Travel & Tourism forecast to pass 100m jobs and $2 trillion GDP in 2012
Travel & Tourism is set for a milestone year as the industry's direct contribution to the global economy is expected to pass $2 trillion in GDP and 100 million jobs.
According to research by the World Travel & Tourism Council (WTTC), the global Travel & Tourism industry will grow by 2.8% in 2012, marginally faster than the global rate of economic growth, predicted to be 2.5%.
This rate of growth means that Travel & Tourism industry is expected to directly contribute $2 trillion to the global economy and sustain some 100.3 million jobs.
When the wider economic impacts of the industry are taken into account, Travel & Tourism is forecast to contribute some $6.5 trillion to the global economy and generate 260 million jobs - or 1 in 12 of all jobs on the planet.