malta report 2011-pdf

8/6/2019 Malta Report 2011-PDF

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Malta

2011Travel & Tourism

economic impacT


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CHAIRMAN:

Georey J W KentFounder & Executive ChairmanAbercrombie & Kent

VICE CHAIRMEN:

Jean-Claude BaumgartenVice ChairmanWorld Travel & Tourism Council

Edouard EttedguiGroup Chie ExecutiveMandarin Oriental Hotel Group

Sir Maurice Flanagan KBEExecutive Vice ChairmanEmirates Airline & Group

Michael FrenzelChairman o the Executive Board

TUI AG

Mark HarmsChairman & CEOGlobal Leisure Partners

Stephen P HolmesChairman & CEOWyndham Worldwide

Manredi Leebvre DOvidioChairmanSilversea Cruises

Brett TollmanPresident & Chie ExecutiveThe Travel Corporation

EXECUTIVE COMMITTEE:

Marilyn Carlson NelsonChairmanCarlson

Je ClarkePresident & CEOTravelport

Andrew CosslettCEOInterContinental HotelsGroup PLC

Qiang DuanChairmanBeijing Tourism Group

Sebastin EscarrerVice ChairmanSol Meli

Manuel Fernando Esprito SantoChairmanRioorte Investments SA

Denis HennquinCEOAccor

Pansy HoManaging DirectorShun Tak Holdings Limited

James HoganCEOEtihad Airways

Hubert JolyPresident, CEO & DirectorCarlson

Richard R KelleyChairmanOutrigger Enterprises Group

Tom KleinPresidentSabre Holdings

Gerald LawlessExecutive ChairmanJumeirah Group

Jabu MabuzaCEOTsogo Sun Group

J W Marriott, JrChairman & CEOMarriott International, Inc

Alan Parker CBEChie ExecutiveWhitbread PLC

Christopher J Nassetta

President & CEOHilton Worldwide

Charles PetruccelliPresident Global Travel ServicesAmerican Express Company

Christopher Rodrigues CBEChairmanVisitBritain

Jerey C RutledgeChairman & CEOTravel Guard Worldwide, Inc

Arne M SorensonPresident & COOMarriott International, Inc

Jyotsna SuriChairperson & Managing DirectorBharat Hotels Ltd

GLOBAL MEMBERS:

