According to UNWTO and WTTC, the travel and tourism industry accounts for what percentage of the world Gross Domestic Product (GDP)?

The travel and tourism industry is a significant contributor to the global economy, representing a substantial portion of the world Gross Domestic Product (GDP). The figure of 25.2 percent reflects the complex interplay of various sectors within the industry, including accommodations, food and beverage services, transportation, attractions, and other related services. This high percentage highlights the importance of tourism as a key economic driver in many countries, illustrating how it influences job creation, infrastructure development, and foreign exchange earnings.

Understanding this percentage is crucial for recognizing the impact of tourism on global economic trends and policy-making. It also emphasizes the role that the travel and tourism sector plays in both national and international contexts, fostering economic growth and stability.