BERLIN - The global travel industry is likely to expand by 4 percent in 2019 despite slowing economic growth in key areas such China and Europe, but a no-deal Brexit could wipe out 700,000 travel-related jobs, a top industry association said on Tuesday.
Based on data from 185 countries, the group forecasts steady growth of 4 percent this year, given continued demand from China, the second largest travel and tourism market behind the United States, and other countries in Asia. Britain and the United States were two of few countries in which travel and tourism underperformed economic growth, she said, citing uncertainty about Britain's departure from the European Union and what she called the"non-welcoming message" being sent out by U.S. President Donald Trump.
If Britain leaves the EU without an agreement, it could lose 300,000 jobs, with an additional 400,000 jobs likely to disappear elsewhere in Europe, she said.
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