Talal Al BaharChairman & Managing DirectorIFA Hotels & Resorts

Mohammed Al HabbaiCEODubailand

Ted J BalestreriChairman & CEOCannery Row Company

Simn P BarcelCEOBarcel Corporatin Empresarial

Raymond BicksonManaging DirectorTaj Hotels, Resorts and Palaces

Rattawadee BualertPresidentlebua Hotels & Resorts Co, Ltd

Gabriele BurgioChairman & CEONH Hoteles

Chris J Cahill

COOFairmont Raes HotelsInternational

Alexandre ChemlaPresidentAltour

Feng ChenChairman o the BoardHNA Group

Rong ChenCEOCITS, Head Ofce

Jim ComptonExecutive Vice President &Chie Revenue OfcerUnited Airlines

Pier Luigi FoschiChairman & CEOCosta Cruises

Arthur de HaastGlobal Chie Executive OfcerJones Lang LaSalle Hotels

Andy HarrisonChie ExecutiveWhitbread Plc

Raimund HoschPresident & CEOMesse Berlin GmbH

Stephen P. JoycePresident & CEOChoice Hotels International

Miltos KambouridesManaging PartnerDolphin Capital Partners

Dara KhosrowshahiPresident & CEOExpedia Inc

Sir Nigel KnowlesCo-CEO

DLA Piper

RK Krishna KumarVice ChairmanTaj Hotels, Resorts & Palaces

Hans LerchVice Chairman & CEOHotelplan Holding Ltd

Yi LiuPresidentBeijing Tourism Group

Luis MarotoCEOAmadeus IT Group SA

Richard MortimoreManaging DirectorReed Travel Exhibitions

Jim MurrenCEOMGM Resorts International

Jerry NoonanCo-leader, Global Hospitality& Leisure PracticeSpencer Stuart

Deepak OhriChie Executive Ofcerlebua Hotels & Resorts Co, Ltd

Frits D van Paasschen

President & CEOStarwood Hotels & ResortsWorldwide, Inc

Andy PayneCEOWilderness Saaris

Jean Gabriel PrsPresident & CEOMvenpick Hotels & Resorts

Fernando PintoCEOTAP Portugal

Alexander PleshakovCEOTransaero

Anne PruvotSenior ExecutiveAccenture

David RadclieChie ExecutiveHogg Robinson Group

Marty SalenGeneral ManagerGlobal Travel &Transportation IndustryIBM

Per SetterbergCEOGlobal Blue Group

Jasminder SinghChairman & CEORadisson Edwardian Hotels

Je SmisekPresident & CEOUnited Airlines

Khalid A bin SulayemDirector GeneralDepartment o Tourism andCommerce Marketing

Hiromi TagawaPresident & CEOJTB Corp

Yassin K TalhouniCEOZara Investment Holding Co Ltd

Jaume Tpies PresidentRelais & Chteaux

Robin TauckPresidentR Tauck & Partners

Jose Antonio Tazn Chairman o the Board

Amadeus IT Group SA

Jonathan M TischChairman & CEOLoews Hotels

Matthew D UpchurchCEOVirtuoso

Philip WolPresident & CEOPhoCusWright, Inc

Jiwei XuHuangshan Tourism GroupChairman

Vladimir YakushevManaging PartnerS-Group Capital Management

Tim ZagatCo-Founder, Co-Chair & CEOZagat Survey LLC

HONORARY MEMBERS:

Andr JordanChairmanAndr Jordan Group

Jonathan S Linen

Adviser to the ChairmanAmerican Express Company

Lord Marshall o KnightsbridgeChairmanNomura International plc

Sir Frank Moore, AOChairmanFT Moore P/L

Frank OlsonRetired Chairman o the BoardThe Hertz Corporation

Grard PlissonCo-Chairman, Supervisory BoardAccor

Carl RudermanChairmanUniversal Media

Tommaso ZanzottoPresidentTZ Associates Ltd

CHAIRMAN EMERITUS:

James D Robinson IIIGeneral PartnerRRE VenturesWTTC Chairman (1990-1994)

IMMEDIATE PAST

CHAIRMAN:

Vincent A WolfngtonChairmanGlobal Alliance Advisors LLCWTTC Chairman (2004-2007)

FORMER CHAIRMEN:

Sir Ian ProsserRetired ChairmanInterContinental HotelsGroup PLCWTTC Chairman (2001-2003)

Harvey GolubNon-Executive ChairmanAIG IncWTTC Chairman (1996-2001)

Robert H BurnsChairmanRobert H Burns HoldingsLimitedWTTC Chairman (1994-1996)

PRESIDENT & CEO:

David Scowsill

14 February 2011


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David Scowsill

President & CEO

World Travel & Tourism Council

Geoffrey J W Kent

Chairman, World Travel & Tourism Council and

Chairman & CEO, Abercrombie & Kent

1


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CONTENTS

0 Ky F

D h b T & T 4

T & T b GDp 5

T & T b y 6

7

Df T & T 8

y k 0 (Absolute Contribution) 9

y k 0 (Relative Contribution) 0

y k 0-0 (10-year Real Growth per annum)

sy Tb (Estimates and Forecasts)

sy Tb (Economic Contribution of Travel & Tourism) -4

Gy 5

TH pT F T & Ts

s F T s THsD, pDD s s KWDGD

1-2 Queen ictoria Terrace, sovereign ourt, ondon 1W 3H, K

Tel: +44 (0) 0 748 8007. Fax: +44 (0) 0 7488 008. mail: q@w.. www.w.2


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GDP: Direct Contribution4.5%

GDP: Total Contribution4.3%

Employment: Direct Contribution2.3%

Employment: Total Contribution2.0%

Visitor Exports4.7%

Investment4.6%

105 107

ABSOLUTE GROWTHsize forecast

Direct Indirect Induced

MALTA

Total Contribution of Travel & Tourism to GDPBreakdown of Travel & Tourism's Total Contribution to GDP and

Employment 2011

The total contribution of Travel &Tourism to GDP, including its wider economic impacts, is forecast

to rise by 4.3% pa from EUR1,613.6mn (25.4% of GDP) in 2011 to EUR2,463.5mn (29.0%) by

2021.

24

RELATIVEcontribution to national economy

Travel & Tourism is expected to support directly 23,000 jobs (14.0% of total employment) in 2011,

rising by 2.3% pa to 28,000 jobs (17.0%) by 2021.

2011 KEY FACTS

Relative importance of Travel & Tourism's total contribution to GDP

Travel & Tourism visitor exports are expected to generate EUR980.6mn (17.4% of total exports) in

2011, growing by 7.1% pa (in nominal terms) to EUR1,550.0mn (18.3%) in 2021.

