Global tourism is expected to bounce back in the year 2023.

- Advertisement -

The global travel and tourism sector would be bouncing back like the pre-pandemic era in the year 2023 and will grow at the rate that it will outpace global GDP said the World Travel and Tourism Council (WTTC) on Tuesday.

It is expected that the annual growth rate will increase to over 2.7% more and will also create over 126 million jobs worldwide. WTTC said in a report released during the industry group’s conference in Manila.

In 2019-20, tourism accounted for over 10% of global GDP and jobs but this was cut amid countries imposing travel bans amid rising cases of coronavirus which thus has affected the $9.6 trillion industry and left over 62 million people jobless.

“The recovery is going to be so stellar that it’s going to recover really powerfully. This does depend of course on China’s reopening, said Julia Simpson, who is WTTC President.

The zero covid policy from China and persistent lockdown have disrupted global trade and domestic and international travel.

Pandemic Lockdown
Credits: Unsplash

The travel and tourism industry’s GDP is seen hitting $8.35 trillion this year and $9.6 trillion in 2023, a return to its pre-pandemic level.

Tourism jobs are projected to recover to 300 million this year and 324 million in 2023, close to the 333 million seen in 2019, WTTC said.

In Asia-Pacific alone, the hospitality industry’s GDP will likely hit $3.4 trillion in 2023, already above the $3.3 trillion it saw in 2019, it said.

Many regions across the world are now lifting the ban on tourism and are reopening their borders to welcome international/domestic tourists. This includes many countries across South East Asia, however, a full recovery will be slow, industry members say.

The man behind A Lone Backpacker, Shravan worked in the corporate jobs to quit after he fell in love with solo travelling. The first trip he travelled solo was to Bali exploring backpacker places and connected with the nature. He loves to travel to untapped places and imbibe the culture of new destination, try out local delicacies and share his knowledge to the world.

Related Stories


Nepal is planning to shift Everest Base Camp due...

A senior official from the Nepal government has said that the government is planning...

Dave Lee – Produced With Love II Compilation

It has been a very long time since I wrote my review on music...

For Digital Nomads, Bali is offering 5-year visa

The covid19 pandemic has helped to form a new way of working, ie, Work...

Bangkok has been named the best destination for budget...

People always look out for budget-friendly places with modern amenities and good food, and...

Tourism Ministry launches national strategy for sustainable tourism campaign

Ministry of Tourism in partnership with the United Environment Program (UNEP) and Responsible Tourism...

Japan is easing travel restrictions and will allow a...

Japan is easing its two-year ban on foreign tourists thus seeking balance on the...

Popular Categories