wttc ec tur

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2010Executive Summary

Travel & Tourismeconomic impacT


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CHAIRMAN:

Geoffrey J W Kent

Chairman & CEO

Abercrombie & Kent

VICE CHAIRMEN:

Edouard Ettedgui

Group Chief Executive

Mandarin Oriental Hotel Group

Maurice Flanagan CBE

Executive Vice Chairman

Emirates Airline & Group

Michael Frenzel

Chairman of the Executive Board

TUI AG

Mark Harms

Chairman & CEO

Global Leisure Partners LLP

Stephen P Holmes

Chairman, President & CEO

Wyndham Worldwide

Manfredi Lefebvre DOvidio

Chairman

Silversea Cruises

Brett Tollman

President

The Travel Corporation

EXECUTIVE COMMITTEE:

Marilyn Carlson Nelson

Chairman

Carlson

Alex Christou

Managing Partner

Accenture

Jeff Clarke

President & CEO

Travelport

Andrew Cosslett

CEO

InterContinental Hotels

Group PLC

Qiang Duan

Chairman

Beijing Tourism Group

Sebastin Escarrer

Vice Chairman & CEO

Sol Meli

Manuel Fernando Esprito Santo

Chairman

Esprito Santo Tourism

Edward P Gilligan

Vice Chairman

American Express Company

Pansy Ho

Managing Director

Shun Tak Holdings Limited

Hubert JolyPresident & CEO

Carlson

Richard R Kelley

Chairman

Outrigger Enterprises Group

Tom Klein

Group President

Sabre Travel Network &

Sabre Airline

Executive Vice President

Sabre Holdings

Gerald Lawless

Executive Chairman

Jumeirah Group

J W Marriott, Jr

Chairman & CEO

Marriott International, Inc

Alan Parker CBE

Chief Executive

Whitbread plc

Gilles Plisson

CEO

Accor

Charles Petruccelli

President Global Travel Services


Christopher Rodrigues CBE

Chairman

VisitBritain

Jeffrey C Rutledge

Chairman & CEO

Travel Guard Worldwide, Inc

Jyotsna Suri

Chairperson & Managing Director

Bharat Hotels Ltd

Jonathan M Tisch

Chairman & CEO

Loews Hotels

GLOBAL MEMBERS:

