Economics of Travel

Explore the essential dynamics of the travel economy with simplified insights from WTTC reports. Understand the multiplier effect, and its positive impact on regional and national economies, and discover practical policies like community tourism, economic incentives, and sustainability taxes designed to mitigate potential negative effects. These articles demystify complex concepts for SMEs, helping them harness opportunities in the travel & tourism sector.

Overcoming barriers: Opportunities in LATAM’s tourism sector

The tourism sector in Latin America holds significant potential as a key driver of economic growth. However, several......
December 20, 2024
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The LATAM experience: Harnessing tourism for social and environmental good

The Latin American region, known for its rich biodiversity and cultural diversity, is a major global destination for......
December 20, 2024
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Economic impact of Covid-19: Revival of LATAM tourism in a post-pandemic era

The Covid-19 pandemic brought the entire world to a standstill. Among the hardest-hit industries was the Travel......
December 20, 2024
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Female employment in tourism: Women make up 39% of workforce

The Travel & Tourism sector has long been a significant sector for global employment, and women play a critical role......
December 20, 2024
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Youth employment in tourism: A peek at global Travel sector trends

The Travel & Tourism sector has long been a vital contributor to the global economy, supporting millions of jobs......
December 20, 2024
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Innovative approaches to enhancing tourism infrastructure

Cities worldwide are adopting innovative strategies to enhance their tourism infrastructure, focusing on scale......
December 20, 2024
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Balancing tourism and local communities: Role of policy and planning

As global tourism continues to grow, cities worldwide face the challenge of balancing tourism growth with the......
December 20, 2024
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How sustainable tourism can address global water scarcity

The Travel & Tourism sector, a significant driver of global economic growth, is uniquely positioned to address the ......
December 20, 2024
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The Five Pillars of Tourism Resilience

Tourism resilience encompasses the ability to anticipate, prepare for, and respond to disruptions effectively....
December 20, 2024
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How does climate resilience support sustainability in tourism

The tourism industry is one of the sectors most vulnerable to climate change, facing numerous risks ranging...
December 20, 2024
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How destinations are addressing resilience priorities

In an ever-changing global environment, the ability of travel destinations to withstand and recover from various......
December 20, 2024
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World Travel & Tourism Council

The World Travel & Tourism Council is the global authority on the economic and social contribution of Travel & Tourism. WTTC promotes sustainable growth for the Travel & Tourism sector, collaborating with governments and international institutions to create jobs, drive exports, and generate prosperity. Council Members are the Chairs, Presidents, and Chief Executives of the world’s leading private-sector Travel & Tourism businesses.
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WTTC’s Research Hub

Discover all of WTTC’s reports which provide critical insights and evidence to empower the public and private sectors, and help shape policies and investments that bolster Travel & Tourism. Explore full reports (free for WTTC members and purchasable for non-members) or discover valuable insights in our library of freely available economic factsheets.
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WTTC’s Hotel Sustainability Basics

A globally recognised and coordinated set of sustainability indicators that all hotels should implement as a minimum. Developed by the  industry for the industry, they represent the 12 actions that are fundamental to hotel sustainability. WTTC is calling on destinations and accommodation stakeholders around the world  to implement the criteria and raise the bar of sustainability in the sector.
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