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For more information, please contact:
Rochelle TurnerHead of Research
©2015 World travel & tourism council
WTTC Travel & Tourism Economic Impact 2015
The World Travel & Tourism Council (WTTC) is the global authority on the economic and social contribution of Travel & Tourism. WTTC promotes sustainable growth for the sector, working with governments and international institutions to create jobs, to drive exports and to generate prosperity.
Travel & Tourism’s impact on the economic and social development of a country can be enormous; opening it up for business, trade and capital investment, creating jobs and entrepreneurialism for the workforce and protecting heritage and cultural values. To fully understand its impact, however, governments, policy makers and businesses around the world require accurate and reliable data on the impact of the sector. Data is needed to help assess policies that govern future industry development and to provide knowledge to help guide successful and sustainable Travel & Tourism investment decisions.
For 25 years, WTTC has been quantifying the economic impact of Travel & Tourism. This year, the 2015 Annual Economic Reports cover 184 countries and 25 regions of the world, including, for the first time, the Pacific Alliance.
Travel & Tourism generated US$7.6 trillion (10% of global GDP) and 277 million jobs (1 in 11 jobs) for the global economy in 2014. Recent years have seen Travel & Tourism growing at a faster rate than both the wider economy and other significant sectors such as automotive, financial services and health care. Last year was no exception. International tourist arrivals also surged, reaching nearly 1.14billion and visitor spending more than matched that growth. Visitors from emerging economies now represent a 46% share of these international arrivals (up from 38% in 2000), proving the growth and increased opportunities for travel from those in these new markets.
The sector faces challenges every year and this year is likely to be no different. The weakness and potential volatility of many currencies against the US dollar and a deep recession in Russia, a key outbound market, will slow outbound spending in line with slower world trade overall in 2015. However, falling oil prices will bring significant improvements for net oil importers in 2015, easing upward pressure on living costs, increasing disposable household incomes and domestic consumer spending, and lowering air fares. As a result, Travel & Tourism expansion is forecast to continue at a stronger rate than last year, with the total contribution to GDP expected to increase by 3.7%. New destinations and investment opportunities will also continue to emerge as tourism becomes increasingly affordable across the developing world. This growth will require countries to adopt a concerted and coordinated approach to talent planning and development between their industry, governments and educational institutions to ensure they fulfil their potential in the years ahead.
WTTC is proud to continue to provide this clear and empirical data in order to help both public and private bodies make the right decisions for the future growth of a sustainable Travel & Tourism sector.
David ScowsillPresident & CEOWTTC
Foreword
Foreword
2015 Annual Research: Key Facts ...............................................1
Defining the Economic Contribution of Travel & Tourism .............2
Travel & Tourism’s Contribution to GDP .......................................3
Travel & Tourism’s Contribution to Employment ..........................4
Visitor Exports and Investment ....................................................5
Different Components of Travel & Tourism ...................................6
Country Rankings: Absolute Contribution, 2014 ..........................7
Country Rankings: Relative Contribution, 2014 ...........................8
Country Rankings: Real Growth, 2015 .........................................9
Country Rankings: Long Term Growth, 2015-2025 ....................10
Summary Tables: Estimates & Forecasts ...................................11
The Economic Contribution of Travel & Tourism: Real 2014 Prices ........................................................................12
The Economic Contribution of Travel & Tourism: Nominal Prices ...........................................................................13
The Economic Contribution of Travel & Tourism: Growth ..........14
Glossary .....................................................................................15
Methodological Note ..................................................................16
Regions, Sub-regions, Countries ...............................................17
UsE of matERial is aUtHoRisEd, pRovidEd soURcE is acknoWlEdgEd
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The Economic Impact of Travel & Tourism 2015
Contents
1All values are in constant 2014 prices & exchange rates
= Total contribution of Travel & Tourism
Russian Federation
2015 ANNUAL RESEARCH: KEY FACTS 2015 forecast
EMPLOYMENT: DIRECT CONTRIBUTION
EMPLOYMENT: TOTAL CONTRIBUTION
VISITOR EXPORTS
INVESTMENT
WORLD RANKING (OUT OF 184 COUNTRIES):Relative importance of Travel & Tourism's total contribution to GDP
13ABSOLUTE
Size in 2014
142
Contribution to GDP in 2014
RELATIVE SIZE
183GROWTH2015 forecast
Total Contribution of Travel & Tourism to GDP
Breakdown of Travel & Tourism's Total Contribution to GDP and Employment 2014
2014 RUBbn GDP (2014 RUBbn)
Direct Indirect Induced
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WTTC Travel & Tourism Economic Impact 2015 1
The direct contribution of Travel & Tourism to GDP was RUB1,060.5bn (1.5% of total GDP) in 2014, and is forecast to fall by 5.2% in 2015, and to rise by 3.1% pa, from 2015-2025, to RUB1,358.5bn (1.5% of total GDP) in 2025.
The total contribution of Travel & Tourism to GDP was RUB4,356.9bn (6.0% of GDP) in 2014, and is forecast to fall by 6.3% in 2015, and to rise by 3.0% pa to RUB5,507.8bn (6.3% of GDP) in 2025.
In 2014 Travel & Tourism directly supported 982,500 jobs (1.4% of total employment). This is expected to fall by 0.8% in 2015 and rise by 0.5% pa to 1,024,000 jobs (1.5% of total employment) in 2025.
In 2014, the total contribution of Travel & Tourism to employment, including jobs indirectly
Visitor exports generated RUB735.4bn (3.5% of total exports) in 2014. This is forecast to fall by 2.7% in 2015, and grow by 4.9% pa, from 2015-2025, to RUB1,153.3bn in 2025 (4.4% of total).
Travel & Tourism investment in 2014 was RUB396.0bn, or 2.7% of total investment. It should fall by 17.4% in 2015, and rise by 3.6% pa over the next ten years to RUB467.3bn in 2025 (2.9% of total).
2025
GDP: DIRECT CONTRIBUTION
GDP: TOTAL CONTRIBUTION
supported by the industry, was 5.6% of total employment (3,961,000 jobs). This is expected to fall by 2.0% in 2015 to 3,880,500 jobs and rise by 0.2% pa to 3,977,000 jobs in 2025 (6.0% of total).
143LONG-TERM GROWTH
Forecast 2015-2025
1
923
2,373
1,061
9822,072
907
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WTTC Travel & Tourism Economic Impact 20152
Defining the economiccontribution of Travel & Tourism
Travel & Tourism is an important economic activity in most countries around the world. As well as its direct economic impact, the sector has significant indirect and induced impacts. The UN Statistics Division-approved Tourism SatelliteAccounting methodology (TSA:RMF 2008) quantifies only the direct contribution of Travel & Tourism. WTTC recognises that Travel & Tourism's total contribution is much greater however, and aims to capture its indirect and induced impacts through its annual research.
DIRECT CONTRIBUTION
The direct contribution of Travel & Tourism to GDP reflects the ‘internal’ spending on Travel & Tourism (total spending within a particular country on Travel & Tourism by residents and non-residents for business and leisure purposes) as well as government 'individual' spending - spending by government on Travel & Tourism services directly linked to visitors, such as cultural (eg museums) or recreational (eg national parks).
The direct contribution of Travel & Tourism to GDP is calculated to be consistent with the output, as expressed in National Accounting, of tourism-characteristic sectors such as hotels, airlines, airports, travel agents and leisure and recreation services that deal directly with tourists.The direct contribution of Travel & Tourism to GDP is calculated from total internal spending by ‘netting out’ the purchases made by the different tourism industries. This measure is consistent with the definition of Tourism GDP, specified in the 2008 Tourism Satellite Account: Recommended Methodological Framework (TSA: RMF 2008).
