Sponsored by American Express, the ‘Benchmarking’ study from WTTC compares Travel & Tourism’s economic impact for 2018 to eight other key sectors (Agriculture, Mining, Health, Automotive Manufacturing, Retail, Financial services, Banking and Construction) across 26 countries and 10 world regions.
In order to fully assess the level of success of Travel & Tourism’s economic impact, it is crucial to put it in the context of the industry as a whole.
The research therefore takes a broader and more balanced look at Travel & Tourism and eight other sectors and shows not only the direct impact of each sector’s contribution, but also the indirect and induced impacts of these sectors to the economies of the countries and regions involved. The data provides a solid rationale for government support for the sector in countries around the world.
The key global trends found in the Benchmarking research, sponsored by American Express, are further explored in this paper at a global and regional level.