Global travel industry seen 'resilient' despite slowing growth

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.

Portugal Últimas Notícias, Portugal Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Global stocks fall for third day as investors dial down trade hopesGlobal stocks retreated for a third straight day on Thursday as investors reduced their optimism over U.S.-Sino trade talks, while an early end to ...
Fonte: ChannelNewsAsia - 🏆 6. / 66 Consulte Mais informação »

Global stocks pressured by Kim-Trump summit failureWorld stock markets came under pressure Thursday as a summit between Donald Trump and Kim Jong Un ended abruptly without an agreement. Asian equities had been fluctuating throughout the day on tempered optimism over China-US trade talks, weak factory data from Beijing and fresh geopolitical tensions
Fonte: YahooSG - 🏆 3. / 71 Consulte Mais informação »