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WTTC says one in five of all new jobs created globally in 2017 are attributable to tourism

WTTC says one in five of all new jobs created globally in 2017 are attributable to tourism
March 23, 2018

Tourism was responsible for the creation of 7 million new jobs around the world in 2017 according to a new report from the World Travel and Tourism Council (WTTC).

WTTC’s annual Economic Impact Research, released this week, also shows that 2017 was a bumper year for the global tourism industry, which grew at 4.6%, 50% faster than the global economy as a whole (3% growth during 2017).

Welcoming the findings, WTTC President and Chief Executive, Gloria Guevara commented “travel and tourism creates jobs, drives economic growth and helps build better societies. Our research shows that our sector was responsible for the creation of one in five of all jobs globally. In the last few years, Governments around the world are realising the extraordinary benefits of tourism and I congratulate them for taking steps to maximise our sector’s potential.”

For the seventh consecutive year, the tourism industry outperformed the global economy and in 2017 was the fastest growing broad economic sector globally, showing stronger growth than all sectors including manufacturing (4.2%), retail and wholesale (3.4%), agriculture, forestry and fisheries (2.6%) and financial services (2.5%).

In 2017, tourism’s direct, indirect and induced impact accounted for:

• US$8.3 trillion contribution to global GDP (10.4%)
• 313 million jobs, one in 10 jobs around the world
• US$1.5 trillion exports (6.5% of total exports, 28.8% of global services exports)
• US$882 billion investment (4.5% of total investment)

Guevara continued “2017 was the best year on record for the travel and tourism sector. We have seen increased spending as a result of growing consumer confidence, both domestically and internationally, recovery in markets in North Africa and Europe previously impacted by terrorism and continued outbound growth from China and India. This is great news for the millions of people who depend on our sector for their livelihoods.”

Highlights from around the world include:

• Europe’s performance was better than previously expected with 4.8% growth as long-haul demand recovered strongly, accompanied by strong intra-regional travel thanks to the strength of the European economy. According to the International Air Transport Association (IATA) in 2017, European airlines recorded passenger growth of 8.1% and over 1 billion passengers for the first time.
• Tourism’s contribution to GDP in North Africa grew by 22.6% in 2017, showing a strong rebound from the impacts of terrorism in previous years. Stellar performance from Egypt (72.9%) and solid growth in Tunisia (7.6%) inspire confidence in the region as tourism activity continues to recover to pre-attack levels.
• Asian countries continue to drive global tourism growth with North East Asia growing at 7.4% and South East Asia at 6.7%. China continues to lead the way at 9.8%. Over the next 10 years over one third of absolute GDP growth and nearly half of employment growth will be generated by China and India.
• Latin America showed a decline of 1.4% in tourism GDP, largely a result of a contraction in international spend to the largest Latin American economy, Brazil, of 18.1% compared to 2016, and compounded by the ongoing political and economic problems in Venezuela.

Forecasts for 2018 suggest that growth will continue, albeit at a slower rate than in 2017 as a result of higher oil prices.

The long-term outlook to 2028 remains unchanged, with average growth of 3.8% per year over the next decade. In addition, by 2028, tourism is expected to support more than 400 million jobs globally, which equates to 1 in 9 of all jobs in the world; and the sector is expected to contribute around 25% of global net job creation over the next decade.

Guevara added “as our sector continues to become more important both as a generator of GDP and jobs, our key challenge will be ensuring this growth is sustainable and inclusive.

“Going forward we need to ensure that growth is planned for, well managed and includes partnerships between not only the public and private sectors but also includes communities themselves.

“There is a huge potential for governments to capitalise on the opportunities travel and tourism brings to create new jobs, especially in those economies where many jobs in other sectors are under threat from automation. Travel and tourism is the best partner for governments to create jobs.” 

Images: Singapore's Gardens by the Bay and Marina Bay Sands (top) and Gloria Guevara (below). 

3rd February 2018 - TOURISM TO GENERATE 2.4 MILLION NEW JOBS IN INDONESIA 

19th January 2018 - 2018 TOURISM FOR TOMORROW AWARDS FINALISTS ANNOUNCED BY WTTC

21st October 2017 - WTTC CALLS ON TOURISM TO EMBRACE SUSTAINABILITY REPORTING

29th September 2017 - BALI TOURISM DWINDLES AMID FEARS OF MOUNT AGUNG ERUPTION

27th September 2017 - WORLD TRAVEL & TOURISM COUNCIL EXPLAINS HOW ‘TOURISM TRANSFORMS OUR WORLD’ ON WORLD TOURISM DAY

2nd August 2017 - WORLD TRAVEL AND TOURISM COUNCIL ANNOUNCES NEW PRESIDENT AND CHIEF EXECUTIVE

8th May 2017 - 2017 TOURISM FOR TOMORROW AWARDS WINNERS NAMED BY WORLD TRAVEL & TOURISM COUNCIL 

18th April 2017 - WORLD HERITAGE DAY CELEBRATES GLOBAL CULTURAL HERITAGE 

18th April 2017 - WORLD HERITAGE SITES THREATENED BY CRIME

21st March 2017 - TOURISM SUPPORTS ONE IN 10 JOBS, OUTPACING GLOBAL ECONOMY FOR SIXTH CONSECUTIVE YEAR  


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We hope that you value the news that we publish so while you're here can we ask for your support?

The news we publish at www.ausleisure.com.au is independent, credible (we hope) and free for you to access, with no pay walls and no annoying pop-up ads.

However, as an independent publisher, can we ask for you to support us by subscribing to the printed Australasian Leisure Management magazine - if you don't already do so.

Published bi-monthly since 1997, the printed Australasian Leisure Management differs from this website in that it publishes longer, in-depth and analytical features covering aquatics, attractions, entertainment, events, fitness, parks, recreation, sport, tourism and venues management.

Subscriptions cost just $90 a year.

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