KEY FACTS ABOUT THE TOURISM AND TRAVEL INDUSTRY

Below you will find a few key fact about the travel and tourism industry. Figures are taken from the World Travel and Tourism Council (2009).

OVERALL TRENDS

TheTravel &Tourism Economy GDP likely to expand by only 0.3% in 2010. But, looking beyond the current crisis, Travel & Tourism is expected to resume its leading, dynamic role in global growth.

GROSS DOMESTIC PRODUCT (GDP)

The contribution of Travel & Tourism to Gross Domestic Product (GDP) is expected to rise from 9.4% (US$5,474 bn) in 2009 to 9.5% (US$10,478 bn) by 2019.

EMPLOYMENT

The contribution of the Travel & Tourism economy to total employment is expected to rise from 219,810,000 jobs in 2009, 7.6% of total employement, or 1 in every 13.1 jobs to 275,688,000 jobs, 8.4% of total employment or in 1 in every 11.8 jobs by 2019.

GROWTH

Real GDP growth for the Travel & Tourism economy is expected to average 4.0% per annum over the coming 10 years.

EXPORTS

Export earnings from international visitors and tourism goods are expected to generate 10.9% of total exports (US$1,980 bn) in 2009, growing (in nominal terms) to US$4,132 bn (9.8% of the total) in 2019.

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About the WTTC

Great information source

If you are interested to obtain more information on the World Travel and Tourism Council, please click here.

 
Les Roches-Gruyère University of Applied Sciences is the first private University of Applied Sciences in hotel management in Switzerland. It offers a Bachelor of Science in Hospitality Management including a specialisation in international hospitality management or a specialisation in food, beverage and operations management that is recognised by the Swiss government and that meets the Bologna European standards. It also offers a one year Master of advanced studies. This university uses the resources and facilities of the highly-reputed Swiss institutions of Les Roches International School of Hotel Management and of Glion Institute of Higher Education*. Both of these institutions were recently ranked in a worldwide industry survey to be among the top three hospitality management schools in the world for an international career. GIHE and Les Roches, our sister schools, are accredited by the New England Association of Schools and Colleges (NEASC) in the USA and are not part of the federally authorised UAS.