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“Diversifying tourism strategies and activities is essential for countries to build resilience against economic fluctuations, mitigate overreliance on a single industry, and foster sustainable development that benefits both the local communities and the environment,” says Topaz Smith, Community Lead for Aviation, Travel and Tourism at the ... More @Wikipedia
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- The future of travel and tourism as per 4 sector leaders | World ...In 2020 alone, the travel and tourism industry lost $4.5 trillion in GDP and 62 million jobs - the road to recovery remains long. The World Economic Forum’s latest Travel & Tourism Development Index gives expert insights on how the sector will recover and grow.
- How is the travel and tourism industry recovering? - The World Economic ...The World Economic Forum has published its inaugural Travel and Tourism Development Index. It focuses on the growing role of sustainability and resilience in travel and tourism growth. Recovery for the sector is uneven and tourist arrivals in January 2022 were still 67% below 2019 levels, according to the World Tourism Organization.
- How to use tourism for development while preserving local culture ...But capitalizing on tourism's potential while preserving and enhancing history and culture is possible — and it is already being done in sites around the world. From Malaysia to Saudi Arabia, many are already demonstrating the ability to balance economic development with socially and environmentally sustainable transformations.
- What is travel and tourism’s role in future global prosperity?With 2023 at an end, the Travel and Tourism (T&T) sector is finally positioned to move past the impact of the pandemic, with international tourist arrivals anticipated to reach levels reminiscent of the pre-pandemic era. However T&T sector stakeholders and destinations are navigating a complex terrain marked by external challenges such as ...
- How global tourism can become more sustainable, inclusive and resilientHowever, a more pessimistic outlook based on the persistence of travel restrictions suggests that demand may only pick up by 13% this year, leaving the industry at 38% of 2019 levels. McKinsey & Company similarly predict that tourism expenditure may not return to pre-COVID-19 levels until 2024.
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