Global tourism is growing again at a faster pace than expected

On November 4, speaking on the sidelines of the 23rd World Travel and Tourism Council (WTTC) Global Summit held in the capital Kigali of Rwanda, Julia Simpson, CEO of WTTC, stated that travel and tourism is growing more than twice as fast as the growth rate of global gross domestic product (GDP).

WTTC CEO recommends governments make efforts to ease visa restrictions and speed up visa application processes to further support international tourism .

Tourists ride camels while visiting the Giza Pyramids on the outskirts of Cairo (Egypt). (Source: AFP/TTXVN)

Ms. Julia Simpson emphasized that this year, the world's "smokeless industry" will return to the level of 2019, and some regions have even surpassed 2019 revenue.

WTTC leaders believe that the key to the future of tourism is regenerative tourism, which aims to promote more sustainable tourism practices and ensure cultural heritage, local traditions and the environment are preserved from generation to generation.

The latest data from WTTC and partner Oxford Economics shows that global tourism is returning to growth at a faster-than-expected pace across all regions, with the Asia -Pacific region leading the way.

With the theme “Building Bridges to a Sustainable Future” and co-organized by the Rwanda Development Board (RDB), this year’s WTTC event brings together thousands of industry leaders, experts and top officials from many countries to support the growth and development of tourism towards a safer, more resilient, inclusive and sustainable future.

The 2024 WTTC Global Summit is scheduled to be held in Perth, the capital and largest city of Western Australia (Australia).

WTTC, established in 1990, is the global authority on the socio-economic contribution of travel and tourism. A non-profit organisation headquartered in London (UK), WTTC members include more than 200 CEOs and chairmen of the world's leading private sector travel and tourism businesses.

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