Talal Al Bahar

Chairman & Managing Director

IFA Hotels & Resorts

Mohammed Al Habbai

CEO

Dubailand

Ted J Balestreri

Chairman & CEO

Cannery Row Company

Fabio Barbosa

CEO

Grupo Santander Brazil

Simn P Barcel

Chairman & CEO

Barcel Hotels & Resorts

Raymond Bickson

Managing Director

Taj Hotels, Resorts and Palaces

Giorgio Boscolo

CEO

Boscolo Group

Rattawadee Bualert

President

lebua Hotels & Resorts Co, Ltd

Gabriele Burgio

President & CEONH Hoteles

Chris J Cahill

COO

Fairmont Rafes Hotels

International

Jim Compton

Executive Vice President, Marketing

Continental Airlines

Tony Fernandes

Group Chief Executive Ofcer

AirAsia

Frank Fiskers

President & CEOScandic Hotels

Mark P Frissora

Chairman and CEO

The Hertz Corporation

Naresh Goyal

Chairman

Jet Airways India Ltd

Arthur de Haast

Global Chief Executive Ofcer

Jones Lang LaSalle Hotels

James Hogan

CEO

Etihad Airways

Raimund Hosch

President & CEO

Messe Berlin GmbH

Miltos Kambourides

Managing Partner

Dolphin Capital Partners

Gary L Kessler

President & CEO

Carey International Inc

Dara Khosrowshahi

President & CEO

Expedia Inc

Sir Nigel Knowles

Joint CEODLA Piper

Ali Kolaghassi

Vice Chairman & CEO

Saraya Holdings

RK Krishna Kumar

Vice Chairman

Taj Hotels, Resorts & Palaces

Jabu Mabuza

CEO

Tsogo Sun Group

Luis Maroto

Deputy CEO

Amadeus IT Group SA

Yunxin Mei

President

Beijing Tourism Group

Richard Mortimore

Managing Director

Reed Travel Exhibitions

Geoff Muirhead CBE

Group Chief Executive

The Manchester Airports Group

Hamza Mustafa

CEO

Istithmar Hospitality & Real

Estate Business

Christopher J Nassetta

President & CEO

Hilton Worldwide

Jerry Noonan

Consultant

Spencer Stuart

Deepak Ohri

Chief Executive Ofcer

lebua Hotels & Resorts Co, Ltd

Frits D van Paasschen

President & CEO

Starwood Hotels & Resorts

Worldwide Inc

Andy PayneManaging Director

Wilderness Safaris

Jean Gabriel Prs

President & CEO

Mvenpick Hotels & Resorts

Dionsio Pestana

Chairman

Group Pestana

Fernando Pinto

CEO

TAP Portugal

Bob Puccini

CEO

The Puccini Group

David Radcliffe

Chief Executive

Hogg Robinson Group

Jay Rasulo

Chairman

Walt Disney Parks and Resorts

Marty Salfen

General Manager

Global Travel &

Transportation Industry

IBM

Per Setterberg

CEO

Global Refund Group

Jasminder Singh

Chairman & CEO

Radisson Edwardian Hotels

Jeff Smisek

Chairman, President & CEO

Continental Airlines

Khalid A bin Sulayem

Director General

Dubai Department of Tourism and

Commerce Marketing

Hiromi Tagawa

President & CEO

JTB Corp

Yassin K Talhouni

CEO

Zara Investment Holding Co Ltd

Jaume Tpies

President

Relais & Chteaux

Robin Tauck

President

R Tauck & Partners LLC

Matthew D Upchurch

CEO

Virtuoso

Michel Vauclair

Senior Vice President

Global Asset Management

Oxford Properties Group

Philip Wolf

President & CEO

PhoCusWright, Inc

Valdimir Yakushev

Managing Partner

S-Group Capital Management

Tim Zagat

Co-Founder, Co-Chair & CEO

Zagat Survey LLC

HONORARY MEMBERS:

Andr Jordan

Chairman

Andr Jordan Group

Jonathan S Linen

Adviser to the Chairman


Lord Marshall of Knightsbridge

Chairman

Pirelli UK plc

Sir Frank Moore, AO

Chairman

FT Moore P/L

Frank Olson

Retired Chairman of the Board

The Hertz Corporation

Grard Plisson

Co-Chairman, Supervisory Board

Accor

Carl Ruderman

Chairman

Universal Media

Tommaso Zanzotto

President

TZ Associates Ltd

CHAIRMAN EMERITUS:

James D Robinson III

General Partner

RRE Ventures

WTTC Chairman (1990-1994)

IMMEDIATE PAST CHAIRMAN:

Vincent A Wolngton

Chairman

Global Alliance Advisors LLC


FORMER CHAIRMEN:

Sir Ian Prosser

Retired Chairman

InterContinental Hotels

Group PLC


Harvey Golub

Non-Executive Chairman

AIG Inc


Robert H Burns

Chairman

Robert H Burns Holdings Limited


PRESIDENT & CEO:

Jean-Claude Baumgarten

9 February 2010


3/20

THe WorlD Travel & Tourism council (WTTc), WHicHis THe Business leaDers Forum For Travel & Tourism,

Has spenT 20 Years DevelopinG iTs economic impacT

researcH For THe BeneFiT oF Travel & Tourism Decision-

maKers WHeTHer in THe privaTe or puBlic secTor.

THis compreHensive researcH uses THe FrameWorK oF

Tourism saTelliTe accounTs.

s T stt at (Tsa) tk db t d t d,WTTc d td Tsa b, g 181 t, d t d

b d b t t T & T t d ky t

tbt t tty d yt. T th tgth

h. i th t t- y h ty dwy, t d h

d gt y-kg d tt d.

o 2010 h, g dd -t wth oxd e, th t

T & T th 181 t, w th wd . it dg T & T

by hhd, b, gt, ght d -dy t, d t t y th

tbt bth dt d tt t, thby qtyg T & T tbt t

g dt dt (GDp) d yt.

i wth th td th t 2009, T & T tty w ht hd by th dt d hg

kt xd y t, wth hhd ttg bk t d t

dg b t bdgt. Th t T & T tt w gft. Yt thgh

T & T tty w dd, t t yd 235 th wd t y,

gtg 9.4% gb GDp.

athgh th g tht th gb y h d t y h, w xtg th k-

dd ky T & T Dd th ht t t b gd, wth bth

t d hhd tg t d t d t t xdt.

nth, dt th t b gwth td, h f tht t th g t

t. o th xt t y, T & T w t t gw t th

wd hght-ty t d y.

egg w b th g t gwth, bth t dt d

tt T & T. Bt g dd hd tt

t dd, t kt, btd by dty t tg w tb dt d

.

i tt th btt t hd, w dghtd t t y wth th 2010 ext sy

WTTc Travel & Tourism: Economic Impact.


