US EditionUS$12.5 Trillion in Travel & Tourism Investment Drive to Shape G20 Competitiveness Through 2035
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7 Articles
Global Tourism to Benefit from $12.5 Trillion in Investment Over Next Decade, WTTC tells ITB Berlin
The World Travel & Tourism Council (WTTC) has revealed that $12.5 trillion in projected Travel & Tourism investment across major economies will play a decisive role in shaping competitiveness and economic growth through to 2035. WTTC’s latest report Bridging the Gap: Travel & Tourism Capital Investment and Demand Growth Across the G20, launched at ITB Berlin and produced in collaboration with Oxford Economics, shows Travel & Tourism demand acros…
The economies of Spain and Germany are acting as “strategic modernization” in the tourism sector by investing ahead of future needs, according to the World Travel and Tourism Council (WTTC). Specifically, Germany plans to invest $543 billion (466,780 million euros) until 2035, with an investment-growth ratio of 1.39, strengthening its position as a high quality and resilient destination. For its part, Spain will allocate $349 billion (300 billio…
Travel & tourism set for high-investment decade: WTTC
Global travel and tourism is heading into a high-investment decade, with an estimated USD 12.5 trillion set to be channelled into the sector across major economies through 2035, according to a new report by the World Travel and Tourism Council (WTTC), a global body representing the travel and tourism sector. In a press statement, WTTC says that travel and tourism demand across the G20 and Spain is forecast to grow at an average annual rate of 3.…
The global travel and tourism sector is expected to attract $12,500 billion in investments by 2035 in major economies, according to a new report.
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