TOTAL CONTRIBUTION
The total contribution of Travel & Tourism includes its ‘wider impacts’ (ie the indirect and induced impacts) on the economy.The ‘indirect’ contribution includes the GDP and jobs supported by:
Travel & Tourism investment spending – an important aspect of both current and future activity that includes investment activity such as the purchase of new aircraft and construction of new hotels;
Government 'collective' spending, which helps Travel & Tourism activity in many different ways as it is made on behalf of the ‘community at large’ – eg tourism marketing and promotion, aviation, administration, security services, resort area security services, resort area sanitation services, etc;
Domestic purchases of goods and services by the sectors dealing directly with tourists - including, for example, purchases of food and cleaning services by hotels, of fuel and catering services by airlines, and IT services by travel agents.
The ‘induced’ contribution measures the GDP and jobs supported by the spending of those who are directly or indirectly employed by the Travel & Tourism sector.
RUSSIAN FEDERATION: DIRECT CONTRIBUTION OF TRAVEL & TOURISM TO GDP
RUSSIAN FEDERATION: TOTAL CONTRIBUTION OF TRAVEL & TOURISM TO GDP
1 All values are in constant 2014 prices & exchange rates
3
Travel & Tourism'scontribution to GDP1
The direct contribution of Travel & Tourism to GDP in 2014 was RUB1,060.5bn (1.5% of GDP). This is forecast to fall by 5.2% to RUB1,005.6bn in 2015.This primarily reflects the economic activity generated by industries such as hotels, travel agents, airlines and other passenger transportation services (excluding commuter services). But it also includes, for example, the activities of the restaurant and leisure industries directly supported
The direct contribution of Travel & Tourism to GDP is expected to grow by 3.1% pa to RUB1,358.5bn (1.5% of GDP) by 2025.
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induced income impacts, see page 2) was RUB4,356.9bn in 2014 (6.0% of GDP) and is expected to grow by 6.3% to RUB4,084.5bn (6.0% of GDP) in 2015.
It is forecast to rise by 3.0% pa to RUB5,507.8bn by 2025 (6.3% of GDP).
Constant 2014 RUBbn
Direct Indirect Induced
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WTTC Travel & Tourism Economic Impact 2015
The total contribution of Travel & Tourism to GDP (including wider effects from investment, the supply chain and
RUSSIAN FEDERATION: DIRECT CONTRIBUTION OF TRAVEL & TOURISM TO EMPLOYMENT
RUSSIAN FEDERATION: TOTAL CONTRIBUTION OF TRAVEL & TOURISM TO EMPLOYMENT
4
Travel & Tourism generated 982,500 jobs directly in 2014 (1.4% of total employment) and this is forecast to fall by 0.8% in 2015 to 974,500 (1.4% of total employment).This includes employment by hotels, travel agents, airlines and other passenger transportation services (excluding commuter services). It also includes, for example, the activities of the restaurant and leisure industries directly supported by tourists.
By 2025, Travel & Tourism will account for 1,024,000 jobs directly, an increase of 0.5% pa over the next ten years.
860.0
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The total contribution of Travel & Tourism to employment (including wider effects from investment, the supply
By 2025, Travel & Tourism is forecast to support 3,977,000 jobs (6.0% of total employment), an increase of 0.2% pa over the period.
'000 jobs
Direct Indirect Induced
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WTTC Travel & Tourism Economic Impact 2015
Travel & Tourism'scontribution to employment
chain and induced income impacts, see page 2) was 3,961,000 jobs in 2014 (5.6% of total employment). This is forecast to fall by 2.0% in 2015 to 3,880,500 jobs (5.6% of total employment).
2025
2025
VISITOR EXPORTS
RUSSIAN FEDERATION: VISITOR EXPORTS AND INTERNATIONAL TOURIST ARRIVALS
INVESTMENT
RUSSIAN FEDERATION: CAPITAL INVESTMENT IN TRAVEL & TOURISM
1 All values are in constant 2014 prices & exchange rates
5
Visitor Exports and Investment1
Money spent by foreign visitors to a country (or visitor exports) is a key component of the direct contribution of Travel & Tourism. In 2014, Russian Federation generated RUB735.4bn in visitor exports. In 2015, this is expected to fall by 2.7%, and the country is expected to attract 27,423,000 international tourist arrivals.
By 2025, international tourist arrivals are forecast to total 52,279,000, generating expenditure of RUB1,153.3bn, an increase of 4.9% pa.
Constant 2014 RUBbn Foreign visitor exports as % of total exports
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Travel & Tourism is expected to have attracted capital investment of RUB396.0bn in 2014. This is expected to fall by 17.4% in 2015, and rise by 3.6% pa over the next ten years to RUB467.3bn in 2025.
Travel & Tourism’s share of total national investment will rise from 2.7% in 2015 to 2.9% in 2025.
Constant 2014 RUBbn
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WTTC Travel & Tourism Economic Impact 2015
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Direct
Induced
Indirect
38.3%
8.8%
7.4% 1 All values are in constant 2014 prices & exchange rates
(b) Investment
80.7%
19.3%
24.4%
75.6%
(c) Government collective
24.3%
21.2%
54.5%Indirect is the sum of:
(a) Supply chain
6 WTTC Travel & Tourism Economic Impact 2015
Different components ofTravel & Tourism1
Russian FederationTravel & Tourism's Contribution to GDP:
Business vs Leisure, 2014 Leisure travel spending (inbound and domestic) generated 80.7% of direct Travel & Tourism GDP in 2014 (RUB2,430.5bn) compared with 19.3% for business travel spending (RUB581.9bn).
Business travel spending is expected to fall by 5.5% in 2015 to RUB549.9bn, and rise by 3.6% pa to RUB782.9bn in 2025.
Leisure travel spending is expected to fall by 5.4% in 2015 to RUB2,298.5bn, and rise by 2.9% pa to RUB3,073.8bn in 2025.
Russian Federation
Domestic vs Foreign, 2014
Travel & Tourism's Contribution to GDP:
Domestic travel spending generated 75.6% of direct Travel & Tourism GDP in 2014 compared with 24.4% for visitor exports (ie foreign visitor spending or international tourism receipts).
Domestic travel spending is expected to fall by 6.3% in 2015 to RUB2,132.8bn, and rise by 2.4% pa to RUB2,703.4bn in 2025.
Visitor exports are expected to fall by 2.7% in 2015 to RUB715.6bn, and rise by 4.9% pa to RUB1,153.3bn in 2025.
a
bc
Russian FederationBreakdown of Travel & Tourism's Total Contribution to GDP, 2014
The Travel & Tourism industry contributes to GDP and employment in many ways as detailed on page 2.
The total contribution of Travel & Tourism to GDP is four times greater than its direct contribution.
