The global tourism sector employs more people than automotive manufacturing, mining and financial services combined globally, according to new research from the World Travel and Tourism Council (WTTC).
The report shows that the industry supported 277 million jobs in 2014, which is 9.4 per cent of world employment.
With 105 million people directly employed in 2014, the industry globally employs seven times more than automotive manufacturing, which stands at 14 million jobs, and five times more than chemicals manufacturing, which employs 20 million people.
According to the report, tourism is the second-fastest growing sector globally. Forecast to grow at 3.9 per cent per annum over the next ten years, this industry’s growth will outpace the global economy, which is estimated to increase by 2.9 per cent per annum over the next decade.
At 9.8 per cent of global GDP, tourism generates more economic output than chemicals manufacturing, agriculture, education, automotive manufacturing, and banking.
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