Saturday, 12 March 2011

Travel and Tourism recovering from the economic downturn

The World Economic Forum’s (WEF) ‘Competitiveness Report 2011’ shows that after the recent difficult worldwide economic downturn the Travel & Tourism (T&T) Industry sector is starting to make a recovery. It states that travel and tourism is widely recognised as a critical sector worldwide and one that provides significant potential for economic growth. A growing national T&T sector contributes to employment, raises national income, and can improve a country’s balance of payments.

The Report includes a ‘Travel & Tourism Competitiveness Index’ that measures the factors and policies that make it attractive to develop the T&T sector in 139 industrialised and emerging economies.

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