The rise of travel and tourism has shown significant
resilience globally. Despite slow economic growth in
advanced economies and geopolitical tensions in some
regions, the Travel & Tourism sector still accounts for a large part
of the global economy (estimated to be approximately
9% of global GDP or US$ 7 trillion) and employment,
while the number of international travellers continues
to increase. According to the World Travel & Tourism
Council (WTTC), the T&T sector is forecast to continue
growing at 4% annually—faster than financial services,
transport and manufacturing.