Effect Of Brexit On Tourismworld Travel Tourism Council Wttc Asia Business Trips

If an agreement isnt reached ahead of the uks exit from the european union the world travel tourism council warned that 700000 travel and tourism jobs are at risk across europe.

Halifax nova scotia tourism. According to wttc which represents the private sector of travel and tourism globally the. Our members include over 200 ceos chairpersons and presidents of the worlds leading travel tourism companies from across the world and industries. Four thought leaders of the travel and tourism industry share their views with reema lokesh on the immediate effect of the brexit on the tourism industry.

As the united nations agency leading tourisms contribution to sustainable development unwto issued a joint statement with who the lead un agency for the global response to covid 19. Despite an already robust tourism economy the world travel tourism council wttc believes theres room for future growth. Spending by visitors from overseas could fall by as much as 78 equivalent to 60m a day said the world travel tourism council wttc.

According to the wttc research indicates that the travel and tourism sector of the british economy has room. In the worst case scenario this would put three million. Wttc promotes sustainable growth for the travel tourism sector working with governments and international institutions to create jobs to drive exports and to generate prosperity.

And the european union can come to an agreement and avoid a no deal brexit tourism could become one of britains major economic drivers. The world travel tourism council wttc represents the travel tourism sector globally. The world travel tourism council wttc emphasizes that travel to from and within the eu and uk will not be affected in the short term.

The world travel tourism council is the global authority on the economic and social contribution of travel tourism. The process set out by the lisbon treaty allows for a two year period of negotiation once the uk formally states its intention to leave the eu and this period could even be extended by agreement of all. Wttc works to raise awareness of travel tourism as one of the worlds largest economic sectors supporting one in 10 jobs 319 million worldwide.

Over 300000 jobs could be at risk in the travel and tourism sector in the united kingdom and almost 400000 in europe if the uk leaves the eu without a deal on 29 march according to a new analysis from the world travel tourism council.