President & CEO

World Travel & Tourism Council

Geoffrey J W Kent

Chairman, World Travel & Tourism Council and

Chairman & CEO, Abercrombie & Kent

1


4/20

CONTENTS

Ky Ft t G 3

sy e it d r Gwth 4

ow ct Td 6

Wd sy cht d Tb 8

ct & stt 9

Th T T Tb

G Dt pdt 10

eyt 12

vt ext 14

itt 15

Dft 16

THe economic impacT oF Travel & Tourism

use oF maTerial is auTHoriseD, proviDeD source is acKnoWleDGeD

1-2 Queen Victoria terrace, SoVereign court, London e1W 3Ha, uK

TeL: +44 (0) 20 7481 8007. Fax: +44 (0) 20 7488 1008. emaiL: [email protected]. www.wtt.g2


5/20

3

Direct Industry T&T Economy as a whole Direct Industry T&T Economy as a whole

WORLD

2010 Wd T & T c

1-2 Queen Victoria terrace, SoVereign court, London e1W 3Ha, uK

TeL: +44 (0) 20 7481 8007. Fax: +44 (0) 20 7488 1008. emaiL: [email protected]. www.wtt.g

6,000 -

5,000 -

4,000 -

3,000 -

2,000 -

1,000 -

0 -2005 2006 2007 2008 2009 2010 2015 2020

Gross Domestic Product (GDP)Th tbt T & T t GDp xtd t

9.2% (us$5,751 b) 2010 t 9.6% (us$11,151 b) by 2020.

Growthr GDp gwth th T & T ey xtd

t b 0.5% 2010, -4.8% 2009, bt t g 4.4%

th g 10 y.

EmploymentTh tbt th T & T ey t tt

yt xtd t 8.1%, 235,758,000 jb 1

y 12.3 jb 2010, t 9.2% tt yt, 303,019,000

jb, 1 y 10.9 jb by 2020.

Visitor Exportsext g tt t xtd t gt

6.1% tt xt (us$1,086 b) 2010, gwg (

t) t us$2,160 b (5.2% tt) 2020.

InvestmentT & T tt ttd t us$1,241 b, 9.2%

tt tt, 2010. By 2020, th hd h us$2,757 b

9.4% tt tt.

9.2%

2010

0.5%

8.1%

6.1%

9.2%

T & T tty w ht hd by th gb , wth T & T ey

GDp ttg by 4.8% 2009. e , th t wdwd t dd

235 jb t y.

T & T y - k tht th wd y - xtd t b gd

. at gwth jt 0.5% 2010, T & T ey GDp ky t gw by

3.2% 2011, wth t bdg th d h 2010 d t xt y.

10-year trend

WORLDTravel & Tourism Employment

(000 jobs)

WORLDTravel & Tourism GDP

(2000 constant US$ bn)

300,000 -

250,000 -

200,000 -

150,000 -

100,000 -

50,000 -

0 -2005 2006 2007 2008 2009 2010 2011 2020

KEY FACTS AT A GLANCE2010 Travel & Tourism economic researcH


6/20

4

in 2010 THe WorlDs Travel & Tourism is eXpecTeD To

GeneraTe us$5,751 Bn oF economic acTiviTY (GDp). THe

inDusTrYs DirecT impacT incluDes:

ECONOMIC IMPACT

HoWever, since Travel & Tourism ToucHes all secTors

oF THe economY, iTs real impacT is even GreaTer. THe

WorlDs Travel & Tourism economY DirecTlY anD

inDirecTlY accounTs For:

US$ 1,986 bnequivalent to 3.2% of total GDP

Direct Industry GDP

81,913,000jobs representing 2.8% of total employment

Direct Industry Employment

US$ 5,751 bnequivalent to 9.2% of total GDP

Economy GDP

235,758,000jobs representing 8.1% of total employment

Economy Employment

US$ 1,936 bnequivalent to 10.9% of total exports

Exports, Services & Merchandise

US$ 1,241 bnequivalent to 9.2% of total investment

Capital Investment

US$ 436 bnequivalent to a 3.8% share

Government Expenditure


7/20

5

in 2010, Travel & Tourism in THe WorlD is ForecasT To

see real GroWTH/Decline oF:

REAL GROWTH

0.7 %to US$1,986 bn

OVER THE NEXT TEN YEARS, THe WorlDs Travel & Tourism

is eXpecTeD To acHieve annualiseD real GroWTH oF:

0.5 %to US$5,751 bn

-0.1%to 81,913,000 jobs

-0.3 %to 235,758,000 jobs

Economy Employment

4.0 %to US$3,650 bn in 2020

4.4 %to US$11,151 bn in 2020

2.5 %to 104,740,000 jobs in 2020

2.5 %to 303,019,000 jobs in 2020

4.7 %to US$14,950 bn in 2020

5.2 %to US$2,160 bn in 2020

5.3 %to US$2,757 bn in 2020 3.1%to US$744 bn in 2020

Direct Industry GDP

Economy GDP


Direct Industry GDP

Economy GDP


Economy Employment

Demand - T & T Visitor Exports - T & T

Capital Investment - T & T Government Expenditure - T & T


8/20

OVERVIEW OF CURRENT TRENDS

6

Travel & Tourism is one oF THe WorlDs mosT imporTanTsecTors anD emploYers anD Has also Been one oF THe leaDinG

