The Travel & Tourism industry in the Americas region is three times the size of automotive manufacturing and roughly one-third larger than chemicals manufacturing and mining.
This is according to new research from the World Travel & Tourism Council (WTTC) sponsored by American Express, launched on the first day of WTTC"s
first Regional Summit of the Americas in the Riviera Maya, Mexico from 16-18 May. This is according to new research from the World Travel & Tourism Council (WTTC) sponsored by American Express, launched on the first day of WTTC"s first Regional Summit of the Americas in the Riviera Maya, Mexico from 16-18 May. The research, undertaken by Oxford Economics, shows that the sector"s direct contribution to the Americas GDP is US$666 billion which is more than three times the GDP of automotive manufacturing and one-third larger than the global chemicals and mining industry. Travel & Tourism"s total contribution to GDP in the Americas was US$1.9trillion in 2011, or 8.6% of total GDP. This compares to 6% for automotive and mining and 7% for chemicals.
Click here to see the original article>first Regional Summit of the Americas in the Riviera Maya, Mexico from 16-18 May. This is according to new research from the World Travel & Tourism Council (WTTC) sponsored by American Express, launched on the first day of WTTC"s first Regional Summit of the Americas in the Riviera Maya, Mexico from 16-18 May. The research, undertaken by Oxford Economics, shows that the sector"s direct contribution to the Americas GDP is US$666 billion which is more than three times the GDP of automotive manufacturing and one-third larger than the global chemicals and mining industry. Travel & Tourism"s total contribution to GDP in the Americas was US$1.9trillion in 2011, or 8.6% of total GDP. This compares to 6% for automotive and mining and 7% for chemicals.