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Global Travel and Tourism Remains Resilient

Regardless of the ongoing challenges and the recent Brexit referendum in the UK, the international travel and tourism industry continues to deliver a stellar performance,

according to the World Travel & Tourism Council (WTTC).

Based on WTTC’s forecast, the sector is set to grow 3.1 percent this year, outpacing the global economic development anticipations at 2.3 percent.

Although Europe is expected to witness lower visitor spend, the continent is likely to still achieve a 2.2 percent improvement.

Recent incidents and macroeconomic dynamics are predicted to lower the industry’s direct contribution to the national GDP in both France as well as Turkey, nevertheless, despite the UK’s decision to leave the European Union, the destination is projected to witness a 3.6 percent growth.