New Resorts Signify Impressive Growth For Travel And Tourism
Despite the plethora of daunting challenges faced by the hospitality industry over the past few years, the World Travel & Tourism Council is projecting a record-breaking year for Travel & Tourism in 2024, with the sector’s global economic contribution set to reach an all-time high of $11.1 trillion. According to the global tourism body’s 2024 Economic Impact Research, Travel & Tourism will contribute an additional $770 billion over its previous record, thereby solidifying its stature as a global economic engine, generating one in every 10 dollars worldwide. As the global sector surpasses its pre-pandemic prosperity, 142 of 185 countries are expected to outperform previous national records.