World tourism to grow again in 2011
World tourism will return to moderate growth next year after stable levels during 2010, the World Travel & Tourism Council (WTTC) has predicted.
Global travel and tourism GDP declined by 4.8% in 2009, it said. All regions experienced significant falls last year in visitor arrivals, spending and travel GDP, while travel and tourism investment declined by more than 12%.
The global economy is starting to recover now but the pick-up in developed economies is likely to be gradual, the WTTC noted. “Spending in real terms is expected to increase by a mere one per cent, while business travel spending will again decline, by nearly 2%,” commented WTTC President and chief executive Jean-Claude Baumgarten at ITB. Travel GDP is forecast to grow by just 0.5% in 2010 but should improve by 3.2 per cent next year.
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