2014 2014(US$bn) (US$bn)
3 Germany 145.2 3 Germany 343.5
13 Turkey 37.6 13 Russian Federation 113.5
16 Russian Federation 27.6 14 Turkey 95.8
World Average 19.4 World Average 58.3
Europe Average 16.6 Europe Average 45.4
40 Poland 9.3 42 Poland 23.9
53 Finland 5.8 50 Finland 17.7
55 Czech Republic 5.4 53 Czech Republic 16.4
71 Ukraine 2.4 64 Ukraine 9.1
107 Latvia 1.0 94 Estonia 3.6
109 Lithuania 0.9 104 Latvia 2.8
111 Estonia 0.9 112 Lithuania 2.3
2014 2014'000 jobs '000 jobs
7 Germany 2841.9 8 Germany 4982.0
18 Russian Federation 982.3 13 Russian Federation 3960.9
World Average 827.0 22 Turkey 2130.2
29 Turkey 579.8 World Average 2076.6
45 Ukraine 332.9 32 Ukraine 1270.0
Europe Average 297.3 Europe Average 749.2
49 Poland 273.3 49 Poland 669.6
54 Czech Republic 242.1 59 Czech Republic 498.3
109 Finland 54.1 105 Finland 170.1
133 Latvia 28.0 125 Estonia 87.0
137 Lithuania 24.9 132 Latvia 76.3
140 Estonia 22.5 140 Lithuania 60.9
2014 2014(US$bn) (US$bn)
5 Germany 32.4 6 Germany 51.2
12 Turkey 15.7 11 Turkey 37.4
17 Russian Federation 10.3 19 Russian Federation 19.2
Europe Average 4.6 Europe Average 12.1
World Average 4.5 31 Poland 11.3
36 Poland 3.9 World Average 7.5
52 Czech Republic 2.1 40 Czech Republic 7.4
56 Finland 1.6 55 Finland 5.1
86 Estonia 0.5 66 Ukraine 2.7
88 Ukraine 0.5 79 Estonia 1.9
100 Latvia 0.3 89 Lithuania 1.6
112 Lithuania 0.3 98 Latvia 1.3
Travel & Tourism's Direct Travel & Tourism's Total Contribution to GDP Contribution to GDP
Travel & Tourism's Direct Travel & Tourism's Total
The tables on pages 7-10 provide provide brief extracts from the full WTTC Country League Table Rankings, highlighting comparisons with competing destinations as well as with the world and regional average. The competing destinations selected are those that offer a similar tourism product and compete for tourists from the same set of origin markets. These tend to be, but are not exclusively, geographical neighbours.
Contribution to Employment Contribution to Employment
Travel & Tourism VisitorCapital Investment Exports
7
Country rankings: Absolute contribution, 2014
7WTTC Travel & Tourism Economic Impact 2015
Averages in above tables are simple cross-country averages.
2014 2014% share % share
63 Turkey 4.7 54 Estonia 14.2
81 Germany 3.8 67 Turkey 12.0
92 Estonia 3.5 World 9.8
Europe 3.4 Europe 9.2
102 Latvia 3.1 102 Germany 8.9
World 3.1 105 Latvia 8.8
122 Czech Republic 2.6 113 Czech Republic 8.0
142 Finland 2.1 122 Ukraine 7.1
155 Ukraine 1.9 135 Finland 6.5
156 Lithuania 1.9 142 Russian Federation 6.0
162 Poland 1.7 159 Lithuania 4.8
172 Russian Federation 1.5 164 Poland 4.4
2014 2014% share % share
37 Germany 6.7 53 Estonia 13.9
60 Czech Republic 4.9 66 Germany 11.7
88 Estonia 3.6 79 Czech Republic 10.0
World 3.6 World 9.4
Europe 3.6 Europe 9.0
101 Latvia 3.1 100 Latvia 8.6
139 Turkey 2.2 107 Turkey 8.2
143 Finland 2.2 125 Finland 6.8
150 Lithuania 1.9 128 Ukraine 6.4
157 Poland 1.7 147 Russian Federation 5.6
162 Ukraine 1.7 157 Lithuania 4.6
171 Russian Federation 1.4 159 Poland 4.3
2014 2014% share % share
46 Turkey 9.7 63 Turkey 16.8
71 Estonia 6.9 90 Estonia 8.3
Europe 4.7 105 Latvia 6.8
101 Latvia 4.4 World 5.7
World 4.3 Europe 5.6
108 Germany 4.2 123 Finland 5.0
113 Czech Republic 4.1 128 Ukraine 4.6
122 Poland 3.7 129 Poland 4.5
140 Finland 3.0 130 Czech Republic 4.4
143 Lithuania 3.0 134 Lithuania 4.1
150 Russian Federation 2.7 143 Russian Federation 3.5
167 Ukraine 2.2 152 Germany 2.9
Travel & Tourism's Direct Travel & Tourism's Total Contribution to GDP Contribution to GDP
Travel & Tourism's Direct Travel & Tourism's Total Contribution to Employment Contribution to Employment
Travel & Tourism Investment Visitor ExportsContribution to Total Capital Investment Contribution to Total Exports
WTTC Travel & Tourism Economic Impact 2015
Country rankings: Relative contribution,2014
8
2015 2015% growth % growth
25 Czech Republic 6.1 51 Czech Republic 4.8
55 Poland 4.9 World 3.7
World 3.7 84 Latvia 3.6
94 Latvia 3.4 99 Finland 3.2
114 Germany 3.0 103 Turkey 3.0
120 Turkey 2.8 115 Poland 2.7
123 Finland 2.7 Europe 2.4
Europe 2.7 127 Germany 2.4
173 Ukraine -1.0 174 Estonia -1.1
174 Lithuania -1.0 175 Lithuania -1.3
177 Estonia -2.1 178 Ukraine -2.2
181 Russian Federation -5.2 183 Russian Federation -6.3
2015 2015% growth % growth
13 Turkey 5.9 29 Finland 4.3
31 Czech Republic 4.8 40 Turkey 3.7
35 Finland 4.4 41 Czech Republic 3.7
63 Poland 3.2 World 2.6
71 Ukraine 2.8 104 Germany 1.7
89 Germany 2.2 Europe 1.5
Europe 2.1 116 Ukraine 1.3
World 2.0 138 Poland 0.6
150 Latvia 0.2 145 Latvia 0.3
165 Russian Federation -0.8 170 Russian Federation -2.0
168 Lithuania -1.7 171 Lithuania -2.2
176 Estonia -3.6 174 Estonia -3.0
2015 2015% growth % growth
18 Lithuania 9.5 10 Czech Republic 8.4
20 Latvia 9.4 42 Poland 5.8
35 Estonia 7.6 Europe 3.4
87 Finland 4.9 94 Turkey 3.2
World 4.8 World 2.8
88 Turkey 4.8 116 Germany 2.3
133 Germany 2.6 117 Latvia 2.3
Europe 2.4 147 Finland 0.0
148 Poland 1.8 156 Lithuania -1.0
160 Czech Republic 1.2 160 Ukraine -1.7
183 Ukraine -9.0 166 Russian Federation -2.7
184 Russian Federation -17.4 169 Estonia -3.3
Travel & Tourism's Direct Travel & Tourism's Total Contribution to GDP Contribution to GDP
Travel & Tourism's Direct Travel & Tourism's Total Contribution to Employment Contribution to Employment
Travel & Tourism VisitorInvestment Exports
Country rankings: Real growth,
7
2015
9WTTC Travel & Tourism Economic Impact 2015
2015 - 2025 2015 - 2025% growth pa % growth pa
69 Latvia 4.6 79 Latvia 4.3
71 Turkey 4.6 82 Poland 4.3
78 Poland 4.5 90 Turkey 4.1
87 Lithuania 4.2 105 Lithuania 3.8
98 Ukraine 4.1 108 Ukraine 3.8
World 3.9 World 3.8
105 Estonia 3.9 115 Estonia 3.7
120 Czech Republic 3.6 136 Czech Republic 3.3
145 Finland 3.1 143 Russian Federation 3.0
146 Russian Federation 3.1 152 Finland 2.9
Europe 2.8 Europe 2.6
183 Germany 1.9 181 Germany 1.8
2015 - 2025 2015 - 2025% growth pa % growth pa
14 Turkey 4.1 61 Turkey 2.5
54 Finland 2.8 World 2.3
73 Poland 2.4 69 Finland 2.3
World 2.0 100 Poland 1.9
