FROM: GLORIA GUEVARA, President & CEO of the WTCC
No one can doubt that we are in uncharted territory. The coronavirus pandemic means the world is facing a threat on multiple fronts not seen in peacetime. The Travel & Tourism sector is uniquely exposed, and we estimate 50 million jobs globally are at risk. To put it bluntly, Travel & Tourism is in a fight for survival.
Travel is the backbone of economies around the world. It brings in essential currency and inward investment, creates jobs and stimulates every sector. WTTC figures show Travel & Tourism contributes to 10.4% of Global GDP and 320 million jobs. It is responsible of creating one in five new jobs and, for eight successive years, has outpaced the growth of the global economy.
View the full letter from WTTC here (pdf).