The World Travel & Tourism Council (WTTC) introduced a new Travel & Tourism (T&T) Power and Performance Report, before the annual World Tourism Day celebrations. China, the US and India occupies the top three spots in the new Power Ranking, which mixed growth over the last seven years in tourism’s contribution to GDP, international visitor spend, domestic tourism spend and capital investment.
To quote WTTC president and CEO Gloria Guevara, “World Tourism Day is the global celebration of a sector that contributes 10.4 per cent of the world’s GDP and generates 313 million jobs. WTTC’s new report outlines power and performance rankings which showcase countries that have been most successful in growing their tourism sectors across the board.”
Using the annual economic impact data of WTTC, this fresh report ranks the performance of 185 nations over the last seven-year period, joining four indicators: contribution of Travel & Tourism to GDP, international visitor spend, domestic tourism spend and capital investment in tourism. The inclusion of domestic spends and investment permits for a rounded measure of performance as well as prioritization than the more usual measures of GDP contribution and international spend.
The report shows two rankings. The ‘Power’ ranking looks at those countries whose T&T has grown in total terms in the last seven years. These countries are those which are boosting up T&T growth. The top ten countries in the Power ranking are China, USA, India, Mexico, United Kingdom, Spain, Turkey, Canada, Indonesia and Australia and UAE tied for the tenth spot.
Tags: WTTC