GroWTH secTors since WTTc FirsT sTarTeD measurinG Travel

& Tourisms impacT 20 Years aGo.

a w th wth th t, Travel & Tourism activity was hit hard by the

credit and housing market collapses experienced by many countries last year, whh

tggd th dt th Gt D. Wd GDp by 2.1%

t, wth dd j dd T & T th t

y td. Hhd td t , btttg w-t ht-h

d dt t x g-h t, d t dd b

t bdgt.

a sloW recoverY is eXpecTeD, GaininG momenTum THrouGH

2010 anD 2011

Wth th T & T t t, tt

w hd dyd, y

dy, xdg dtt. Fy, th a(H1n1)

z d td t y

kt, t t t th t t th

d w gd, d gt t

g gt dwy.

i q d dt th ,

tby a, gg tty d

yt ttd th t.Global Travel

& Tourism Economy GDP declined by 4.8%

in 2009 and this contraction resulted in almost

5 million jobs being lost. a g xd

gft tt T & T ey

GDp. itt tt by 5.1% t 877

d xdt t

hy by 8.5% th qz hhd

td dg tt t,

wh b t (bth dt d tt)

dd by 8.0% d T & T tt

dd by 12%. oy dt dg dt t d 2009 d th by y 0.7%

t.

nth, Travel & Tourism still employed

over 235 million across the world 8.2% of all

employment even in such a depressed year for

activity as 2009, and generated 9.4% of world

GDP.

The global economy has now moved into

a recovery phase, although the pick-up in

developed economies is expected to be gradual

as households, corporations and governments

all battle to rebuild their balance sheets. Bt

wd GDp t td by td

tg gwth gg xtd t

xd by 3% 2010 d 3% 2011.

Dt t gg ht-t dt t tty, the recovery in world Travel

& Tourism is expected to be a gradual one,

wth bth f d hhd xg t

y d tg t t xdt.

itt tt t t by

2% th y wth dg t g

1% wh b t dg w g

d, by jtd 1%.

G t dt dt d dy ttg

g jt, T & T tt

xtd t d th d t y, by

1%. Thus, Travel & Tourism Economy GDP isforecast to grow by just % in 2010 overall. But

stronger second-half momentum will continue

into 2011 to boost growth next year to 3%.


9/20

7

In the longer run, Travel & Tourism will sustain

its leading role in driving global growth, creating

jobs and alleviating poverty. egg ,

t, xtd t b g gwth,

btg bth tt t wth ch

t t d t 95 t th

dtt by 2020 d gtg gy

bt dt t t. i dd t,

gwg , d ty ,

xtd t d t w dtt

y g fd, wh th ty

ht bk bth dt d tt w

t t . ad t by th T &

T dty w t w dt d kt.

o, th T & T ey t t

gw by 4% t btw 2010

d 2020, tg 300 jb by 2020

9.2% jb d 9.6% gb GDp. This

conrms that Travel & Tourism will continue

to grow in importance as one of the worlds

highest-priority sectors and employers.

as Travel & Tourism re-asserTs iTs inHerenT DYnamism

NOTE ON METHODOLOGY

rt y h dd dtt th x t whh T & T t,

fg th t t ty t y- d d-k. ad t dt w

dbt t th gt. Th x why th t h dd by WTTc d

t t oxd e, whh w dgd t dt t th hgg d th T & T dty d

gt d th ght th t-hgg tg t, th t t whth

t- b-t d-k.

Th h d t th t T & T dd by WTTc, whh

hghghtd th ext sy d th yg 181 dd ty t, bd td

T stt atg (Tsa) thdgy. Th thdgy g t tht d th dt

t t, wg th ky t T stt atg td th tt (2008)

utd nt Recommended Methodological Framework (rmF).

Th rmF T Dt G Dt pdt (TDGDp) bdy qt t th T & T

Dt idty g by WTTc/oxd e. addg t th dt dty th -

ddd td dty th dty y h, tt d t gt d -t

xt dg, t th bdt th t T & T T & T

ey GDp.

i ddt t th td Tsa, dtd Tsa h b d WTTc by t,

g d t d th bt t dd th t t y td t th

td t. Th dtd td dd wth t Tsa t, y d by th nt sttt

of wkg y wth th nt T adtt, d t x th xtg t

dt d th ttt t, d t bd th ty t dt d f th t T &

T t.