The total contribution of Travel & Tourism to employment, including jobs indirectly supported by

the industry, is forecast to rise by 2.0% pa from 42,000 jobs (26.1% of total employment) in 2011 to

51,000 jobs (30.8%) by 2021.

TEL: +44 (0) 20 7481 8007 . FAX: +44 (0) 20 7488 1008 . [email protected] . www.wttc.org

GDP (2011 EURmn)

2011 World Travel & Tourism Council

2011 EURmn

= Total contribution of Travel

& Tourism

Employment ('000)

1-2 QUEEN VICTORIA TERRACE, SOVEREIGN COURT, LONDON E1W 3HA, UK

The direct contribution of Travel &Tourism to GDP is expected to be EUR823.7mn (13.0% of total

GDP) in 2011, rising by 4.5% pa to EUR1,280.2mn (15.1%) in 2021 (in constant 2011 prices).

Average real growth pa

2011-21

Travel & Tourism investment is estimated at EUR147.3mn or 16.0% of total investment in 2011. It

should rise by 4.6% pa to reach EUR230.1mn (or 18.6%) of total investment in 2021.

World ranking (out of 181 countries):

0

500

1,000

1,500

2,000

2,500

3,000

2001 2003 2005 2007 2009 2011 2021

243

547

824 23 13 6

3


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DEFINING THE ECONOMIC CONTRIBUTION OF

TRAVEL & TOURISM

Tourism Satellite Account: Recommended Methodological Framework (TSA: RMF 2008).

The total contribution of Travel & Tourism includes its wider impacts (ie the indirect and induced impacts) on the economy.

The indirect contribution includes the GDP and jobs supported by:

The direct contribution of Travel & Tourism to GDP reflects the internal spending on Travel & Tourism (total spending

within a particular country on Travel & Tourism by residents and non-residents for business and leisure purposes) as well as

government 'individual' spending - spending by government on Travel & Tourism services directly linked to visitors, such as

cultural (eg museums) or recreational (eg national parks).

Travel & Tourism is an important economic activity in most countries around the world. As well as its direct economic impact,

the industry has significant indirect and induced impacts. The UN Statistics Division-approved Tourism Satellite

Accounting methodology (TSA:RMF 2008) quantifies only the direct contribution of Travel & Tourism. But WTTCrecognises that Travel & Tourism's total contribution is much greater, and aims to capture its indirect and induced impactsthrough its annual research.

Direct Contribution

Total Contribution

The direct contribution of Travel & Tourism to GDP is calculated to be consistent with the output, as expressed in National

Accounting, of tourism-characteristic sectors such as hotels, airlines, airports, travel agents and leisure and recreation services

The direct contribution of Travel & Tourism to GDP is calculated from total internal spending by netting out the purchases

made by the different tourism sectors. This measure is consistent with the definition of Tourism GDP, specified in the 2008

The induced contribution measures the GDP and jobs supported by the spending of those who are directly or indirectly

employed by the Travel & Tourism industry.

that deal directly with tourists.

PLEASE NOTE THAT DUE TO CHANGES IN METHODOLOGY BETWEEN 2010 AND 2011, IT IS NOT POSSIBLE TOCOMPARE FIGURES PUBLISHED BY WTTC IN 2011 WITH THE SERIES PUBLISHED IN PREVIOUS YEARS

Government 'collective' spending, which helps Travel & Tourism activity in many different ways as it is made on behalf of

the community at large eg tourism marketing and promotion, aviation, administration, security services, resort area

security services, resort area sanitation services, etc;

Domestic purchases of goods and services by the sectors dealing directly with tourists - including, for example, purchases of

food and cleaning services by hotels, of fuel and catering services by airlines, and IT services by travel agents.

Travel & Tourism investment spending an important aspect of both current and future activity that includes investment

activity such as the purchase of new aircraft and construction of new hotels;

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1 All values are in constant 2011 prices & exchange rates

The direct contribution of Travel & Tourism to GDP is expected to grow by 4.5% per annum (pa) to

EUR1,280.2mn (15.1% of GDP) by 2021.

Constant 2011 EURmn


% of whole economy GDP


The total contribution of Travel & Tourism to GDP (including wider effects from investment, the supply

chain and induced income impacts, see page 2) is expected to be EUR1,613.6mn in 2011 (25.4% of GDP).

It is forecast to rise by 4.3% pa from EUR2,463.5mn by 2021 (29.0% of GDP).

