Recovery is slower than thought: WTTC

World Travel & Tourism Council (WTTC) research has revealed the industry’s slow recovery is hitting jobs and growth worldwide.

The longer-drawn-out than expected recovery will see the industry’s contribution to gross world product only increase by less than a third next year, based on economic modelling conducted by Oxford Economics.

The recovery of the sector has been hampered by the lack of international coordination, severe travel restrictions and slowerthan-desired vaccination rates in some parts of the world.

WTTC warned nearly 20 million travel & tourism jobs hang in the balance this year, but said with the right measures, including allowing fully vaccinated travellers to move freely, governments could see jobs surpass 2019 levels by next year.