to grow by 2.2%. It generates jobs related to hotels, travel, airlines and other passenger transport services. As per Business Research the direct contribution of Travel & Tourism to global GDP in 2018 was $2,750.7bn (3.2% of GDP). The industry Read more [...]