Malta: Direct Contribution of Travel & Tourism to GDP

TRAVEL & TOURISM'S CONTRIBUTION TO GDP1

Malta: Total Contribution of Travel & Tourism to GDP

The direct contribution of Travel & Tourism to GDP is expected to be EUR823.7mn in 2011 (13.0% of

GDP). This primarily reflects the economic activity generated by industries such as hotels, travel agents,airlines and other passenger transportation services (excluding commuter services). But it also includes, for

example, the activities of the restaurant and leisure industries directly supported by tourists.

% of whole economy GDP

Constant 2011 EURmn

0.0

5.0

10.0

15.0

20.0

25.0

30.0

35.0

2011 2021

0

200

400

600

800

1,000

1,200

1,400

2001 2003 2005 2007 2009 2011 2021

0.0

2.0

4.0

6.0

8.0

10.0

12.0

14.0

16.0

2001 2003 2005 2007 2009 2011 2021

0

500

1,000

1,500

2,000

2,500

3,000

2011 2021

5


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'000 % of whole economy employment

% of whole economy employment

Direct Indirect Induced Direct Indirect Induced

By 2021, Travel & Tourism will account for 28,000 jobs directly, an increase of 5,000 (25.1%) over the next

ten years.

Travel & Tourism is expected to generate 23,000 jobs directly in 2011 (14.0% of total employment). This

includes employment by hotels, travel agents, airlines and other passenger transportation services

TRAVEL & TOURISM'S CONTRIBUTION TO

EMPLOYMENT

Malta: Direct Contribution of Travel & Tourism to Employment

Malta: Total Contribution of Travel & Tourism to Employment

The total contribution of Travel & Tourism to employment (including wider effects from investment, the

supply chain and induced income impacts, see page 2) is expected to be 42,000 jobs in 2011 (26.1% of total

employment). By 2021, Travel & Tourism is forecast to support 51,000 jobs (30.8% of total employment), an

increase of 2.0% pa over the period.

(excluding commuter services). It also includes, for example, the activities of the restaurant and leisure

industries directly supported by tourists.

'000

0.0

2.0

4.0

6.0

8.0

10.0

12.0

14.0

16.0

18.0

2001 2003 2005 2007 2009 2011 2021

0

10

20

30

40

50

60

2011 2021

0

5

10

15

20

25

30

2001 2003 2005 2007 2009 2011 2021

0.0

5.0

10.0

15.0

20.0

25.0

30.0

35.0

2011 2021

6


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Constant 2011 EURmn mn Foreign visitor exports as % of total exports

Foreign visitor exports (LHS) Foreign tourist arrivals (RHS)

Constant 2011 EURmn

1All values are in constant 2011 prices & exchange rates

Travel & Tourism is expected to attract capital investment of EUR147.3mn, rising by 4.6% pa to

EUR230.1mn.

Visitor exports are a key component of the direct contribution of Travel & Tourism. Malta is expected to

attract 1,492,000 international tourist (overnight visitor) arrivals in 2011, generating EUR980.6mn in visitorexports (foreign visitor spending, including spending on transportation).

Travel & Tourism capital investment as % of wholeeconomy capital investment

By 2021, international tourist arrivals are forecast to total 2,049,000, an increase of 3.2% pa generating

expenditure of EUR1,550.0mn.

VISITOR EXPORTS1

Malta: Capital Investment in Travel & Tourism

Malta: Visitor Exports and International Tourist Arrivals

This means that Travel & Tourisms share of total national investment will rise from 16.0% in 2011 to 18.6%

in 2021.

INVESTMENT

0

200

400

600

800

1,000

1,200

1,400

1,600

1,800

2001 2003 2005 2007 2009 2011 2021

0

0.5

1

1.5

2

2.5

0.0

5.0

10.0

15.0

20.0

25.0

2001 2003 2005 2007 2009 2011 2021

0

50

100

150

200

250

2001 2003 2005 2007 2009 2011 2021

0.0

2.0

4.0

6.0

8.0

10.0

12.0

14.0

16.0

18.0

20.0

2001 2003 2005 2007 2009 2011 2021

7


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Direct 51.0%

Indirect 33.9%

Induced 15.0%

a)

b)

c)

1 All values are in constant 2011 prices & exchange rates

Investment: 7.3%

Indirect is the sum of:

The Travel & Tourism industry contributes to

GDP and employment in many ways as detailedon page 2.

The total contribution of Travel & Tourismto GDP is nearly twice as large as its directcontribution.

Government collective: 8.3%

Supply chain: 18.3%

DIFFERENT COMPONENTS OF TRAVEL & TOURISM1

Leisure travel spending (inbound and domestic) is

expected to generate 91.5% of direct Travel &

Tourism GDP in 2011 compared with 8.5% for

business travel spending.

