One dollar out of every USD10 spent globally in 2024 will be on travel, a record number, according to the annual report of the World Travel and Tourism Council (WTTC). WTTC estimates that the sector's contribution to global GDP in 2024 will increase by 12.1 per cent year-on-year to $11.1 trillion, equivalent to 10 per cent of global GDP, an increase of about 7.5 per cent over the previous record set in 2019, according to what was reported Thursday by the CNBC. It is expected that travel spending in the American, Chinese and German economies will contribute more to GDP. The Council expects the sector to support nearly 348 million jobs in 2024, or 13.6 million more jobs than in 2019, the previous record before the pandemic. Source: Jordan News Agency
Related Articles
Ministry of Immigration receives (235) Lebanese citizens through Al-Qaim border crossing
The cadres of the Ministry of Immigration and Displacement continue to receive Lebanese families coming to Iraq due to the ongoing brutal Zionist aggression on Lebanon, through Al-Qaim border crossing, as the cadres received the fourth batch of (235) …
UK authorities say ship attacked twice off Yemen’s shores
London: A British commercial ship Saturday was attacked twice near the coastal city of Mokha overlooking Bab al-Mandab in western Yemen, causing minor damage.
The British Maritime Trade Operations Authority wrote on X, “The ship’s captain reported th…
The Palestinian Museum has a new director-general
The Palestinian Museum announced today the appointment of Amer Shomali as General Director, who will begin his tenure on the 4th of October 2023.Amer Shomali is a Palestinian artist with a Bachelor’s degree in Architecture from Birzeit University and …