Published on : Wednesday, April 10, 2019
A WTTC report said that travel and tourism generated 10.4% of the world’s total economic activity in 2018. The rapid growth of travel and tourism in regions like Oceania, Southeast Asia, India, and China contributed to this growth.
Although North America is a mature market, it saw the slowest growth in 2018. Meanwhile, the fall of the British pound against a range of major currencies has made the UK an attractive destination for global tourists. The fastest-growing region is the Caribbean, followed closely by Southeast Asia.
The WTTC report says that travel and tourism now generates one out of every five new jobs worldwide. In the next 10 years, the sector is expected to create 100 million new jobs worldwide.
The sector is also expected to create 20 million jobs in Asia and Africa. South Asia, Southeast Asia, and Northeast Asia are also emerging new hubs for travel and tourism. Experts say that there are endless job opportunities for youth in these regions and across segments.
India, China, and Japan dominate travel and tourism employment in the Asia-Pacific region, and there are job openings coming up in travel agencies, ticketing offices, tour operations, transport offices, hotel management, airlines, and cruises.
Today, emerging technologies like AI and blockchain are being used by travel organizations that want to come up with authentic and better booking experiences for users.