The industry is expected to contribute 39.2 billion euros to the Greek economy by the end of 2023, just 4% below its pre-pandemic high of 40.8 billion euros in 2019.
The WTTC also predicts that the industry will create more than 17,000 jobs this year, reaching a peak of 820,000 employment in tourism in 2019.
review last year
Last year, tourism’s contribution to GDP rose by nearly two-fifths (38.2%) to nearly 38 billion euros, accounting for 18.5% of the Greek economy.
The industry also created 5,000 jobs compared to the previous year, bringing national employment to nearly 800,000.
The industry has now regained 82% of the jobs lost during the pandemic, the report said.
International tourists to Greece also picked up last year, with the UK (14%), Germany (14%) and Bulgaria (10%) becoming the main source markets for international tourists to Greece.
The data shows that in 2022, the expenditure of international tourists will contribute 19.1 billion euros to the national economy, a year-on-year increase of more than 56%.
Julia Simpson, President and CEO of WTTC, said: “Tourism is very important in Greece, accounting for more than 19% of the total economy. The tourism industry is recovering strongly and tourist demand is strong. Greece is one of the most popular destinations in Europe. A clear sign that tourists are returning in droves to Greece, which has taken the lead during the pandemic.
“The future of the industry in Greece is optimistic. By the end of this year, the industry’s contribution will basically return to the level of 2019. In the next ten years, economic growth will exceed the national economic growth rate and create thousands of new jobs.”
What will the next decade look like?
The global tourism body predicts that the sector’s contribution to GDP will increase to €57.2 billion by 2033, accounting for nearly a quarter (23.6%) of the Greek economy.
The tourism industry will employ more than 1.02 million people nationwide over the next decade, with a quarter of all jobs in the industry.
Europe
European tourism will contribute €1.9 trillion to the regional economy in 2022, only 7% below its 2019 peak. The WTTC forecasts that the region’s GDP contribution will reach €2.04 trillion in 2023, just shy of the 2019 high.
The industry will employ 34.7 million people in the region in 2022, up 2.9 million from the previous year but still 3.2 million short of its 2019 peak. WTTC predicts that by the end of 2024, the industry will have fully recovered the jobs lost during the pandemic.
The WTTC revealed that Japan’s tourism industry’s contribution to GDP is expected to reach US$285.5 billion (37.6 trillion yen) this year.
The figure is just 6.8% below the pre-pandemic high of $306.5 billion (40.3 trillion yen) in 2019, with the industry likely to account for 6.8% of the economy by the end of the year.
Although the impact of the outbreak in Japan will continue until 2023, WTTC expects the industry to create about 470,000 jobs this year, reaching nearly 5.6 million. This means that about one in 12 workers in Japan is directly or indirectly employed in the tourism industry.
While employment in the industry remained below 300,000 jobs from pre-pandemic levels, it ended the year just 5.2% below 2019 levels.
Spending by international tourists in Japan is expected to soar 553.4% this year to $16.8 billion (2.2 trillion yen), still 57.6% below the 2019 peak.
review last year
The industry’s contribution to GDP rose 50.5 percent to more than $257 billion (33.9 trillion yen) last year, accounting for 6.2 percent of the economy.
By 2022, the industry will have nearly 5.1 million more jobs than the previous year, accounting for one of 13 jobs in Japan.
Spending by international tourists in Japan declined in 2022 as the impact of prolonged travel restrictions continued to weigh on the industry. International visitor spending fell by more than 31% and remained 93.5% below 2019 levels.
Spending by domestic tourists rose 61.6% last year, almost back to 2019 levels, trailing by just 0.2%.
Julia Simpson, WTTC President and CEO, said: “Tourism is an important driver of economic growth and job creation in Japan. We expect a significant boost to global tourism as residents start traveling again.
“The economic knock-on effect of this industry has been amazing. It has spurred job creation, from tour guides and hotel staff to local artisans and transport providers.
“International travel is critical to achieving the long-awaited recovery. We must nurture and support the industry, finding innovative ways to attract tourists and ensure their comfort. By doing this, we will not only boost the economy, but support livelihoods and local communities.”
Hiroyuki Takahashi, Chairman of the Board of Directors of JTB Corp., said: “Due to the extremely high and growing demand for visiting Japan from around the world, we at JTB Corp. are working with the public and private sectors to develop new tourist attractions to broaden Japan’s tourism appeal. capacity.” Capacity in rural areas.
“Adventure tourism will be a driver of innovation to address these needs and challenges.