10/20

15 -

12 -

9 -

6 -

3 -

0 -

-3 -

-6 -

-9 -

-12 -

-15 -

SUMMARY CHARTS AND TABLE

esTimaTes anD ForecasTs

2010 2020

WORLDWIDE US$ bn % of Total Growth1 US$ bn % of Total Growth2

Personal Travel & Tourism 3,111 8.4 1.6 5,793 8.8 4.1

Business Travel 819 1.3 -1.8 1,589 1.4 4.3

Government Expenditures 436 3.8 2.6 744 4.0 3.1

Capital Investment 1,241 9.2 -1.7 2,757 9.4 5.3

Visitor Exports 1,086 6.1 0.9 2,160 5.2 5.2

Other Exports 850 4.8 5.9 1,908 4.5 6.5

T&T Demand 7,543 9.4 1.1 14,950 9.5 4.7

Direct Industry GDP 1,986 3.2 0.7 3,650 3.2 4.0

T&T Economy GDP 5,751 9.2 0.5 11,151 9.6 4.4

Direct Industry Employment3 81,913 2.8 -0.1 104,740 3.2 2.5

T&T Economy Employment3 235,758 8.1 -0.3 303,019 9.2 2.5

12010 real growth adjusted for ination (%); 22011-2020 annualised real growth adjusted for ination (%); 3000 jobs

WORLD

Travel & Tourism Economy GDP

(Real Growth, %)

WORLD

Travel & Tourism Visitor Exports

(Real Growth, %)

WORLD

Travel & Tourism Economy Employment

(Real Growth, %)

WORLD

Travel & Tourism Investments

(Real Growth, %)15 -

12 -

9 -

6 -

3 -

0 -

-3 -

-6 -

-9 -

-12 -

-15 -

1990 1995 2000 2005 2010 2015 20201990 1995 2000 2005 2010 2015 2020

8

8 -

7 -

6 -

5 -

4 -

3 -

2 -1 -

0 -

-1 -

-2 -

-3 -

-4 -

-5 -1990 1995 2000 2005 2010 2015 2020

6 -

5 -

4 -

3 -

2 -

1 -

0 -

-1 -

-2 -

-3 -1990 1995 2000 2005 2010 2015 2020


11/20

9

CONCEPTS & STRUCTURE

i d t qty th t T & T, w th wk T stt at (Tsa). o tt bd dd-d y T

& T t tty, th t d t d y

hg dt k tdt dt (gt, t, t, t).

World Travel & Tourism Demand

of US$7,543 bn in 2010...

less imported goods and services

(including Travel & Tourism

spending abroad) of US$1,792 bn...

...equalsTravel & Tourism Economy

GDP of US$5,751 bn...

...and supports 236 mn jobs across

the World

WORLD

Travel & Tourism Demand in 2010

Personal T&T 41.24%

Govt Expenditures 5.79%

Visitor Exports 14.39%

Business T&T 10.86%

Capital Investment 16.45%

Other Exports 11.27%

WORLD

Travel & Tourism Economy GDP in 2010

Direct Industry GDP T&T Economy GDP

WORLD

Travel & Tourism Employment in 2010

Direct Industry Employment T&T Economy Employment


12/20

GROSS DOMESTIC PRODUCT

2010 2020

10

TopTenT

aBles

Economy GDP 2010US$ bn

1 United States 1,375.9

2 China 499.9

3 Japan 459.3

4 France 284.6

5 Germany 273.4

6 Spain 237.9

7 United Kingdom 231.1

8 Italy 217.1

9 Canada 136.1

10 Australia 123.1

Economy GDP 2020US$ bn

1 United States 2,485.7

2 China 1,948.9

3 Japan 594.8


5 France 379.9

6 Germany 377.1

7 Spain 341.1

8 India 330.1

9 Italy 292.5

10 Russian Federation 258.2

Economy GDP 2010% of Total GDP

1 Antigua & Barbuda 78.5

2 Aruba 78.0

3 Macau 65.9

4 Maldives 63.4

5 Anguilla 61.0

6 Barbados 48.1

7 Vanuatu 47.0

8 Bahamas 46.5

9 Seychelles 46.4

10 British Virgin Islands 43.7

Economy GDP 2020% of Total GDP


2 Aruba 74.8

3 Macau 67.1

4 Maldives 60.3

5 Anguilla 58.9

6 Bahamas 49.9

7 Barbados 49.0

8 Vanuatu 48.9

9 Seychelles 48.6


Economy GDP 2010Real Growth, %

1 Qatar 12.9

2 Lebanon 10.2

3 Zimbabwe 9.1

4 Azerbaijan 9.1

5 Nigeria 7.8

6 Saudi Arabia 7.5

7 Libya 6.9

8 Botswana 6.7

9 India 6.7

10 China 6.5

Economy GDP 10-yr Real GrowthAnnualised, %

1 China 9.0

2 Zimbabwe 8.7

3 Malawi 8.7

4 India 8.5

5 Mongolia 8.1

6 United Arab Emirates 8.1

7 Cape Verde 7.9

8 Thailand 7.9

9 Qatar 7.7

10 Sao Tome and Principe 7.6

ABSOLUTE TERMS

Whh t xtd t d th gt

t (bt t) T & T

ey GDp 2010?