118 Latvia 1.7 Europe 1.2
Europe 1.6 142 Czech Republic 1.0
128 Czech Republic 1.5 143 Latvia 1.0
143 Lithuania 1.1 159 Germany 0.5
158 Germany 0.6 161 Lithuania 0.5
159 Estonia 0.6 171 Russian Federation 0.2
164 Russian Federation 0.5 172 Estonia 0.1
178 Ukraine -0.6 182 Ukraine -1.0
2015 - 2025 2015 - 2025% growth pa % growth pa
30 Lithuania 6.1 13 Lithuania 6.8
76 Poland 4.7 43 Latvia 5.4
80 Estonia 4.6 45 Poland 5.4
World 4.6 49 Ukraine 5.2
85 Latvia 4.4 52 Turkey 5.1
98 Turkey 4.2 58 Finland 5.0
121 Russian Federation 3.6 63 Russian Federation 4.9
133 Ukraine 3.4 90 Estonia 4.2
Europe 3.2 World 4.2
143 Finland 3.1 99 Germany 4.0
145 Czech Republic 3.0 101 Czech Republic 4.0
146 Germany 2.9 Europe 3.8
Travel & Tourism's Direct Travel & Tourism's Total Contribution to GDP Contribution to GDP
Travel & Tourism's Direct Travel & Tourism's Total Contribution to Employment Contribution to Employment
Travel & Tourism Investment Visitor ExportsContribution to Capital Investment Contribution to Exports
WTTC Travel & Tourism Economic Impact 2015
Country rankings: Long term growth, 2015 - 2025
10
2015
Russian Federation US$mn % of total Growth2 US$mn % of total Growth3
Direct contribution to GDP 27,627.0 1.5 -5.2 35,389.2 1.5 3.1
Total contribution to GDP 113,502.0 6.0 -6.3 143,483.0 6.3 3.0
Direct contribution to employment4 982.3 1.4 -0.8 1,024.2 1.5 0.5
Total contribution to employment4 3,960.9 5.6 -2.0 3,977.3 6.0 0.2
Visitor exports 19,158.3 3.4 -2.7 30,045.4 4.2 4.9
Domestic spending 59,317.0 3.1 -6.3 70,426.9 3.1 2.4
Leisure spending 63,316.0 1.2 -5.4 80,075.7 1.2 2.9
Business spending 15,159.4 0.3 -5.5 20,396.6 0.3 3.6
Capital investment 10,316.9 2.7 -17.4 12,174.7 2.9 3.612014 constant prices & exchange rates; 22015 real growth adjusted for inflation (%); 32015-2025 annualised real growth adjusted for inflation (%); 4'000 jobs
2015
Europe US$bn % of total Growth2 US$bn % of total Growth3
Direct contribution to GDP 779.7 3.4 2.7 1,057.7 3.6 2.8
Total contribution to GDP 2,136.0 9.2 2.4 2,833.1 9.8 2.6
Direct contribution to employment4 13,975 3.6 2.1 16,668 4.1 1.6
Total contribution to employment4 35,214 9.0 1.5 40,094 9.9 1.2
Visitor exports 568.0 5.6 3.4 851.5 5.8 3.8
Domestic spending 1,162.5 5.0 1.9 1,476.4 5.1 2.2
Leisure spending 1,344.6 2.6 2.4 1,819.2 2.8 2.8
Business spending 385.8 0.7 2.6 511.3 0.8 2.6
Capital investment 215.1 4.7 2.4 301.7 5.0 3.212014 constant prices & exchange rates; 22015 real growth adjusted for inflation (%); 32015-2025 annualised real growth adjusted for inflation (%); 4'000 jobs
2015
Worldwide US$bn % of total Growth2 US$bn % of total Growth3
Direct contribution to GDP 2,364.8 3.1 3.7 3,593.2 3.3 3.9
Total contribution to GDP 7,580.9 9.8 3.7 11,381.9 10.5 3.8
Direct contribution to employment4 105,408 3.6 2.0 130,694 3.9 2.0
Total contribution to employment4 276,845 9.4 2.6 356,911 10.7 2.3
Visitor exports 1,383.8 5.7 2.8 2,140.1 5.6 4.2
Domestic spending 3,642.1 4.7 3.7 5,465.0 5.0 3.8
Leisure spending 3,850.2 2.3 3.3 5,928.8 2.5 4.1
Business spending 1,175.7 0.7 4.0 1,679.0 0.7 3.2
Capital investment 814.4 4.3 4.8 1,336.4 4.9 4.612014 constant prices & exchange rates; 22015 real growth adjusted for inflation (%); 32015-2025 annualised real growth adjusted for inflation (%); 4'000 jobs
2014 2014 2025
2014 2014 2025
2014 2014 2025
% of total refers to each indicator's share of the relevant whole economy indicator such as GDP and employment. Visitor exports is shown relative to total exports of goods and
WTTC Travel & Tourism Economic Impact 2015 11
Summary tables:Estimates & Forecasts
1
1
1
1
1
1
Domestic spending is expressed relative to whole economy GDP. For leisure and business spending, their direct contribution to Travel & Tourism GDP is calculated as a share of whole economy GDP (the sum of these shares equals the direct contribution). Investment is relative to whole economy investment.
2009 2010 2011 2012 2013 2014 2015E 2025F
Domestic expenditure
(includes government individual spending)
3. Internal tourism consumption
(= 1 + 2 )
4. Purchases by tourism providers,
including imported goods
(supply chain)
5. Direct contribution of Travel & Tourism to GDP(= 3 + 4)
Other final impacts
(indirect & induced)
6. Domestic supply chain
11. Total contribution of Travel & Tourism to GDP(= 5 + 6 + 7 + 8 + 9 + 10)
Employment impacts ('000)
12.
Other indicators
14. Expenditure on outbound travel
Russian Federation
(RUBbn, real 2014 prices)
1. Visitor exports 606.5 542.1 577.0 601.1 657.4 735.4 715.6 1153.3
2. 2121.5 2059.6 2045.4 2179.2 2250.2 2277.0 2132.8 2703.4
2728.0 2601.7 2622.4 2780.3 2907.5 3012.4 2848.4 3856.8
-1,746.7 -1,680.5 -1,695.9 -1,799.8 -1,884.3 -1,951.9 -1,842.7 -2,498.3
981.2 921.2 926.5 980.4 1,023.3 1,060.5 1,005.6 1,358.5
1,597.2 1,499.4 1,508.1 1,595.8 1,665.6 1,726.2 1,636.9 2,211.1
7. Capital investment 335.0 360.6 399.8 412.2 412.2 396.0 327.0 467.3
8. Government collective spending 306.3 289.0 290.9 319.0 331.4 332.3 327.8 403.8
9. Imported goods from indirect spending -51.7 -66.9 -70.8 -75.8 -78.5 -81.1 -78.6 -105.2
10. Induced 869.1 818.8 829.4 872.6 904.2 923.0 865.8 1,172.2
4,037.1 3,822.0 3,883.9 4,104.2 4,258.1 4,356.9 4,084.5 5,507.8
1,012.7 946.6 925.2 934.2 976.6 982.3 974.5 1,024.2Direct contribution of Travel & Tourism to employment
13.Total contribution of Travel & Tourism to employment
4,115.8 3,838.2 3,788.9 3,838.8
1,199.9 1,277.1 1,324.7 1,685.8 2,018.7 2,111.3 1,919.8 2,600.1
3,971.3 3,960.9 3,880.4 3,977.3
WTTC Travel & Tourism Economic Impact 201512
The economic contribution ofTravel & Tourism: Real 2014 prices
2009 2010 2011 2012 2013 2014 2015E 2025F
Domestic expenditure
(includes government individual spending)
3. Internal tourism consumption
(= 1 + 2 )
4. Purchases by tourism providers,
including imported goods
(supply chain)
5. Direct contribution of Travel & Tourism to GDP(= 3 + 4)
Other final impacts
(indirect & induced)
6. Domestic supply chain
11. Total contribution of Travel & Tourism to GDP(= 5 + 6 + 7 + 8 + 9 + 10)
Employment impacts ('000)
12.
