In 2023, the share of travel and tourism's total contribution to global gross domestic product (GDP) showed a decline of 1.3 percentage points compared to 2019, the year before the COVID-19 pandemic. Overall, these industries represented 9.1 percent of the global GDP in 2023. That year, the total contribution of travel and tourism to the global GDP amounted to nearly 10 trillion U.S. dollars.
The impact of COVID-19 on global travel and tourism
The lockdowns and travel restrictions enforced across the globe to limit the spread of COVID-19 turned travel and tourism upside down. In 2023, the number of travel and tourism jobs worldwide experienced a sharp annual increase, but was still slightly below pre-pandemic levels. Meanwhile, total travel and tourism spending worldwide followed a similar trend.
International tourist arrivals still lagged pre-pandemic levels
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WTTC. (April 5, 2024). Share of travel and tourism's total contribution to GDP worldwide in 2019 and 2023, with a forecast for 2024 and 2034 [Graph]. In Statista. Retrieved October 08, 2024, from https://www.statista.com/statistics/1099933/travel-and-tourism-share-of-gdp/
WTTC. "Share of travel and tourism's total contribution to GDP worldwide in 2019 and 2023, with a forecast for 2024 and 2034." Chart. April 5, 2024. Statista. Accessed October 08, 2024. https://www.statista.com/statistics/1099933/travel-and-tourism-share-of-gdp/
WTTC. (2024). Share of travel and tourism's total contribution to GDP worldwide in 2019 and 2023, with a forecast for 2024 and 2034. Statista. Statista Inc.. Accessed: October 08, 2024. https://www.statista.com/statistics/1099933/travel-and-tourism-share-of-gdp/
WTTC. "Share of Travel and Tourism's Total Contribution to Gdp Worldwide in 2019 and 2023, with a Forecast for 2024 and 2034." Statista, Statista Inc., 5 Apr 2024, https://www.statista.com/statistics/1099933/travel-and-tourism-share-of-gdp/
WTTC, Share of travel and tourism's total contribution to GDP worldwide in 2019 and 2023, with a forecast for 2024 and 2034 Statista, https://www.statista.com/statistics/1099933/travel-and-tourism-share-of-gdp/ (last visited October 08, 2024)
Share of travel and tourism's total contribution to GDP worldwide in 2019 and 2023, with a forecast for 2024 and 2034 [Graph], WTTC, April 5, 2024. [Online]. Available: https://www.statista.com/statistics/1099933/travel-and-tourism-share-of-gdp/