Malta: Travel & Tourism's Direct Contribution to GDP -

Business vs Leisure, 2011

Malta: Breakdown of Travel & Tourism's Total Contribution

to GDP, 2011

Leisure travel spending is expected to total

EUR1,050.8mn in 2011, rising to

EUR1,625.2mn in 2021.

Business travel spending is expected to total

EUR97.1mn in 2011, rising to EUR158.8mn in

2021.

Domestic travel spending is expected to generate

14.6% of direct Travel & Tourism GDP in 2011

compared with 85.4% for visitor exports. (ie

foreign visitor spending or international tourism

receipts).

Foreign visitor spending 85.4% Domestic spending 14.6%

Leisure spending 91.5% Business spending 8.5%

Malta: Travel & Tourism's Direct Contribution to GDP -

Domestic vs Foreign, 2011

Domestic travel spending is expected to total

EUR167.4mn in 2011, rising to EUR234.0mn

in 2021.

Visitor exports are expected to total

EUR980.6mn in 2011, rising to EUR1,550.0mn

in 2021.

b

a

c

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COUNTRY RANKINGS, 2011

WTTC League Table Extract: Absolute Contribution

Travel & Tourism's Direct Contribution to GDP Travel & Tourism's Total Contribution to GDP2011 2011

(US$bn) (US$bn)

4 France 97.07 4 France 227.88

5 Spain 68.36 5 Spain 191.67

8 Italy 64.29 8 Italy 170.49

13 Turkey 29.17 16 Turkey 71.48

World Average 15.68 World Average 47.43

26 Greece 15.68 22 Greece 43.90

38 Morocco 8.30 42 Morocco 17.82

56 Tunisia 3.86 50 Lebanon 13.52

57 Lebanon 3.77 62 Tunisia 7.9882 Cyprus 1.37 76 Cyprus 4.15

96 Malta 1.02 105 Malta 2.00

2011 2011

('000) ('000)

13 France 1148.7 15 France 2615.7

16 Morocco 918.4 16 Spain 2344.4

18 Italy 853.4 18 Italy 2209.7


29 Turkey 503.3 20 Morocco 2000.6

30 Spain 490.6 22 Turkey 1873.5

40 Greece 332.4 40 Greece 767.9

46 Tunisia 245.9 54 Tunisia 509.4

73 Lebanon 121.9 60 Lebanon 431.7

127 Cyprus 27.0 125 Cyprus 76.6

132 Malta 22.6 142 Malta 42.0

Travel & Tourism Investment Visitor Exports2011 2011

(US$bn) (US$bn)

8 Italy 15.75 3 Spain 57.59

9 Spain 15.69 4 France 53.98

10 France 15.33 6 Italy 42.84

17 Turkey 8.91 12 Turkey 22.87

20 Greece 7.41 22 Greece 14.76

World Average 3.60 36 Lebanon 8.7837 Morocco 3.19 37 Morocco 8.34

57 Lebanon 1.25 World Average 6.44


89 Cyprus 0.33 62 Cyprus 2.74

119 Malta 0.18 90 Malta 1.22

selected are those that offer a similar tourism product and compete for tourists from the same set of origin markets.

These tend to be, but are not exclusively, geographical neighbours.

The tables on pages 9-11 provide provide brief extracts from the full WTTC Country League Table Rankings,

highlighting comparisons with competing destinations as well as with the world average. The competing destinations

Travel & Tourism's Direct

Contribution to Employment

Travel & Tourism's Total


9


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COUNTRY RANKINGS, 2011

WTTC League Table Extract: Relative Contribution

Travel & Tourism's Direct Contribution to GDP Travel & Tourism's Total Contribution to GDP2011 2011

% share % share

14 Malta 12.99 15 Lebanon 33.84

21 Lebanon 9.45 24 Malta 25.44


25 Tunisia 8.25 33 Cyprus 18.25

40 Cyprus 6.03 37 Tunisia 17.04


52 Spain 5.13 50 Spain 14.39


70 Turkey 4.07 81 Turkey 9.9872 France 3.87 86 France 9.10

91 Italy 3.24 90 Italy 8.59

2011 2011

% share % share

15 Malta 14.0 16 Lebanon 32.2

21 Lebanon 9.1 22 Malta 26.1

24 Greece 8.0 31 Cyprus 19.6

25 Morocco 8.0 32 Greece 18.4

27 Tunisia 7.5 35 Morocco 17.3

36 Cyprus 6.9 43 Tunisia 15.5


62 France 4.5 53 Spain 12.7

77 Italy 3.7 74 France 10.2

113 Spain 2.6 80 Italy 9.7


Travel & Tourism Investment Visitor ExportsContribution to Capital Investment 2011 Contribution to Exports 2011