ABSOLUTE TERMS

Whh t xtd t d th gt

t (bt t) T & T

ey GDp 2020?

RELATIVE TERMS

Whh t xtd t d th gt

t (t t) T & T ey

GDp 2010?

RELATIVE TERMS

Whh t xtd t d th gt

t (t t) T & T ey

GDp 2020?

FASTEST GROWING

Whh t xtd t gw th T &

T ey GDp th tt 2010?

FASTEST GROWING


T ey GDp th tt 2010 t 2020?


13/20

2010 2020

11

TopTenT

aBles

Direct Industry GDP 2010US$ bn

1 United States 510.9

2 Japan 172.5

3 China 113.4

4 France 107.6

5 Spain 91.8

6 Italy 89.8


8 Germany 79.1

9 Australia 50.3

10 Brazil 44.9

Direct Industry GDP 2020US$ bn


2 China 500.7

3 Japan 215.8


5 France 143.0

6 Spain 123.7

7 Italy 121.8

8 India 110.6

9 Germany 103.7

10 Australia 79.7

Direct Industry GDP 2010% of Total GDP

1 Maldives 32.1

2 Macau 31.4

3 Seychelles 24.5

4 Aruba 22.8

5 Vanuatu 18.8



8 Anguilla 14.9

9 Bahamas 14.4

10 Barbados 14.1

Direct Industry GDP 2020% of Total GDP

1 Macau 32.0

2 Maldives 31.2

3 Seychelles 25.8

4 Aruba 21.2

5 Vanuatu 19.6



8 Fiji 18.7

9 Anguilla 16.9

10 Montenegro 16.2

Direct Industry GDP 2010Real Growth, %

1 Lebanon 11.3

2 Qatar 10.9

3 Sri Lanka 10.2

4 Zimbabwe 9.2

5 China 7.1

6 Malawi 7.0

7 India 6.9

8 Denmark 6.9

9 Cambodia 6.8

10 Namibia 6.8

Direct Industry GDP 10-yr Real GrowthAnnualised, %

1 China 10.4

2 Libya 9.0

3 Malawi 8.6

4 Montenegro 8.6

5 Cape Verde 8.5

6 Romania 8.2

7 Zimbabwe 8.2

8 Namibia 8.2

9 Oman 8.1

10 Gabon 8.1

ABSOLUTE TERMS

Whh t xtd t d th gt

t (bt t) T & T Dt

idty GDp 2010?

ABSOLUTE TERMS

Whh t xtd t d th gt

t (bt t) T & T Dt

idty GDp 2020?

RELATIVE TERMS

Whh t xtd t d th gt

t (t t) T & T Dt

idty GDp 2010?

RELATIVE TERMS

Whh t xtd t d th gt

t (t t) T & T Dt

idty GDp 2020?

FASTEST GROWING


T Dt idty GDp th tt 2010?

FASTEST GROWING


T Dt idty GDp th tt 2010

t 2020?


14/20

EMPLOYMENT

12

TopTenT

aBles

2010 2020

T&T Economy Employment 2010000 jobs

1 China 60,103

2 India 49,086

3 United States 13,697

4 Indonesia 6,766

5 Japan 6,062

6 Mexico 5,881

7 Brazil 5,333

8 Vietnam 4,539

9 Thailand 4,000

10 Russian Federation 3,538

T&T Economy Employment 2020000 jobs

1 China 89,004

2 India 58,141


4 Indonesia 8,457

5 Brazil 7,785

6 Mexico 7,105

7 Japan 6,851

8 Thailand 5,987

9 Vietnam 5,651

10 Philippines 4,008

T&T Economy Employment 2010% of Total Employment

1 Aruba 92.2


3 Macau 68.2

4 Anguilla 61.5


6 Seychelles 56.4

7 Bahamas 56.0

8 Maldives 54.8

9 Barbados 53.3

10 US Virgin Islands 43.0

T&T Economy Employment 2020% of Total Employment


2 Aruba 86.2

3 Macau 72.3


5 Seychelles 61.3

6 Anguilla 61.3

7 Bahamas 60.3

8 Barbados 54.7

9 Maldives 52.2


T&T Economy Employment 2010Real Growth, %

1 Lebanon 7.1

2 Zimbabwe 6.4

3 Nigeria 6.4

4 Ecuador 5.5

5 Swaziland 5.0

6 Chad 4.9

7 Namibia 4.4

8 Cambodia 4.2

9 Brunei 3.8

10 Saudi Arabia 3.8

T&T Economy Employment 10-yr Real GrowthAnnualised, %


2 Cape Verde 5.4

3 Fiji 5.4

4 Solomon Islands 5.4

5 Botswana 5.0

6 Nicaragua 4.9

7 Mali 4.9

8 Comoros 4.8

9 Qatar 4.7

10 Guatemala 4.5

ABSOLUTE TERMS

Whh t xtd t gt th gt

t (bt t) T & T

ey eyt 2010?