Other indicators
14. Expenditure on outbound travel
Historical data for concepts has been benchmarked to match reported TSA data where available.
Russian Federation
(RUBbn, nominal prices)
1. Visitor exports 371.8 379.4 468.3 524.7 607.7 735.4 790.1 1,890.7
2. 1,300.4 1,441.3 1,659.9 1,902.0 2,080.1 2,277.0 2,355.0 4,431.7
1,672.2 1,820.7 2,128.1 2,426.6 2,687.7 3,012.4 3,145.1 6,322.4
-1,070.7 -1,176.1 -1,376.2 -1,570.9 -1,741.8 -1,951.9 -2,034.7 -4,095.5
1,726.2 1,807.4
601.5 644.6 751.9 855.7 945.9 1,060.5
396.0 361.0
1,110.4 2,226.9
979.0 1,049.3 1,223.9 1,392.8 1,539.7
332.3 362.0
3,624.7
7. Capital investment 205.4 252.4 324.4 359.8 381.1
-81.1 -86.8
766.1
8. Government collective spending 187.7 202.2 236.1 278.4 306.3
923.0 956.0
662.0
9. Imported goods from indirect spending -31.7 -46.8 -57.5 -66.2 -72.6
4,510.0 9,028.9
-172.4
10. Induced 532.7 573.0 673.1 761.6 835.9
934.2 976.6 982.3
1,921.6
2,474.6 2,674.7 3,151.9 3,582.1 3,936.2 4,356.9
13.Total contribution of Travel & Tourism to employment
4,115.8 3,838.2 3,788.9 3,838.8
1,866.1 2,111.3 2,119.8
974.5 1,024.2Direct contribution of Travel & Tourism to employment
3,971.3
1,012.7 946.6 925.2
4,262.4
*Concepts shown in this table align with the standard table totals as described in the 2008 Tourism Satellite Account: Recommended Methodological Framework (TSA: RMF 2008) developed by the United Nations Statistical Division (UNSD), the Statistical Officeof the European Communities (EUROSTAT), the Organisation for Economic Co-operation and Development (OECD) and the World Tourism Organization (UNWTO).
3,960.9 3,880.4 3,977.3
735.5 893.8 1,075.0 1,471.4
WTTC Travel & Tourism Economic Impact 2015 13
The economic contribution ofTravel & Tourism: Nominal prices
2009 2010 2011 2012 2013 2014 2015E 2025F 2
Domestic expenditure
(includes government individual spending)
3. Internal tourism consumption
(= 1 + 2 )
4. Purchases by tourism providers,
including imported goods
(supply chain)
5. Direct contribution of Travel & Tourism to GDP(= 3 + 4)
Other final impacts
(indirect & induced)
6. Domestic supply chain
11. Total contribution of Travel & Tourism to GDP(= 5 + 6 + 7 + 8 + 9 + 10)
Employment impacts ('000)
12.
Other indicators
14. Expenditure on outbound travel
Russian Federation
Growth1 (%)
1. Visitor exports -1.9 -10.6 6.4 4.2 9.4 11.9 -2.7 4.9
2. 1.0 -2.9 -0.7 6.5 3.3 1.2 -6.3 2.4
0.4 -4.6 0.8 6.1 4.6 3.6 -5.4 3.1
-0.5 -3.8 0.9 6.1 4.7 3.6 -5.6 3.1
3.6 -5.2
1.8 -6.1 0.6 5.8 4.4 3.6
-3.9 -17.4
-5.2 3.1
1.8 -6.1 0.6 5.8 4.4
0.3 -1.4
3.1
7. Capital investment -11.5 7.6 10.9 3.1 0.0
3.1 -4.5
3.6
8. Government collective spending 7.7 -5.7 0.7 9.7 3.9
2.1 -6.2
2.1
9. Imported goods from indirect spending 1.7 -5.0 0.8 6.5 4.3
-6.3 3.0
2.9
10. Induced 2.7 -5.8 1.3 5.2 3.6
1.0 4.5 0.6
3.1
1.6 -5.3 1.6 5.7 3.8 2.3
13.Total contribution of Travel & Tourism to employment
7.5 -6.7 -1.3 1.3
19.7 4.6 -9.1
-0.8 0.5Direct contribution of Travel & Tourism to employment
3.5
7.1 -6.5 -2.3
3.1
12009-2014 real annual growth adjusted for inflation (%); 22015-2025 annualised real growth adjusted for inflation (%)
-0.3 -2.0 0.2
13.1 6.4 3.7 27.3
WTTC Travel & Tourism Economic Impact 201514
The economic contribution ofTravel & Tourism: Growth
15WTTC Travel & Tourism Economic Impact 2015
Key DeFINITIONSTravel & Tourism – relates to the activity of travellers on trips outside their usual environment with a duration of less than one year. Economic activity related to all aspects of such trips is measured within the research.
Direct contribution to GDP – GDP generated by industries that deal directly with tourists, including hotels, travel agents, airlines and other passenger transport services, as well as the activities of restaurant and leisure industries that deal directly with tourists. It is equivalent to total internal Travel & Tourism spending (see below) within a country less the purchases made by those industries (including imports). In terms of the UN’s Tourism Satellite Account methodology it is consistent with total GDP calculated in table 6 of the TSA: RMF 2008.
Direct contribution to employment – the number of direct jobs within Travel & Tourism. This is consistent with total employment calculated in table 7 of the TSA: RMF 2008.
Total contribution to GDP – GDP generated directly by the Travel & Tourism sector plus its indirect and induced impacts (see below).
Total contribution to employment – the number of jobs generated directly in the Travel & Tourism sector plus the indirect and induced contributions (see below).
DIReCT SPeNDING IMPACTSVisitor exports – spending within the country by international tourists for both business and leisure trips, including spending on transport, but excluding international spending on education. This is consistent with total inbound tourism expenditure in table 1 of the TSA: RMF 2008.
Domestic Travel & Tourism spending – spending within a country by that country’s residents for both business and leisure trips. Multi-use consumer durables are not included since they are not purchased solely for tourism purposes. This is consistent with total domestic tourism expenditure in table 2 of the TSA: RMF 2008. Outbound spending by residents abroad is not included here, but is separately identified according to the TSA: RMF 2008 (see below).
Government individual spending – spending by government on Travel & Tourism services directly linked to visitors, such as cultural services (eg museums) or recreational services (eg national parks).
