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The return of tourism as a significant economic generators after nearly 2 years of chaos.
According to the World Travel & Tourism Council (WTTC), the tourism market in the United States will revive significantly this year. If Covid-19 has no extra effect, the industry may contribute $2 trillion to GDP, a 6.2% increase above pre-pandemic numbers.
Notes: The article is based on Travel Daily and WTTC.
According to the World Travel & Tourism Council (WTTC), the tourism market in the United States will revive significantly this year. If Covid-19 has no extra effect, the industry may contribute $2 trillion to GDP, a 6.2% increase above pre-pandemic numbers.
Following gradual growth in the industry in 2021, reports of the robust rebound indicate the welcome return with one of the most significant economic generators after nearly 2 years of chaos. According to most recent prediction, the rebound will speed up dramatically this year because illness rates decline and travelers continue to benefit from the vaccination and injections’ protection, said Julia Simpson, WTTC chief executive.
Researchers predict a welcome breakthrough of pent-up tourist demand as travel restrictions relax and market confidence recovers. This, combined with what we expect will be a robust consumer-led global rebound, gives the industry a positive outlook.
The WTTC predicts that employment in the industry will exceed pre-pandemic rates by 200,000 employees, hitting over 16.8 million.
The great news is that our prognosis serves as a reminder: if the proper circumstances are in place, the tourist industry may revive and provide economic and employment advantages never seen before since before the epidemic, as Simpson said. Researchers urge world governments to think about the economic and employment advantages of increasing consumer confidence by enabling fully vaccinated travelers to cross borders.
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