% share % share

23 Malta 15.97 34 Lebanon 32.05

26 Greece 14.26 40 Morocco 26.11

32 Morocco 11.35 43 Greece 22.78

39 Lebanon 10.18 48 Cyprus 20.64

56 Tunisia 8.44 54 Malta 17.88

World Average 8.27 58 Tunisia 15.6271 Cyprus 7.02 59 Spain 15.50


94 Spain 5.40 97 France 8.13

121 Italy 4.08 98 Italy 8.08

143 France 3.03 World Average 5.75





10


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COUNTRY RANKINGS, 2011 - 2021

WTTC League Table Extract: 10-year Real Growth per annum

Travel & Tourism's Direct Contribution to GDP Travel & Tourism's Total Contribution to GDP2011 - 2021 2011 - 2021

(10-year real growth % pa) (10-year real growth % pa)


91 Cyprus 4.8 98 Cyprus 4.5

101 Malta 4.5 105 Turkey 4.3

World Average 4.4 107 Malta 4.3

113 Lebanon 4.3 110 Lebanon 4.3

119 Turkey 4.2 World Average 4.1



161 Italy 2.6 169 Italy 2.0166 France 2.4 177 France 1.6

180 Spain 1.1 179 Spain 1.1

2011 - 2021 2011 - 2021



71 Turkey 2.7 World Average 2.2

95 Malta 2.3 94 Greece 2.1

101 Cyprus 2.1 101 Malta 2.0

112 Lebanon 1.9 105 Cyprus 1.8

World Average 1.9 107 Lebanon 1.8

116 Greece 1.9 114 Turkey 1.7

127 Italy 1.6 144 Italy 1.0

139 France 1.4 150 France 0.5

153 Spain 0.8 154 Spain 0.3


Travel & Tourism Investment Visitor Exports2011 - 2021 2011 - 2021


22 Turkey 6.8 26 Morocco 6.7

64 Cyprus 5.5 52 Greece 5.9

World Average 5.4 87 Cyprus 4.9

88 Morocco 4.8 93 Malta 4.7

89 Spain 4.7 World Average 4.3

94 Malta 4.6 117 Lebanon 4.1102 Lebanon 4.4 141 Turkey 3.3

133 Greece 3.5 154 France 2.5

144 Tunisia 3.0 156 Italy 2.5

150 France 2.9 163 Spain 2.2

168 Italy 1.7 172 Tunisia 1.7





11


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ESTIMATES AND FORECASTS

2011

EURmn1

EURmn1

Direct contribution to GDP 823.7 13.0 12.9 1,280.2 15.1 4.5

Total contribution to GDP 1,613.6 25.4 11.1 2,463.5 29.0 4.3

Direct contribution to employment4

23 14.0 11.5 28 17.0 2.3

Total contribution to employment4

42 26.1 9.8 51 30.8 2.0

Visitor exports 980.6 17.4 14.1 1,550.0 18.3 4.7

Domestic spending 147.8 2.3 6.9 206.9 2.4 3.4

Leisure spending 1,050.8 16.6 11.9 1,625.2 19.2 4.5

Business spending 97.1 1.5 25.1 158.8 1.9 5.0

Capital investment 147.3 16.0 13.0 230.1 18.6 4.6

12011 constant prices & exchange rates; 22011 real growth adjusted for inflation (%); 32011-2021 annualised real growth adjusted for inflation (%); 4'000 jobs

