Cardwell Tourismsouth Asia Accounts For A Large Percentage Of World Tourism

The tourism share of total employment increased from 2017 42 to 2018 45.

Tourisme viticole bourgogneimportance of tourism in the world economy. The world travel tourism council wttc represents the travel tourism sector globally. Between them singapore thailand and india account for 90 percent of asias medical tourism industry and as one of the big three india has accrued foreign support and investment. The report includes amongst others the performance of key tourism related sub sectors such as accommodation food and beverages as well as estimates of direct jobs created through tourism.

With money coming into the nations private health care system hospitals that cater to medical tourists have been able to purchase state of the art. According to the world travel tourism council wttc the travel and tourism sector accounted for 103 per cent of the global gdp and 330 million jobs in 2019. In 2016 the medical tourism sector in asia pacific accounted for 10 million patients and 15 17 billion euros in revenues.

Wttc works to raise awareness of travel tourism as one of the worlds largest economic sectors supporting one in 10 jobs 319 million worldwide. The world tourism rankings are compiled by the united nations world tourism organization as part of their world tourism barometer publication which is released three times annually. Over the last five years tourism market in emerging economies especially countries in south america and asia have driven the global tourism market.

The market response has been swift with share prices of major airlines cruise lines and tourism companies dropping several percentage points. The extract below comes from the latest tourism satellite accounts publication as published by statistics south africa the tourism sector directly employed 739 657 persons in 2018 an increase of 85 or 58 038 employees compared with 2017. The quarterly tourism fact sheet provides quarterly performance of key global and national tourism indicators.

Emerging economies now account for more market share as compared to developed economies. Our members include over 200 ceos chairpersons and presidents of the worlds leading travel tourism companies from across the world and industries. Tourism in south africa contributed 15 million jobs and r4258 billion to the economy in 2018 making it the largest tourism economy in africa according to the world travel tourism councils.

In the publication un regions and subregions are ranked by the number of international visitor arrivals by the revenue generated by inbound tourism and by the expenditures of outbound travelers. Compared to a decade ago global tourism market has undergone a lot of changes.