{"id":267147,"date":"2026-05-18T05:15:00","date_gmt":"2026-05-17T22:15:00","guid":{"rendered":"https:\/\/www.ttrweekly.com\/site\/?p=267147"},"modified":"2026-05-18T06:09:23","modified_gmt":"2026-05-17T23:09:23","slug":"global-tourism-outpaces-economic-growth","status":"publish","type":"post","link":"https:\/\/www.ttrweekly.com\/site\/2026\/05\/global-tourism-outpaces-economic-growth\/","title":{"rendered":"Global tourism outpaces economic growth"},"content":{"rendered":"\n<p>SINGAPORE, 18 May 2026: Global Travel &amp; Tourism is forecast to continue outpacing wider economic growth in 2026, with the sector expected to contribute USD12 trillion to the world economy, accounting for 9.9% of GDP, according to new data from the World Travel &amp; Tourism Council, sponsored by Chase Travel, Lead Research Partner.<\/p>\n\n\n\n<p>WTTC\u2019s latest Economic Impact Research (EIR) forecasts the sector will grow by 3.2% globally in 2026, ahead of wider global economic growth of 2.4%. Travel &amp; Tourism is also expected to support 376 million jobs worldwide in 2026, representing one in nine jobs globally.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" width=\"1520\" height=\"1020\" data-src=\"https:\/\/www.ttrweekly.com\/site\/wp-content\/uploads\/2026\/05\/image-145.png\" alt=\"\" class=\"wp-image-267151 lazyload\" style=\"--smush-placeholder-width: 1520px; --smush-placeholder-aspect-ratio: 1520\/1020;aspect-ratio:1.4902077312168396;width:545px;height:auto\" data-srcset=\"https:\/\/www.ttrweekly.com\/site\/wp-content\/uploads\/2026\/05\/image-145.png 1520w, https:\/\/www.ttrweekly.com\/site\/wp-content\/uploads\/2026\/05\/image-145-300x201.png 300w, https:\/\/www.ttrweekly.com\/site\/wp-content\/uploads\/2026\/05\/image-145-600x403.png 600w, https:\/\/www.ttrweekly.com\/site\/wp-content\/uploads\/2026\/05\/image-145-768x515.png 768w, https:\/\/www.ttrweekly.com\/site\/wp-content\/uploads\/2026\/05\/image-145-696x467.png 696w, https:\/\/www.ttrweekly.com\/site\/wp-content\/uploads\/2026\/05\/image-145-1068x717.png 1068w, https:\/\/www.ttrweekly.com\/site\/wp-content\/uploads\/2026\/05\/image-145-626x420.png 626w\" data-sizes=\"(max-width: 1520px) 100vw, 1520px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" \/><figcaption class=\"wp-element-caption\"><em>Photo credit: WTTC<\/em><\/figcaption><\/figure>\n<\/div>\n\n\n<p>Over the next decade, the sector is forecast to support almost 89 million new jobs globally, accounting for approximately one-third of all new jobs expected across the wider economy. During the same period, global Travel &amp; Tourism GDP is forecast to grow at an annual rate of 3.6%, 1.5 times faster than the wider global economy, which is forecast to grow at 2.4%.<\/p>\n\n\n\n<p>Against this global backdrop, WTTC highlighted the importance of continued investment in smart infrastructure, digital innovation, sustainable destination management, skills development, and cross-border connectivity to maintain the sector\u2019s strong long-term growth trajectory. The organisation also pointed to the growing role of AI and new technologies in improving traveller experience, operational efficiency, and workforce development across the sector.<\/p>\n\n\n\n<p>In Europe, Travel &amp; Tourism is forecast to outperform the wider regional economy in 2026, reinforcing its role as one of the continent\u2019s strongest drivers of growth, jobs, and investment.<\/p>\n\n\n\n<p>While wider European GDP growth is forecast to reach just 1% in 2026 amid continued inflationary pressures and economic uncertainty, Travel &amp; Tourism GDP across Europe is expected to grow by 3.6%, nearly four times faster.<\/p>\n\n\n\n<p>WTTC\u2019s latest Economic Impact Research shows the sector continues to exhibit remarkable resilience, even as households face rising costs and persistent value-seeking behaviour.<\/p>\n\n\n\n<p>International visitor spending across Europe is projected to grow 7.1% in 2026, significantly ahead of the global average of 3.7%, as travellers increasingly choose destinations closer to home amid geopolitical uncertainty and disruption in other regions.<\/p>\n\n\n\n<p>Southern European destinations continue to lead the region\u2019s momentum, with Spain standing out as one of Europe\u2019s strongest-performing major tourism economies. WTTC forecasts Spain\u2019s Travel &amp; Tourism sector will grow 3.7% in 2026, matching T\u00fcrkiye and outperforming the wider European economy, while Italy is expected to lead the region\u2019s major markets with growth of 3.8%. International visitor spending in Spain is also forecast to increase by 5.3% this year, underlining the continued strength and competitiveness of Mediterranean destinations. In 2025, Spain recorded 96.8 million international visitor arrivals, the second-highest in Europe after France. Yet, the country recorded \u20ac115.1BN (USD130.1 billion) in international visitor spending in the same year, making it the leading destination in Europe and the third globally.&nbsp;<\/p>\n\n\n\n<p>WTTC President &amp; CEO Gloria Guevara said: \u201cTravel &amp; Tourism continues to prove its resilience across Europe and remains one of the region\u2019s most important economic growth engines at a time when wider economic expansion is slowing. The sector is creating jobs, driving investment, and supporting communities across the continent.<\/p>\n\n\n\n<p>\u201cCountries such as Spain, Italy, France and T\u00fcrkiye are showing what is possible when governments recognise the strategic value of Travel &amp; Tourism and support the sector through smart investment, strong connectivity, and forward-looking policies. Europe has a real opportunity to build on this momentum, but maintaining competitiveness, affordability, and seamless travel will be critical.\u201d<\/p>\n\n\n\n<p><em>(Source: WTTC)<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>SINGAPORE, 18 May 2026: Global Travel &amp; Tourism is forecast to continue outpacing wider economic growth in 2026, with the sector expected to contribute USD12 trillion to the world economy, accounting for 9.9% of GDP, according to new data from the World Travel &amp; Tourism Council, sponsored by Chase Travel, Lead Research Partner. WTTC\u2019s latest [&hellip;]<\/p>\n","protected":false},"author":45,"featured_media":267152,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[267,1581],"tags":[],"class_list":{"0":"post-267147","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>Global tourism outpaces economic growth - 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\/2026\/05\/global-tourism-outpaces-economic-growth\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Global tourism outpaces economic growth - TTR Weekly\" \/>\n<meta property=\"og:description\" content=\"SINGAPORE, 18 May 2026: Global Travel &amp; Tourism is forecast to continue outpacing wider economic growth in 2026, with the sector expected to contribute USD12 trillion to the world economy, accounting for 9.9% of GDP, according to new data from the World Travel &amp; Tourism Council, sponsored by Chase Travel, Lead Research Partner. 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