Interestingly, it is notable that the T&T sector has
actually continued to grow over these past years.
International tourist arrivals reached a record 1.14 billion
in 2014, 51 million more than in 2013, according to the
United Nations World Tourism Organization (UNWTO).
The World Travel & Tourism Council (WTTC) estimates
that the T&T sector now accounts for 9.5% of global
GDP, a total of US$ 7 trillion, and 5.4% of world exports.
Encouraging the development of the T&T sector is all the
more important as the T&T industry continues to play a
key role as a driver of growth and job creation, growing
at 4% in 2014 and providing 266 million jobs, directly and
indirectly. This means that the industry now accounts for
one in 11 jobs on the planet, a number that could even
rise to one in 10 jobs by 2022, according to the WTTC