ABSOLUTE TERMS


t (bt t) T & T

ey eyt 2020?

RELATIVE TERMS


t (t t) T & T ey

eyt 2010?

RELATIVE TERMS


t (t t) T & T ey

eyt 2020?

FASTEST GROWING


T ey eyt th tt 2010?

FASTEST GROWING


T ey eyt th tt 2010

t 2020?


15/20

13

TopTenT

aBles

2010 2020

Direct Industry Employment 2010000 jobs

1 India 18,610

2 China 17,123


4 Japan 2,294

5 Brazil 2,209

6 Indonesia 1,952

7 Thailand 1,877

8 Mexico 1,848

9 Vietnam 1,397

10 United Kingdom 1,391

Direct Industry Employment 2020000 jobs

1 China 27,028

2 India 20,915

3 Mexico 6,268

4 Brazil 2,946

5 Thailand 2,643

6 Japan 2,529

7 Indonesia 2,373

8 Mexico 2,227

9 Vietnam 1,795

10 Egypt 1,776

Direct Industry Employment 2010% of Total Employment

1 Macau 40.4

2 Aruba 31.9

3 Seychelles 31.5

4 Maldives 28.1



7 Bahamas 19.8

8 Barbados 17.8

9 Vanuatu 17.3

10 Anguilla 17.2

Direct Industry Employment 2020% of Total Employment

1 Macau 40.4

2 Seychelles 34.6

3 Aruba 29.6


5 Maldives 27.3


7 Bahamas 21.2

8 Anguilla 19.6


10 Barbados 18.5

Direct Industry Employment 2010Real Growth, %

1 Lebanon 7.9

2 Swaziland 6.5

3 Cambodia 6.3

4 Namibia 5.1

5 Sri Lanka 5.1

6 Zimbabwe 4.9

7 Anguilla 4.3

8 Rwanda 4.1

9 Denmark 4.1

10 Bolivia 4.1

Direct Industry Employment 10-yr Real GrowthAnnualised, %

1 Oman 6.5


3 Zimbabwe 6.1

4 Fiji 6.1

5 Cape Verde 6.0

6 Namibia 5.9

7 Montenegro 5.4

8 Libya 5.4

9 Mali 5.4

10 Nicaragua 5.2

ABSOLUTE TERMS


t (bt t) T & T Dt

idty eyt 2010?

ABSOLUTE TERMS


t (bt t) T & T Dt

idty eyt 2020?

RELATIVE TERMS


t (t t) T & T Dt

idty eyt 2010?

RELATIVE TERMS


t (t t) T & T Dt

idty eyt 2020?

FASTEST GROWING


T Dt idty eyt th tt

2010?

FASTEST GROWING


T Dt idty eyt th tt

2010 t 2020?


16/20

VISITOR EXPORTS

14

TopTenT

aBles

2010 2020

Visitor Exports 2010US$ bn


2 Spain 62.5

3 France 57.5

4 China 50.7

5 Germany 46.8

6 Italy 44.8


8 Australia 27.3

9 Turkey 25.2


Visitor Exports 2020US$ bn


2 China 177.2

3 Spain 101.0

4 France 86.5


6 Germany 70.4

7 Italy 63.0

8 Hong Kong 51.4

9 Thailand 50.9

10 Australia 50.1

Visitor Exports 2010% of Total Exports

1 Anguilla 79.8

2 Macau 74.9

3 Vanuatu 71.1

4 St Lucia 63.0


6 Maldives 62.7

7 Grenada 61.2

8 Bahamas 61.2

9 Cape Verde 59.2

10 Barbados 55.0

Visitor Exports 2020% of Total Exports

1 Macau 78.7

2 Anguilla 76.4


4 Vanuatu 68.4

5 Cape Verde 58.8

6 Grenada 58.4

7 St Lucia 57.8

8 St Kitts and Nevis 56.9

9 Other Oceania 55.8

10 Bahamas 55.7

Visitor Exports 2010Real Growth, %

1 Sri Lanka 17.0

2 China 13.1

3 Venezuela 11.8

4 Zimbabwe 10.6

5 Hungary 10.1

6 Lebanon 10.1

7 Bolivia 9.2

8 Denmark 9.2

9 Israel 9.1

10 Japan 8.9

Visitor Exports 10-yr Real GrowthAnnualised, %

1 Montenegro 11.4


3 Brazil 9.6

4 Chile 9.5

5 Zimbabwe 9.5

6 Oman 9.4

7 India 9.3

8 Romania 9.2

9 Thailand 9.1

10 Congo 9.1

ABSOLUTE TERMS

Whh t xtd t th gt

t (bt t) T & T vt

ext 2010?

