{"id":217705,"date":"2023-02-16T05:15:00","date_gmt":"2023-02-15T22:15:00","guid":{"rendered":"https:\/\/www.ttrweekly.com\/site\/?p=217705"},"modified":"2023-02-16T06:10:13","modified_gmt":"2023-02-15T23:10:13","slug":"europes-tourism-recovery-in-top-gear","status":"publish","type":"post","link":"https:\/\/www.ttrweekly.com\/site\/2023\/02\/europes-tourism-recovery-in-top-gear\/","title":{"rendered":"Europe\u2019s tourism recovery in top gear"},"content":{"rendered":"\n<p>SINGAPORE, 16 February 2023: A new report from the World Travel &amp; Tourism Council (WTTC) reveals strong signs of recovery of the economic impact from Travel &amp; Tourism in the five-city \u2018powerhouses\u2019 of Western Europe.<\/p>\n\n\n\n<p>The Cities Economic Impact Report, sponsored by Visa and researched in partnership with Oxford Economics, analysed key indicators such as Travel &amp; Tourism\u2019s contribution to GDP, employment and traveller spending. The study examined the sector&#8217;s impact in London, Paris, Berlin, Rome, and Madrid.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" width=\"588\" height=\"363\" data-src=\"https:\/\/www.ttrweekly.com\/site\/wp-content\/uploads\/2023\/02\/1-9.jpg\" alt=\"\" class=\"wp-image-217706 lazyload\" data-srcset=\"https:\/\/www.ttrweekly.com\/site\/wp-content\/uploads\/2023\/02\/1-9.jpg 588w, https:\/\/www.ttrweekly.com\/site\/wp-content\/uploads\/2023\/02\/1-9-300x185.jpg 300w, https:\/\/www.ttrweekly.com\/site\/wp-content\/uploads\/2023\/02\/1-9-356x220.jpg 356w\" data-sizes=\"(max-width: 588px) 100vw, 588px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 588px; --smush-placeholder-aspect-ratio: 588\/363;\" \/><figcaption class=\"wp-element-caption\">Photo credit: WTTC<\/figcaption><\/figure>\n<\/div>\n\n\n<p>The report from the global tourism body shows that in 2019, the Travel &amp; Tourism sector contributed over USD83.5 billion to the economies of the five European capitals, and last year was just 15% below 2019 at almost USD71 billion.<\/p>\n\n\n\n<p>Paris has shown the strongest recovery of the five capital cities, with the other four being 18% to 30% below 2019, demonstrating slightly slower recoveries than the French capital. In Paris, the sector GDP contribution was USD38 billion in 2019, but in 2022, it recovered to just 6% below pre-pandemic levels at an estimated USD35.7 billion.<\/p>\n\n\n\n<p>Although the sector\u2019s GDP contribution to London was worth almost USD15 billion in 2022, it is slightly behind Berlin in terms of recovery to 2019 levels. The German capital\u2019s contribution to the city\u2019s economy was worth over USD7.7 billion in 2022, 18% below 2019.<\/p>\n\n\n\n<p>Madrid&#8217;s GDP contribution was more than USD5.5 billion in 2022, 24% below 2019. However, Rome is witnessing the slowest recovery &#8211; 30% below 2019- with a sector contribution of almost USD7 billion.<\/p>\n\n\n\n<p>WTTC President &amp; CEO Julia Simpson said: \u201cTravellers are flocking back to Paris, London, Berlin, Madrid, and Rome. Business travel is growing steadily. And China\u2019s reopening is bringing welcome visitors to cities across Europe. Tourists provide a massive boost to both the economy and job creation.<\/p>\n\n\n\n<p>\u201cIt is crucial that the national and local governments continue to recognise the importance of Travel &amp; Tourism for the local and national economies, jobs, and businesses.\u201d<\/p>\n\n\n\n<p><strong>Jobs on the rise<\/strong><\/p>\n\n\n\n<p>Before the pandemic, there were over 976,000 jobs in Travel &amp; Tourism across the five cities.<\/p>\n\n\n\n<p>In 2020, job numbers in the five capitals fell by 41% to just over 580,000 jobs. The following year, job numbers rose by 13% to 654,000, and last year job numbers rose again by a further 23% to reach 807,000, just 17% below the combined total in 2019.<\/p>\n\n\n\n<p>Paris currently has the largest job market in Travel &amp; Tourism of the five capitals, with almost 322,000 jobs.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>SINGAPORE, 16 February 2023: A new report from the World Travel &amp; Tourism Council (WTTC) reveals strong signs of recovery of the economic impact from Travel &amp; Tourism in the five-city \u2018powerhouses\u2019 of Western Europe. The Cities Economic Impact Report, sponsored by Visa and researched in partnership with Oxford Economics, analysed key indicators such as [&hellip;]<\/p>\n","protected":false},"author":22,"featured_media":217706,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[267,1581],"tags":[],"class_list":{"0":"post-217705","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-europe","8":"category-trends"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.1.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Europe\u2019s tourism recovery in top gear - TTR Weekly<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ttrweekly.com\/site\/2023\/02\/europes-tourism-recovery-in-top-gear\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Europe\u2019s tourism recovery in top gear - TTR Weekly\" \/>\n<meta property=\"og:description\" content=\"SINGAPORE, 16 February 2023: A new report from the World Travel &amp; Tourism Council (WTTC) reveals strong signs of recovery of the economic impact from Travel &amp; Tourism in the five-city \u2018powerhouses\u2019 of Western Europe. 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