Thursday, August 1, 2019

Tourism’s contribution to GDP grew 11 percent last year.

The contribution of travel and tourism to GDP was $10.4 billion last year, representing 19 percent of the Gross Domestic Product (GDP), according to the World Travel and Tourism Council (WTTC).

The sector's contribution to GDP increased by 11 percent in 2018, compared to the preceding year.

Out of the total, $9.3 billion was generated from foreign visitors, according to the WTTC.

The total amount includes direct contributions represented by subsectors such as hotels, trave...

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