Internal tourism consumption – total revenue generated within a country by industries that deal directly with tourists including visitor exports, domestic spending and government individual spending. This does not include spending abroad by residents. This is consistent with total internal tourism expenditure in table 4 of the TSA: RMF 2008.
Business Travel & Tourism spending – spending on business travel within a country by residents and international visitors.
Leisure Travel & Tourism spending – spending on leisure travel within a country by residents and international visitors.
INDIReCT AND INDuCeD IMPACTS Indirect contribution – the contribution to GDP and jobs of the following three factors:
• Capitalinvestment– includes capital investment spending by all industries directly involved in Travel & Tourism. This also constitutes investment spending by other industries on specific tourism assets such as new visitor accommodation and passenger transport equipment, as well as restaurants and leisure facilities for specific tourism use. This is consistent with total tourism gross fixed capital formation in table 8 of the TSA: RMF 2008.
• Governmentcollectivespending –government spending in support of general tourism activity. This can include national as well as regional and local government spending. For example, it includes tourism promotion, visitor information services, administrative services and other public services. This is consistent with total collective tourism consumption in table 9 of TSA: RMF 2008.
• Supply-chaineffects– purchases of domestic goods and services directly by different industries within Travel & Tourism as inputs to their final tourism output.
Induced contribution – the broader contribution to GDP and employment of spending by those who are directly or indirectly employed by Travel & Tourism.
OTheR INDICATORSOutbound expenditure – spending outside the country by residents on all trips abroad. This is fully aligned with total outbound tourism expenditure in table 3 of the TSA: RMF 2008.
Foreign visitor arrivals – the number of arrivals of foreign visitors, including same-day and overnight visitors (tourists) to the country.
Glossary
16 WTTC Travel & Tourism Economic Impact 2015
Methodological note
APEC(ASiA-PACifiCEConomiCCooPErAtion)Australia, Brunei, Canada, Chile, China, Hong Kong, Indonesia, Japan, South Korea, Malaysia, Mexico, New Zealand, Papua New Guinea, Peru, Philippines, Russian Federation, Singapore, Taiwan, Thailand, USA, Vietnam.
The COMMONweALThAnguilla, Antigua and Barbuda, Australia, Bahamas, Bangladesh, Barbados, Belize, Bermuda, Botswana, Brunei, Cameroon, Canada, Cayman Islands, Cyprus, Dominica, Ghana, Grenada, Guyana, India, Jamaica, Kenya, Kiribati, Lesotho, Malawi, Malaysia, Maldives, Malta, Mauritius, Mozambique, Namibia, Nigeria, New Zealand, Pakistan, Papua New Guinea, Rwanda, South Africa, Seychelles, Sierra Leone, Singapore, Solomon Islands, Sri Lanka, St Kitts and Nevis, St Lucia, St Vincent and the Grenadines, Swaziland, Tanzania, Tonga, Trinidad and Tobago, Uganda, UK, British Virgin Islands, Vanuatu, Zambia.
FORMeR NeTheRLANDS ANTILLeSBonaire, Curacao, Sint Maarten, Saba and Sint Eustatius.
G20Argentina, Australia, Brazil, Canada, China, European Union, France*, Germany*, India, Indonesia, Italy*, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, Turkey, UK*, USA.
mEtA(mEditErrAnEAntrAvElASSoCiAtion)Albania, Algeria, Bosnia Herzegovina, Croatia, Cyprus, Egypt, France, Greece, Israel, Italy, Jordan, Lebanon, Libya, Macedonia, Malta, Montenegro, Morocco, Portugal, Serbia, Slovenia, Spain, Syria, Tunisia, Turkey.
oAS(orGAnizAtionofAmEriCAnStAtES)Argentina, Antigua and Barbuda, Bahamas, Barbados, Belize, Bolivia, Brazil, Canada, Chile, Colombia, Costa Rica, Cuba, Dominican Republic, Dominica, Ecuador, El Salvador, Grenada, Guatemala, Guyana, Haiti, Honduras, Jamaica, Mexico, St Kitts and Nevis, Nicaragua, Panama, Paraguay, Peru, St Lucia, St Vincent and the Grenadines, Suriname, Trinidad and Tobago, USA, Uruguay.
OeCD (ORGANISATION FOR eCONOMIC Co-oPErAtionAnddEvEloPmEnt)Australia, Austria, Belgium, Canada, Chile, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Israel, Italy, Japan, South Korea, Luxembourg, Mexico, Netherlands, New Zealand, Norway, Poland, Portugal, Slovak Republic, Slovenia, Spain, Sweden, Switzerland, Turkey, UK, USA.
OTheR OCeANIAAmerican Samoa, Cook Islands, French Polynesia, Guam, Marshall Islands, Micronesia (Federated States of), New Caledonia, Niue, Northern Mariana Islands, Palau, Samoa, Tuvalu.
PACIFIC ALLIANCeChile, Colombia, Mexico, Peru.
SADC (SOuTheRN AFRICAN DeVeLOPMeNT Community)Angola, Botswana, Democratic Republic of Congo (DRC), Lesotho, Madagascar, Malawi, Mauritius, Mozambique, Namibia, Seychelles, South Africa, Swaziland, Tanzania, Zambia, Zimbabwe.
*included in European Union
WTTC has an on-going commitment to align its economic impact research with the UN Statistics Division-approved 2008 Tourism Satellite Account: Recommended Methodological Framework (TSA:RMF 2008). This involves benchmarking of country reports to official, published TSAs, including for countries which are reporting data for the first time, as well as existing countries reporting an additional year’s data. New country TSAs incorporated this year include France, Germany, Japan, Malaysia, Mexico, Oman, Qatar and Saudi Arabia. In addition to producing data on 184 countries, WTTC also produces reports on 24 other regions, sub-regions and economic and geographic groups. This year, there are 8 reports for special economic and geographic groups with Pacific Alliance being included for the first time. Please also note that from this year, the report for Sudan no longer includes data on South Sudan.
