Rwanda: Travel, Tourism Investment to Increase By 11% in 2023

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Global travel and tourism investment is set to increase by 11.5 per cent in 2023 and return to pre-pandemic levels in 2025, the World Travel and Tourism Council (WTTC) President and Chief Executive Julia Simpson said on Thursday, November 2.

Speaking during the second day of the WTTC's 23rd Global Summit in Kigali, Simpson referred to the latest data from WTTC and its partner Oxford Economics.

"Our latest data highlights our sector's enduring appeal and resilience and is recovering faster than anticipated. Africa has the world's youngest population and by 2033, $1 in every $13 created in Africa, will come from Travel and Tourism and 1 in 17 jobs will be in the sector. Globally, the industry is expected to create almost 126 million jobs worldwide within 10 years, according to a report issued by the WTTC in 2022.

"Hosting the WTTC Global Summit in Rwanda and for the first time in Africa marks an incredible milestone for the continent. It is also an opportunity for the world to witness Rwanda and Africa's dedication to sustainable tourism." "I invite you all to join us for this historic occasion, and witness the naming of the next generation of baby mountain gorillas in what promises to be a remarkable celebration of conservation," he added.

 

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