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

same year, the total revenues of global tourism decreased to 2.92 trillion dollars and accounted for 3.6% of the global GDP, showing a sharp decline and reaching the lowest level ever since the Second World War. However, it is predicted that the number of trips made around the world will reach 9,545 million in 2021, showing a year-on-year increase of 31.1%. Moreover, the total revenues of global tourism will climb back to 4.50 trillion dollars in 2021 and increase by 53.9%. The two numbers will account for 77.7% and 75.6% of the levels in 2019 respectively. Notably, domestic tourism will play a key role in promoting the growth of the world tourism economy.

Though the global epidemic is not entirely under control, the improvements in vaccinations around the world bring optimism, in addition to global tourism showing gradual signs of recovery. WTCF is fully confident in the revitalization of the industry and will continue to battle through this condition with those of kindred spirit and support.

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