US$bn1

US$bn1

Direct contribution to GDP 554.5 2.8 2.7 748.2 2.9 3.0



9,709 2.6 1.3 11,153 3.0 1.4


28,058 7.7 0.3 30,338 8.1 0.8

Visitor exports 487.2 6.0 5.9 683.1 5.0 3.4

Domestic spending 654.2 3.3 0.7 879.8 3.4 2.9

Leisure spending 914.1 4.6 2.6 1,246.0 4.8 3.1

Business spending 249.0 1.2 3.8 342.6 1.3 3.2

Capital investment 144.1 3.8 4.6 214.2 3.9 3.9


WORLDWIDE US$bn1

US$bn1

Direct contribution to GDP 1,850 2.8 4.5 2,861 2.9 4.2



99,048 3.4 3.0 120,427 3.6 2.0


258,592 8.8 3.2 323,826 9.7 2.3

Visitor exports 1,163 5.7 5.5 1,789 4.7 4.3

Domestic spending 2,637 4.0 3.8 4,128 4.3 4.3

Leisure spending 2,963 4.5 3.8 4,604 4.7 4.3

Business spending 899 1.4 6.1 1,402 1.5 4.3

Capital investment 651 4.5 4.6 1,124 4.6 5.4


SUMMARY TABLES

Growth3

% of total

% of total

Growth2

Growth3

Growth3

2011

% of total

2021

Growth22021

MALTA

2021

% of totalGrowth2

% of total

EUROPE

2011

% of total

12


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MALTA

(EURmn, nominal prices) 2005 2006 2007 2008 2009 2010 2011E 2021F

1. Visitor exports 744.2 767.1 829.1 825.7 735.6 840.0 980.6 1,947.9

2. Domestic expenditure 123.0 131.0 130.0 138.6 137.8 135.1 147.8 260.0

3. Internal tourism consumption 880.7 912.6 973.9 981.8 891.2 993.9 1,148.0 2,241.9

(= 1 + 2 + government individual spending)

4. Purchases by tourism providers, -252.3 -252.9 -268.1 -276.6 -250.5 -280.7 -324.3 -633.1

including imported goods (supply chain)

5. Direct contribution of Travel & Tourism to GDP

(= 3 + 4) 628.4 659.7 705.8 705.1 640.6 713.1 823.7 1,608.8

Other final impacts (indirect & induced)

6. Domestic supply chain 227.8 239.1 255.8 255.7 232.3 258.6 298.7 583.3

7. Capital investment 133.7 157.2 115.4 115.5 114.0 127.5 147.3 289.2

8. Government collective spending 92.7 99.5 101.8 119.8 122.7 129.9 136.1 235.9

-35.2 -35.0 -26.2 -27.8 -27.2 -31.1 -35.0 -64.1

10. Induced 189.4 193.1 199.0 208.7 208.2 221.2 242.8 442.8

(= 5 + 6 + 7 + 8 + 9 + 10)

Employment impacts ('000)

20.9 20.9 21.6 21.2 19.4 20.2 22.6 28.2

Other indicators

14. Expenditure on outbound travel 249.8 286.7 303.4 326.7 359.7 428.2 450.8 801.7

1,171 1,124 1,244 1,291 1,183 1,324 1,492 2,049

Historical data for concepts has been benchmarked to match reported TSA data where available.

THE ECONOMIC CONTRIBUTION OF

*Concepts shown in this table align with the standard table totals as described in the 2008Tourism Satellite Account: Recommended

Methodological Framework (TSA: RMF 2008) developed by the United Nations Statistical Division (UNSD), the Statistical Office

of the European Communities (EUROSTAT), the Organisation for Economic Co-operation and Development (OECD) and the World

Tourism Organization (UNWTO).

37.0 38.3 42.0 51.139.2 39.4 39.4 39.4

1,236.8 1,313.7 1,351.7 1,377.0

15. International tourist (overnightvisitor) arrivals ('000)

TRAVEL & TOURISM

13. Total contribution of Travel &Tourism to employment

11. Total contribution of Travel &

Tourism to GDP

9. Imported goods from indirectspending

12. Direct contribution of Travel &

Tourism to employment

1,290.6 1,419.2 1,613.6 3,095.9

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MALTA

GROWTH1 (%) 2005 2006 2007 2008 2009 2010 2011E 2021F 2

1. Visitor exports -4.7 -0.1 5.0 -2.5 -12.9 10.5 14.1 4.7

2. Domestic expenditure 7.5 3.3 -3.7 4.4 -2.8 -5.1 6.9 3.4

3. Internal tourism consumption -3.1 0.5 3.6 -1.3 -11.3 7.9 12.9 4.5

(= 1 + 2 + government individual spending)

4. Purchases by tourism providers, -4.4 -2.7 3.4 1.9 -11.9 8.1 12.3 4.5

including imported goods (supply chain)

5. Travel & Tourism's direct contribution to GDP

(= 3 + 4) -2.6 1.8 3.9 -2.2 -11.2 7.7 12.9 4.5

Other final impacts (indirect & induced)

6. Domestic supply chain -2.6 1.8 3.9 -2.2 -11.2 7.7 12.9 4.5

7. Capital investment 23.1 14.0 -28.7 -2.1 -3.5 8.2 13.0 4.6

8. Government collective spending -0.9 4.1 -0.7 15.2 0.1 2.5 2.3 3.3

-65.1 -3.7 -27.3 4.0 -4.4 10.6 10.0 3.9

10. Induced 7.0 -1.2 0.1 2.6 -2.5 2.8 7.3 3.8

(= 5 + 6 + 7 + 8 + 9 + 10)