eCONOMIC AND GeOGRAPhIC GROuPS
17WTTC Travel & Tourism Economic Impact 2015
economic impact reports:regions,sub-regionsandcountries
wORLD
Region Sub- Region CountRy
AfR
iCA
no
Rth
A
fRiC
A
Algeria
Egypt
Libya
Morocco
Tunisia
Sub
-SA
hA
RA
n
Angola
Benin
Botswana
Burkina Faso
Burundi
Cameroon
Cape VerdeCentral African RepublicChad
Comoros
Democratic Republic of Congo
Ethiopia
Gabon
Gambia
Ghana
Guinea
Ivory Coast
Kenya
Lesotho
Madagascar
Malawi
Mali
Mauritius
Mozambique
Namibia
Niger
Nigeria
Republic of Congo
Reunion
RwandaSao Tome & PrincipeSenegal
Seychelles
Sierra Leone
South Africa
Sudan
Swaziland
Tanzania
Togo
Uganda
Zambia
Zimbabwe
Region Sub-Region CountRy
euR
ope
euR
ope
An
un
ion
Lithuania
Luxembourg
Malta
Netherlands
Poland
Portugal
Romania
Slovakia
Slovenia
Spain
Sweden
UK
oth
eR e
uR
ope
Albania
Armenia
Azerbaijan
Belarus
Bosnia Herzegovina
Georgia
Iceland
Kazakhstan
Kyrgyzstan
Macedonia
Moldova
Montenegro
Norway
Russian Federation
Serbia
Switzerland
Turkey
Ukraine
Uzbekistan
Mid
dle
eA
St
Bahrain
Iran
Iraq
Israel
Jordan
Kuwait
Lebanon
Oman
Qatar
Saudi Arabia
Syria
UAE
Yemen
Region Sub-Region CountRy
ASi
A-p
AC
ifiC
no
Rth
eASt
ASi
A
Japan
China
Hong Kong
South Korea
Macau
Taiwan
Mongolia
oC
eAn
iA
Australia
New Zealand
Fiji
Kiribati
Other OceaniaPapua New GuineaSolomon Islands
Tonga
VanuatuSo
uth
ASi
A
Bangladesh
India
Maldives
Nepal
Pakistan
Sri Lanka
Sou
theA
St A
SiA
Brunei
Cambodia
Indonesia
Laos
Malaysia
Myanmar
Philippines
Singapore
Thailand
Vietnam
euR
ope
euR
ope
An
un
ion
Austria
Belgium
Bulgaria
Croatia
Cyprus
Czech Republic
Denmark
Estonia
Finland
France
Germany
Greece
Hungary
Ireland
Italy
Latvia
Region Sub- Region CountRy
AM
eRiC
AS
CA
Rib
beA
n
AnguillaAntigua & BarbudaAruba
Bahamas
Barbados
Bermuda
Cayman Islands
CubaFormer Netherlands AntillesDominicaDominican RepublicGrenada
Guadeloupe
Haiti
Jamaica
Martinique
Puerto Rico
St Kitts & Nevis
St LuciaSt Vincent & the GrenadinesTrinidad & TobagoUK Virgin Islands
US Virgin Islands
lAti
n A
MeR
iCA
Argentina
Belize
Bolivia
Brazil
Chile
Colombia
Costa Rica
El Salvador
Ecuador
Guatemala
Guyana
Honduras
Nicaragua
Panama
Paraguay
Peru
Suriname
Uruguay
Venezuela
no
Rth
AM
eRiC
A Canada
Mexico
USA
18 WTTC Travel & Tourism Economic Impact 2015
The wORLD TRAVeL & TOuRISM COuNCIL IS The GLOBAL AuThORITy ON The eCONOMIC AND SOCIAL CONTRIBuTION OF TRAVeL & TOuRISM. WTTC promotes sustainable growth for the sector, working with governments and international institutions to create jobs, to drive exports and to generate prosperity. Council Members are the Chairs, Presidents and Chief Executives of the world’s leading, private sector Travel & Tourism businesses.
Together with its research partner, Oxford Economics, WTTC produces annual research that shows Travel & Tourism to be one of the world’s largest sectors, supporting over 276 million jobs and generating 9.8% of global GDP in 2014. Comprehensive reports quantify, compare and forecast the economic impact of Travel & Tourism on 184 economies around the world. In addition to the individual country reports, WTTC produces a world report highlighting global trends and 24 further reports that focus on regions, sub-regions and economic and geographic groups.
To download reports or data, please visit www.wttc.org
ASSISTING wTTC TO PROVIDe TOOLS FOR ANALySIS, BeNChMARKING, FOReCASTING AND PLANNING.Over the last 33 years, Oxford Economics has built a diverse and loyal client base of over 800 international organisations, including leading multinational companies and financial institutions; key government bodies and trade associations; and top universities, consultancies, and think tanks. Headquartered in Oxford, England, with regional centres in London, New York and Singapore, Oxford Economics has offices across the globe in Belfast, Chicago, Dubai, Miami, Milan, Paris, Philadelphia, San Francisco, and Washington DC. The company employs over 140 full-time people, including more than 90 professional economists, industry experts and business editors – one of the largest teams of macroeconomists and thought leadership specialists – underpinned by our heritage with Oxford University and the academic community including a contributor network of over 500 economists, analysts and journalists around the world.
For more information, please take advantage of a free trial on our website, www.oxfordeconomics.com or contact Frances Nicholls, Director of Business Development, Oxford Economics Ltd, Broadwall House, 21 Broadwall, London SE1 9PL. Email: [email protected]
CHAIRMAN
TUI DEUTSCHLAND GMBH & TUIFLY GMBHDr Michael FrenzelChairman of the Supervisory Boards
PRESIDENT & CEO
WORLD TRAVEL & TOURISM COUNCILDavid Scowsill
VICE CHAIRMEN
BEIJING TOURISM GROUPDUAN QiangChairman
ETIHAD AIRWAYSJames HoganCEO
HILTON WORLDWIDEChristopher J NassettaPresident & CEO
JUMEIRAH GROUPGerald LawlessPresident & Group CEO
MANDARIN ORIENTALEdouard EttedguiGroup Chief Executive
SILVERSEA CRUISESManfredi Lefebvre d’Ovidio di Balsorano de ClunieresChairman
THE TRAVEL CORPORATIONBrett TollmanPresident & Chief Executive
EXECUTIVE COMMITTEE
ABERCROMBIE & KENTGeoffrey J W KentFounder, Chairman & CEO
ACCORSébastien BazinChairman & CEO
AMERICAN EXPRESS COMPANYWilliam GlennPresident & CEO of American Express Global Business Travel
AMERICAN INTERNATIONAL GROUP, INCJeffrey C RutledgeChief Executive Officer, AIG Travel
BHARAT HOTELSJyotsna SuriChairperson & Managing Director
CARLSONDouglas Anderson President & CEO Carlson Wagonlit Travel
DUBAI AIRPORTS INTERNATIONALPaul GriffithsCEO
EMIRATESGary ChapmanPresident Group Services & Dnata, Emirates Group
HNA GROUPCHEN Feng Chairman of the Board
INTERCONTINENTAL HOTELS GROUP Richard SolomonsCEO
JTB CORPHiromi TagawaChairman of the Board
MARRIOTT INTERNATIONAL JW Marriott, JrChairman Arne M SorensonPresident & CEO
OUTRIGGER ENTERPRISES GROUPRichard R KelleyChairman Emeritus
REVOLUTION PLACES, LLCPhilippe BourguignonVice Chairman
ROYAL CARIBBEAN CRUISESRichard D FainChairman & CEO
SABRE HOLDINGSTom Klein President & CEO
SHUN TAK HOLDINGS LIMITEDPansy HoManaging Director
