Tag Archives: WTTC research

New research from the World Travel & Tourism Council (WTTC) has revealed the Travel & Tourism sector in the Middle East could reach US$246 billion this year, just 8.9% behind pre-pandemic levels. In 2019, before the pandemic struck and began to devastate economies around the world, the Travel & Tourism sector in the Middle East was booming, generating US$270 billion to the region’s economy. However, in 2020, when COVID-19 brought international travel to an almost complete standstill, its contribution more than halved, plummeting 51.1%, suffering a brutal loss of more than US$138 billion. Latest research from WTTC shows that as the region continues to recover from the pandemic, with major markets reopening borders and easing restrictions to travel, the sector’s contribution to employment could almost reach pre-pandemic levels this year. Research by WTTC reveals that if countries continue to roll out the inoculation programme at pace this year, and restrictions to international travel are eased around the world – 6.8m people could be employed in the sector by the end of 2022, just 40,000 behind pre-pandemic levels. Julia Simpson, WTTC President & CEO, said: “The COVID-19 pandemic caused significant losses to the Middle East’s Travel & Tourism sector, but we now have reason for real optimism. “Since the start of the pandemic, governments across the Middle East have shown real commitment to travel and tourism. Saudi Arabia in particular, has shown strong leadership throughout the crisis and is making a major investment in Travel & Tourism. “2022 is poised for a strong recovery if governments across the region continue to open up their borders and remove restrictions to travel which will have a massive positive effect on both the economy, …

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