ABSOLUTE TERMS

Whh t xtd t th gt

t (bt t) T & T vt

ext 2020?

RELATIVE TERMS

Whh t xtd t th gt

t (t t) T & T vt

ext 2010?

RELATIVE TERMS

Whh t xtd t th gt

t (t t) T & T vt

ext 2020?

FASTEST GROWING


T vt ext th tt 2010?

FASTEST GROWING


T vt ext th tt 2010 t 2020?


17/20

15

TopTenT

aBles

INVESTMENT

2010 2020

Capital Investment 2010US$ bn


2 China 203.4

3 Japan 59.6

4 Spain 46.8

5 France 42.3

6 Germany 39.0

7 Australia 38.9

8 Italy 35.8


10 India 34.7

Capital Investment 2020US$ bn

1 China 688.5



4 India 109.3

5 Indonesia 75.6

6 Japan 72.3

7 Spain 72.1

8 Australia 70.3

9 Brazil 63.9

10 Germany 61.8

Capital Investment 2010% of Total Investment

1 Macau 73.4


3 Aruba 71.1

4 Barbados 54.8


6 Anguilla 47.5

7 Cayman Islands 47.4



10 Vanuatu 41.5

Capital Investment 2020% of Total Investment

1 Aruba 75.1


3 Macau 68.6

4 Barbados 59.7


6 Anguilla 49.2

7 Vanuatu 48.6

8 Cayman Islands 47.8

9 Fiji 46.4


Capital Investment 2010Real Growth, %

1 Angola 12.5

2 Taiwan 11.4

3 Botswana 10.8

4 Kuwait 9.2

5 Brazil 6.1

6 Chile 5.7

7 India 5.7

8 Namibia 5.6

9 Thailand 5.5

10 China 5.4

Capital Investment 10-yr Real GrowthAnnualised, %

1 Sao Tome and Principe 22.9

2 Angola 13.7

3 Zimbabwe 10.7

4 Brazil 9.8

5 India 9.7

6 Romania 9.5

7 Lithuania 9.5

8 Libya 9.1

9 Thailand 9.1

10 Saudi Arabia 8.7

ABSOLUTE TERMS

Whh t xtd t d th gt

t (bt t) T & T ct

itt 2010?

ABSOLUTE TERMS

Whh t xtd t d th gt

t (bt t) T & T ct

itt 2020?

RELATIVE TERMS

Whh t xtd t d th gt

t (t t) T & T ct

itt 2010?

RELATIVE TERMS

Whh t xtd t d th gt

t (t t) T & T ct

itt 2020?

FASTEST GROWING


T ct itt th tt 2010?

FASTEST GROWING


T ct itt th tt 2010 t

2020?


18/20

16

PERSONAL TRAVEL & TOURISM

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GOVERNMENT EXPENDITURES Individual

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Th td T & T (ty dt d f dg t bd d

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DEFINITIONSDemanD-siDe accounTs


19/20

WTTC CONTACTS


President & CEO

[email protected]

U Ibrahim

Chie Operations Ofcer

[email protected]

Eva Aimable

Policy Analyst

[email protected]

Sarieu Caramba-CokerOfce Manager

[email protected]

Nancy Cockerell

Adviser, Policy and Research

[email protected]

Anja Eckervogt

Communications Co-ordinator

[email protected]

Susann Kruegel

Manager, e-Strategy and

Tourism or Tomorrow Awards

[email protected]

Jason Norman

Director, Finance & Company Secretary

[email protected]

Alison Osborne

Manager, Council Membership

[email protected]

Pamela PriestExecutive Assistant

[email protected]

Paulina Tomczyk

Membership Assistant

[email protected]

Zheng Yan

China Marketing Representative

[email protected]

WTTC India Initiative

[email protected]

2010 World Travel & Tourism Council

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T: +44 (0) 1865 268900; : jgt@xd.


20/20

1-2 Queen Victoria terrace

SoVereign

court

London e1W 3Ha, uK

teL: +44 (0) 20 7481 8007Fax: +44 (0) 20 7488 1008emaiL: [email protected]

wttc ec tur

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