Employment impacts

-4.1 -0.2 3.4 -1.7 -8.8 4.6 11.5 2.3

Other indicators

14. Expenditure on outbound travel 4.6 11.3 2.8 5.4 7.6 15.2 2.9 3.5

1.3 -4.0 10.7 3.8 -8.4 11.9 12.7 3.2

3.0

0.0

-0.3

9. Imported goods from indirectspending

12. Direct contribution of Travel &

Tourism to employment

-0.1

-6.1 3.4 9.8 2.04.2 0.4

12005-2011 real annual growth adjusted for inflation (%); 22011-2021 annualised real growth adjusted for inflation (%)

13. Total contribution of Travel &Tourism to employment 0.1

15. International tourist (overnightvisitor) arrivals

TRAVEL & TOURISM

THE ECONOMIC CONTRIBUTION OF

11. Total contribution of Travel &

Tourism to GDP-8.4 6.4 11.1 4.36.9

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KY DFTs

Travel & Tourism h y

h wh

h y. y

h wh

h h.

Direct contribution to GDP GDp by

h y wh ,

h, , h

, w h

h y wh .

q T & T

( bw) wh y h h by h ( ).

h T s hy

wh GDp b 6 h

Ts: F 008.

Direct contribution to employment h b

jb wh h T & T y. Th

wh y b 7

h Ts: F 008.

Total contribution to GDP GDp y

by h T & T y

( bw).

Total contribution to employment h b

jb y h T & T

y h b

( bw).

DT spDG pTs

Visitor exports wh h y by

bh b ,

. Th wh

b b h Ts:

F 008.

Domestic Travel & Tourism spending

wh y by h y bh

b . - b

hy h y

. Th wh

b h Ts: F 008.

b by b

h, b y h Ts:

F 008 ( bw).

Government individual spending

-k whh

b b y . Th

y b

, , y b

. F ,

k .

Internal tourism consumption

wh y by h

y wh ,

. Th

b by . Th

wh

b 4 h Ts: F 008.

Business Travel & Tourism spending

b wh y by

.

Leisure Travel & Tourism spending

wh y by

.

DT D DD pTs

Indirect contribution h b GDp

jb h w h :

by y h T

& T y. Th

by h

h w

q, w

. Th

wh

b 8 h Ts: F 008.

G

y. Th

w

. F ,

, ,

h b . Th

wh b 9

Ts: F 008.

sy-h f h

y by f h T &

T y h .

Induced contribution h b b

GDp y by h wh

y y y by T & T.

TH DTs

Outbound expenditure h

y by b. Th y

wh b b h Ts: F 008.

Foreign visitor arrivals h b

, -y h

() h y.

GLOSSARY

15


18/20

Th W T & T h b h T

& T y.

Wh h h h h 00 T & T b,

WTT h q w T & T.

WTT wk w T & T h w ,

60 jb 9% b GDp 0.

Th wh h , , WTT h

b wh wh q qy, h

T & T 8 h w. bh W

hhh b . T w - , h h, www.wttc.org

WTT y, bhk,

.

h 0 y h b y b 00

ww, , , bk, bh

b. Hq , , wh , B, p,

h , s, phh, w Yk s F, y 70

-, hhy q , wh k wh wk

ww.

F k wb, www..,

Jh G, , bby H, s , , X HB, K.

T: +44 (0) 865 68900; : j@.

16


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WTTC CONTACTS

David Scowsillp &

/ .@w.

Elliott FrisbyD,

.by@w.

Jason NormanD, F & y sy

j.@w.

Olivia Ruggles-BriseD, py & h

.b@w.

Tony ThompsonD,

y.h@w.

Eva Aimable, py & h

.b@w.

Sarieu Caramba-Coker .b-k@w.

Anja Eckervogt

j.k@w.

Susann Kruegel, py

.k@w.

Pamela Priest

.@w.

Paulina Tomczykbh -

.zyk@w.

Zheng Yan h

zh.y@w.

Nancy Cockerell, py & h

y.k@w.

WTTC India Initiative@w.

2011 World Travel & Tourism Council


20/20

1-2 Queen ictoria Terrace

sovereign ourtondon 1W 3H, K

Tel: +44 (0) 0 748 8007Fax: +44 (0) 0 7488 008mail: q@w.

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