The World Travel and Tourism Council (WTTC) predicted that the travel and tourism sector will not fully recover this year but will approach pre-Covid levels.
The sector is expected to reach $9.5 trillion in 2023, contributing only about 5 percent of GDP in 2019, according to the World Trade Center's 2023 Economic Impact Research.
After a sharp decline in 2020, the global travel sector grew by almost 25 percent year-on-year in 2021, followed by another 22 percent increase in 2022, according to the annual WTTC report prepared in partnership with “Oxford Economics”.
Source (Al-Arabiya.net Website, Edited)