TRAVELPORTGordon WilsonPresident & CEO
TSOGO SUN GROUPMarcel von AulockCEO
VISITBRITAINChristopher Rodrigues, CBEChairman
WYNDHAM WORLDWIDEStephen P HolmesChairman & CEO
GLOBAL MEMBERS
ABU DHABI TOURISM & CULTURE AUTHORITYMubarak Hamad Al MuhairiDirector General
AGODARob RosensteinCEO
ALL NIPPON AIRWAYS (ANA)Osamu ShinobePresident & CEO
ALTOURAlexandre ChemlaPresident
AMADEUS IT GROUP SALuis MarotoPresident & CEO
AVIS BUDGET GROUPRonald L NelsonChairman & CEO
BEIJING CAPITAL INTERNATIONAL AIRPORT COLIU Xuesong General ManagerSHI BoliGeneral Manager
BEIJING TOURISM GROUPLIU YiPresident
BRITISH AIRWAYSKeith WilliamsExecutive Chairman
CANNERY ROW COMPANYTed J BalestreriChairman & CEO
CHANGI AIRPORT GROUPLee Seow HiangCEO
CHICAGO DEPARTMENT OF AVIATIONMichael BolandActing Commissioner
CHINA EASTERN AIRLINESLIU ShaoyongChairman
CHINA INTERNATIONAL TRAVEL SERVICE, HEAD OFFICE (CITS)YU NingningPresident
CHINA SOUTHERN AIRLINESTAN WangengPresident & CEO
CHIMELONG SU ZhigangChairman & CEOCHEN WanchengPresident
COSTA CRUISESMichael ThammCEO
CORPORATE TRAVEL SERVICES José Luis CastroFounder & CEO
CROWN LIMITEDRowen Craigie Managing Director & CEO
CTRIP.COM INTERNATIONALFAN MinVice Chairman of the Board and President
DALLAS FORT WORTH AIRPORTSean DonohueCEO
DFS GROUPPhilippe SchausChairman & CEO
DEPARTMENT OF TOURISM & COMMERCE MARKETING, GOVERNMENT OF DUBAIH.E. Helal Saeed Khalfan Al MarriDirector General
DIAMOND RESORTS INTERNATIONALStephen J CloobeckFounder & Chairman
DUBAILANDMohammed Al HabbaiCEO
EAST JAPAN RAILWAY COMPANYSatoshi SeinoChairman & Director
ENTERPRISE HOLDINGSPamela NicholsonCEO
EXPEDIA INCDara KhosrowshahiPresident & CEO
FAIRMONT HOTELS & RESORTSJennifer FoxPresident
FINTRAXJohn MooreChairman
GLOBAL BLUE GROUPDavid Baxby President & CEO
GLOBAL LEISURE PARTNERS LLPMark HarmsChairman & CEO
GREATER TORONTO AIRPORTS AUTHORITYHoward Eng President & CEO
HAWAIIAN AIRMark DunkerleyPresident & CEO
HERTZ CORPORATIONMichel TaridePresident, Hertz International
HOGG ROBINSON GROUPDavid RadcliffeChief Executive
HONG KONG & SHANGHAI HOTELSClement KwokManaging Director & CEO
HUANGSHAN TOURISM GROUPHUANG LinmuPresident and Chairman of the Board
HYATT HOTELS CORPORATIONMark S HoplamazianPresident and CEO
IBMMarty SalfenGeneral Manager, Global Travel & Transportation Industry
INDIAN HOTELS COMPANY LTDRakesh K Sarna Managing Director & CEO
INTERNATIONAL AIRLINES GROUPWillie WalshChief Executive
JAPAN AIRLINES CO. LTDMasaru OnishiChairman
KERZNER INTERNATIONALAlan LeibmanCEO
KUONI TRAVEL HOLDING LTDPeter MeierCEO
LAS VEGAS SANDS CORP.Robert GoldsteinPresident and Chief Operating Officer
LEBUA HOTELS & RESORTS Narawadee BualertPresidentDeepak OhriCEO
LOTTEDong-Bin ShinChairman
MESSE BERLIN GMBHChristian GökePresident & CEO
MISSION HILLS GROUPDr Ken ChuChairman & CEO
NH HOTEL GROUPFederico Gonzalez TejeraCEO
NOEL GROUP, A BERKSHIRE HATHAWAY COMPANYJohn M. Noel CEO
NORWEGIAN CRUISE LINESFrank Del RioPresident & CEO
ORBITZ WORLDWIDEBarney HarfordCEO
OTI HOLDINGAyhan BektasChairman
OZALTIN HOLDINGÖznur Özdemir ÖzaltinChief Executive Özaltin Holding (Tourism Group)
PEAK ADVENTURE TRAVEL Darrell WadeCEO
QUNARZHUANG ChenchaoCo-Founder & CEO
RADISSON EDWARDIAN HOTELSJasminder SinghChairman & CEO
RELAIS & CHÂTEAUXPhilippe Gombert President International, Chairman of the Board
R TAUCK & PARTNERRobin Tauck President
SHANGHAI JIN JIANG INTERNATIONAL HOTELSYANG WeiminCEO
SHANGHAI SPRING INTERNATIONAL TRAVEL SERVICESXIAO QianhuiGeneral Manager
STARWOOD HOTELS & RESORTS WORLDWIDEAdam AronCEO
TAP PORTUGALFernando PintoCEO
TRAVEL LEADERS GROUPMichael BattFounder & Chairman
TURKISH AIRLINESTemel Kotil CEO
UNITED AIRLINESJeff Smisek President & CEOJim ComptonVice Chairman & Chief Revenue Officer
VALUE RETAILDesiree BollierCEO
VIRTUOSO Matthew D Upchurch CTCCEO
ZAGAT SURVEY LLCTim ZagatCo-Founder, Co-Chair & CEO
INDUSTRY PARTNERS
BOSTON CONSULTING GROUPAchim FechtelSenior Partner & Managing Director
THE COCA-COLA COMPANYStefanie D MillerGroup Vice President, Strategic Partnership Marketing
DELOITTEAdam WeissenbergVice Chairman, Global Travel, Hospitality & Leisure Leader
ECOLABMichael HickeyExecutive Vice President and President, Global Institutional
GOLDMAN SACHSBen LeahyManaging Director, Investment Banking Division
GOOGLERob TorresManaging Director for Travel
JCBKoremitsu SannomiyaPresident & Chief Operating Officer
JONES LANG LASALLE HOTELSArthur de HaastChairman Hotels & Hospitality Group
SPENCER STUARTJerry NoonanGlobal Consumer Leader
TOSHIBA CORPORATIONAtsutoshi NishidaChairman of the Board
VISA WORLDWIDERoss JacksonVice President, Cross-Border, Brand, Product & Client Marketing Asia Pacific Region
REGIONAL MEMBERS
ABACUS INTERNATIONALRobert BaileyPresident & CEO
ACTION GROUP HOLDINGH E Sheikh Mubarak Al Abdullah Al Mubarak Al SabahChairman
ALATURRicardo Souto FerreiraVice President
ALPITOURGabriele BurgioCEO
AMBASSADOR HOTEL GROUPJung-Ho SuhChairman
APPLE LEISURE GROUPAlex ZozayaChairman & CEO
COCHA TRAVELMario FuenzalidaCEO
DESPEGARRoberto SouvironCEO
DIETHELM TRAVELMaarten GroeneveldCEO
DOURO AZULMário FerreiraPresident & CEO
EL CID RESORTSCarlos BerdeguéCEO
GRUPO MASOEsteban TorbarCEO
HAKUBA HOTEL GROUPAdrian BellCEO
HELLOWORLDElizabeth GainesCEO
JA RESORTS AND HOTELSDavid ThomsonCOO
MINOR HOTEL GROUPDillip RajakarierCEO
NORTHERN CAUCASUS RESORTSSergey Victorovich VereshchaginDirector General
NRMA GROUPTony StuartGroup CEO
PALACE RESORTSJosé Chapur ZahoulPresident
PREMIER HOTELS & RESORTSClaudio SilvestriPresident & CEO
ROTANA HOTEL MANAGEMENT CORPORATIONOmer KaddouriPresident & CEO
SENTOSA DEVELOPMENT CORPORATIONMike BarclayCEO
SHKP HOTELSRicco De BlankCEO
SONEVA RESORTS Sonu ShivdasaniChairman & CEO
SOUTH AMERICAN TOURSFederico BuekerCEO
SWAIN DESTINATIONSIan SwainPresident
THOMAS COOK INDIAMadhaven MenonManaging Director
TREND OPERADORA LTDALuis Paulo LuppaPresident
Harlequin Building65 Southwark Street
London, SE1 0HRUnited Kingdom
Telephone: +44 (0)20 7481 8007Fax: +44 (0) 207 488 1008Email: [email protected]
www.wttc.org
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