“With a commitment to sustainability, innovation and memorable experiences, we envision a thriving future for Japan’s tourism industry.”
Isao Takashiro, Chairman and CEO of JAT, said: “Thanks to the government’s efforts and the recovery of travel demand, our domestic terminal passengers have returned to pre-pandemic levels. This remarkable recovery demonstrates the resilience of our industry .
“Despite the challenges, passenger throughput at Haneda Airport’s international terminal is expected to exceed 18 million by the end of the year. 25 million passengers.”
“As a key gateway to Japan, we remain committed to enhancing the passenger experience with new international flight facilities and attractive commercial facilities.”
In 2022, the largest source markets for Japanese international tourists are South Korea (24%), Mainland China (10%), Taiwan (10%), the United States (8%) and Hong Kong (7%).
What will the next decade look like?
The global travel body predicts the industry’s contribution to GDP will rise to $353.4 billion (46.5 trillion yen) by 2033, accounting for nearly 8 percent of Japan’s economy and employing 6.7 million people nationwide, including One in ten Japanese residents work in the industry.
Asia Pacific
In 2022, Asia-Pacific tourism will contribute US$1.6 trillion to the regional economy, but this is still 50% below the peak in 2019. The WTTC forecasts that the sector’s contribution to the region’s GDP will exceed $2.6 trillion by 2023, just 16% below the 2019 high.
The industry will employ more than 155 million people in the region in 2022, up 8.7 million from the previous year but still 15% below pre-pandemic levels. WTTC predicts that by late 2024 or early 2025, the industry will fully recover the jobs lost during the pandemic.
The World Travel & Tourism Council’s (WTTC) 2023 Economic Impact Study (EIR) revealed today that China’s tourism contribution to GDP is expected to grow by more than 150% this year.
The industry is expected to contribute 9.9 yuan to the economy this year, close to its pre-pandemic high of 12.27 yuan in 2019.
Although the impact of the epidemic in China will continue until 2022, WTTC expects the industry to create nearly 11.5 million jobs this year, recovering half of the jobs lost to 74.7 million. This means that about one in ten workers in China is directly or indirectly employed in the tourism industry.
While the industry is still some way off its pre-pandemic level of 7.9 million jobs, it ended the year just 10% below 2019 levels.
Spending by international tourists in China is expected to grow by more than 50 percent this year to more than 306 billion yuan. While this is positive growth, it is still nearly 70% below the 2019 peak.
review last year
Due to ongoing travel restrictions, the sector’s GDP contribution fell by almost 30% last year to 3.9 yuan, just over 3% of the economy.
In 2019, before the outbreak of the epidemic, the output value of China’s tourism industry was 12.3 yuan, accounting for about 12% of the total economic output.
In 2022, jobs in the industry will fall from the previous year, with the number of jobs nationwide falling to a low of 62.9 million — one of 12 jobs in China.
Spending by international tourists in China also declined in 2022 as the impact of prolonged travel restrictions continued to weigh on the industry. International tourist spending fell a further 8.5% to remain nearly 80% below 2019 levels.
Domestic visitor spending followed a similar pattern, falling 33% last year and remaining 67% below 2019 levels.
Julia Simpson, President and CEO of WTTC, said: “Tourism is an important driver of economic growth and job creation in China, and we expect a significant boost to global tourism as residents begin to travel again.
“The reopening of China is good news. In 2019, Chinese tourists accounted for 15% of international spending, and this number will continue to grow. We urge governments to prioritize and simplify visa applications to ensure that embassies can meet the high visa requirements of Chinese residents.” need.”
From 2019 to 2022, 74-77% of international tourists in mainland China come from Hong Kong, Macau, Myanmar, South Korea, Japan, the United States and Vietnam. In 2019, the number of tourists from these source markets was 49.7 million, but by 2022, this number has decreased by 85% to 7.2 million.
What will the next decade look like?
The global travel body predicts that the industry’s contribution to GDP will grow to nearly 27 yuan by 2033, accounting for 14 percent of China’s economy, and will employ more than 100 million people nationwide, including one in seven Chinese residents work in the industry.
Asia Pacific
In 2022, tourism in the Asia-Pacific region will contribute US$1.6TN to the regional economy, but this is still 50% below the peak in 2019. WTTC forecasts that the industry will contribute more than 2.6TN to the region’s GDP by 2023, just 16% below the 2019 high.
The industry will employ more than 155 million people in the region in 2022, up 8.7 million from the previous year but still 15% below pre-pandemic levels. WTTC predicts that by the end of 2024, the industry will have fully recovered the jobs lost during the pandemic.
