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WTCF Releases Report on World Tourism Economy Trends (2021)

On 1 March, 2021, the World Tourism Cities Federation released the Report on World Tourism Economy Trends (2021) in Beijing. As WTCF s fifth annual report on trends, it detailed a comprehensive analysis on the world tourism economic trends, changes to regional and developmental patterns, characteristics of major countries, developmental trends of key industries and strategies for recovery of global cities from a multitude of national, industrial, and municipal perspectives.

Release time : 2021-03-01 16:07:00
source : WTCF

On 1 March, 2021, the World Tourism Cities Federation (WTCF) released the Report on World Tourism Economy Trends (2021) in Beijing. As WTCF's fifth annual report on trends, it detailed a comprehensive analysis on the world tourism economic trends, changes to regional and developmental patterns, characteristics of major countries, developmental trends of key industries and strategies for recovery of global cities from a multitude of national, industrial, and municipal perspectives.

2020 was truly an eventful year. The globe was caught off guard by the COVID-19 pandemic and the hardest-hit industry was tourism which relies heavily on the movement and communication among people. Most countries and regions put a ban on travel so global tourism faced various challenges in the demand of consumption, investment, regional patterns, the industrial chain, business survival, and employment as a result.

As the world's first global tourism organization centered on cities, WTCF is devoted to the core concept of Better City Life through Tourism. The organization strives to promote cooperation and exchanges among global cities, improve their competitiveness and influence, while enhancing the continuous development of the world's tourism economy. Faced with daunting challenges amid the epidemic, WTCF and the Tourism Research Center of the Chinese Academy of Social Sciences jointly conducted research on projections of the world's tourism sector in the year of 2021 and released the Report on the World Tourism Economy Trends (2021). The report depicts the latest research and insight into the developmental characteristics and trends of 20 major countries amid the epidemic, thus providing essential reference and support for the governments, relevant cities and the industry as a whole.

According to the report, amid the epidemic, the number of trips (both domestic and international) made around the world dropped by 40.8% year on year to 7,278 million in 2020. In the

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