At the opening conference of the 21st Global Summit held in Manila (Philippines), the president of the WTTC, an organization that represents the global private travel and tourism sector, explained that in 2023 the sector will recover the growth levels registered in 2019.

The latest Economic Impact Report (EIR) from the World Travel & Tourism Council forecast that travel & tourism employment will grow annually by an average of 3% over the next 10 years.

Julia Simpson said that Latin America could be one of the regions with the highest expectations due to the work they have been doing; mode urged governments to continue advancing in vaccination, which will allow faster recovery of the industry.

During this edition, more than 1,000 representatives of the public and private sectors at a global level will participate, as well as 30 ministerial delegations such as the US, India, Japan, South Africa and the EU, among others.

The impact of the WTTC Summit in the Philippines:

According to the same Economic Impact Report, during 2021, the contribution of the travel and tourism sector increased by 129.5% growth in its contribution to the Philippine economy, which represented 41,000 million dollars.

This remarkable growth ranked the Philippine economy as the fourth fastest growing globally during 2021.

The WTTC Economic Impact Report for the Philippines shows that in 2021, the sector contributed 7.8 million jobs, representing a substantial increase of 20.5%, compared to a global increase of just 6.7 %.

Tourism's contribution to the Philippines' GDP will grow by 6.7% over the next decade, outperforming the country's expected overall economy average growth rate of just 5.6%.

Julia Simpson, President and CEO of WTTC: "Our latest EIR for the Philippines points to the amazing recovery of the country's Travel & Tourism sector, translating into a massive jobs boost for the sector, leading to recovery 1.3 million more jobs compared to the previous year.

The WTTC projects that Philippines Travel & Tourism's contribution to GDP could be worth over $155 billion in 2032, representing 21.4% of the country's entire economy.

Destination 2030: preparing global cities for the growth of sustainable tourism.

Manila, Philippines: The World Travel & Tourism Council ( WTTC ) ) and JLL today released a major new report addressing what makes a city better poised for Travel & Tourism growth.

The report, 'Destination 2030: Preparing Global Cities for Sustainable Tourism Growth', was released during the 21st WTTC World Summit in Manila, Philippines.

Before the pandemic, the Travel & Tourism sector had outperformed the global economy for nearly a decade, averaging 4.3% annual growth compared to 2.9% through 2019, and contributing nearly $9 .2 trillion to the world economy in the same year.

After the damaging disruption caused by the pandemic, the global travel and tourism sector is finally seeing signs of recovery. As the sector continues to evolve, the suspension of international travel has not only created new challenges, but also the opportunity for policy makers, destination leaders and stakeholders to improve the preparedness of the sector.

The report, also known as 'Destination 2030', addresses what makes a city ready for sustainable travel and tourism. 63 global cities were measured and ranked in one of five "readiness" levels, while providing achievable solutions to promote the sustainable growth of tourism activity in each destination.

Julia Simpson, President and CEO of WTTC, said: "Travel and tourism plays an incredibly important role in a city's economy, not only boosting GDP, but also creating jobs and improving the livelihoods of those who depend on it. our industry.