Global Tourism to Hit 30 Billion Trips, $16 Trillion GDP by 2034: WEF

Global tourism on the rise, though industry grapples with challenges

The global tourism and travel (T&T) sector will contribute around $16 trillion to the world’s GDP by 2034, when it hits 30 billion trips yearly. That is according to a report from the World Economic Forum, in collaboration with Kearney and the Ministry of Tourism Saudi Arabia.

Global tourism set to hit 30bn trips by 2034

Travel and tourism will contribute $16-trillion to GDP within a decade, according to a new report from the World Economic Forum and Kearney. The post Global tourism set to hit 30bn trips by 2034 appeared first on Gadget.

Global Tourism to Hit 30 Billion Trips, $16 Trillion GDP by 2034: WEF

According to a World Economic Forum analysis developed in collaboration with Kearney and Saudi Arabia’s Ministry of Tourism, worldwide tourism will reach 30 billion trips by 2034, contributing $16 trillion to global GDP and accounting for more than 11% of the global economy. According to the report, the industry is growing 1.5 times faster than the global economy, which has significant business opportunities if challenges like climate change, wo…