The tourism industry is one of the largest economic sectors in the world. The travel and tourism sector contributes to over 10% of global GDP and provides employment for over half a billion people worldwide. Tourism directly employs 8% of the world’s workforce and accounts for 28% of world exports. In 2017, there were 1.3 billion international tourist arrivals and a 10 percent increase over 2016
Tourism is the largest economic sector in the world.
The tourism industry is the largest economic sector in the world, and it’s expected to grow over the next few years. In fact, it’s one of the few industries that can truly be said to be recession-proof: no matter how bad things get in other parts of your country or continent (or planet), people will still travel if they want to see something new or exciting.
Tourism also provides jobs for millions of people around the globe–it’s actually one of the largest employers worldwide! And because some developing countries rely so heavily on tourism as their primary source of income, it helps them develop their economies faster than they would otherwise be able to do so themselves.
Tourism directly or indirectly provides employment to a large portion of the world’s population.
Tourism is the largest economic sector in the world, providing jobs to a large portion of the world’s population.
Tourism directly or indirectly provides employment to a large portion of the world’s population.
In 2017, there were 1.3 billion international tourist arrivals and 10 percent increase over 2016.
The tourism industry is the largest economic sector in the world. In 2017, there were 1.3 billion international tourist arrivals and 10 percent increase over 2016.
Tourism directly or indirectly provides employment to a large portion of the world’s population and has become an important contributor to its economy.
The United States is the leading source market for foreign tourists visiting China.
The United States is the leading source market for foreign tourists visiting China. In 2017, some 2 million Americans visited China and spent $37 billion there. The number of Chinese visitors to the United States increased from 549,000 in 2009 to 1 million in 2017, and their spending rose from $3 billion to $33 billion over that same period. Both countries are among the world’s largest economies and have growing middle classes that can afford travel abroad–a factor driving this increase in tourism between them.
China is also an important source of tourists for America: The number of Chinese visitors rose by more than 50 percent between 2016 and 2018 (from 140K-210K), while spending grew by 25 percent during that same period ($2B-$3B).
Travel and tourism is important for the global economy and will continue to grow in importance as more people travel around the world
The tourism industry is a growing sector of the global economy. The World Tourism Organization, an agency of the United Nations, estimates that 1.3 billion people traveled internationally in 2017 and generated $7 trillion in revenue for their host countries.
Tourism provides many economic benefits to host countries by increasing employment opportunities and creating demand for goods and services within local economies. In addition to providing jobs directly through travel agencies or hotels, tourism also stimulates indirect employment as businesses sell products or services to tourists (such as restaurants).
The travel and tourism industry is a huge part of the global economy and it’s not going anywhere anytime soon. The industry is expected to continue growing in importance as more people travel around the world, which means there will be plenty of opportunities for those who want to get involved with this business.
