The World Travel & Tourism Council’s (WTTC) 2024 Economic Impact Research (EIR) has today revealed that Tunisia’s Travel & Tourism sector is set to inject a record-breaking TND 23BN into the national economy this year.
29.06.2024 - 15:17 / breakingtravelnews.com / Julia Simpson
The World Travel & Tourism Council’s (WTTC) 2024 Economic Impact Research (EIR) has today revealed a record-breaking year for Travel & Tourism in Kenya, contributing KES1TN to the national economy in 2023.
Sector jobs grew 6% to reach a record 1.55MN, accounting for one in 13 jobs across the country.
While domestic visitor spending reached more than KES 466BN last year, almost 15% over the previous peak and setting a new record, spending by overseas visitors continued to trail the highpoint of 1999 to reach just KES 266BN.
Julia Simpson, WTTC President & CEO, said; “The recovery of Kenya’s Travel & Tourism sector is a testament to its resilience. Achieving record-breaking growth across economic contribution, jobs, and domestic visitor spending highlights the sector’s vital role in the nation’s economy.
“Although international visitor spending is currently lagging behind its high point, the future of Travel & Tourism in Kenya looks strong, with substantial opportunities for growth and development over the next decade.”
What Does This Year Look Like?
ADVERTISEMENT
According to the global tourism body’s latest research, Travel & Tourism’s contribution to Kenya’s economy is forecast to grow 9% year-on-year to reach almost KES 1.15TN.
Jobs supported by the sector are projected to reach more than 1.6MN, representing almost 8% of jobs in Kenya.
Domestic visitor spending is expected to continue driving the sector to reach KES 521BN, but spending by travellers from overseas is forecast to remain below the previous high to reach KES 289.5BN.
What Does the Next Decade Look Like?
With the right government support, WTTC is forecasting that the sector could grow its annual GDP contribution to KES 1.7TN by 2034, representing 7.4% of Kenya’s economy, and could potentially employ more than 2.2MN people across the country.
See all the data in our Kenya Travel & Tourism Economic Impact Report on the WTTC Research Hub.
For more information, please visit wttc.org
The World Travel & Tourism Council’s (WTTC) 2024 Economic Impact Research (EIR) has today revealed that Tunisia’s Travel & Tourism sector is set to inject a record-breaking TND 23BN into the national economy this year.
The World Travel & Tourism Council (WTTC) 2024 Economic Impact Research (EIR) predicts a remarkable year for Travel & Tourism in South Korea, with significant growth in its economic contribution, employment, and visitor spending. According to the latest data, the sector’s contribution to the national economy is expected to reach a record ₩96.2TN this year, representing a 13.6% year-on-year increase. This contribution underscores the sector’s crucial role, accounting for 4.3% of the nation’s economy.
Amsterdam plans to start cutting the number of ships that can stop at its main port terminal over the coming years, its municipal government said Wednesday.
Global Entry isn't the only way international travelers can skip long lines at US Customs and Border Protection (CBP).
Before the Dyke March takes its first steps out of Bryant Park this Saturday and the NYC Pride Parade floats through lower Manhattan on Sunday, make sure not to miss the opening of the new Stonewall National Monument Visitor Center (SNMVC) this Friday, sitting just a door down from its iconic namesake bar.
The first time my family visited the Grand Canyon , we pulled over at a popular lookout, ogled over its sheer size and vastness for an hour, took pictures, then drove home.
KLM Royal Dutch Airlines will launch a new flight between Portland, Oregon, and Amsterdam in October, replacing a flight from partner Delta Air Lines between the two cities.
It's been only a few weeks since The Ritz-Carlton Yacht Collection shared images of Ilma, the second ship in its fleet. Now, the luxury sailing arm of Marriott Bonvoy is back with news on the collection's third ship: the Luminara.
The islands of the Aegean are the jewels of Greece, but that doesn’t mean getting to them is a breeze. Until now, Greek island hopping — glamorous as it is — has required lengthy ferry rides, inconvenient flight schedules, cruises, or, if you're lucky, your own private yacht.
Nothing is more instructive than being wrong, and there’s no quicker way to be wrong than to have expectations. My arrival to Aktau, in Kazakhstan's Mangystau region, was by cargo ship, and over that 24-hour voyage, spent with long-haul truckers drinking duty-free whisky, I had plenty of time to imagine what awaited me on shore: a port city that was rough, brutalist, suspicious. At first sight, Aktau was brutalist, if only architecturally, but it was far from rough or suspicious. And while not beautiful, or even very pretty, there was something alluring about the place from the get-go.
Breeze Airways is expanding its footprint in Florida.
The World Travel & Tourism Council (WTTC) today unveiled the remarkable growth of Travel & Tourism in France last year, with the sector’s GDP contribution surging by nearly 6% year-on-year to a record-breaking €246BN. According to the global tourism body’s latest research, in 2023, Travel & Tourism soared 4.3% above the previous peak, representing 8.8% of France’s total economic output, signalling a year of significant growth for the sector.