WTTC reveals the world’s best performing tourism cities
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[dropcap]T[/dropcap]oday, the World Travel & Tourism Council (WTTC) released its annual Cities Report at the WTTC Asia Leaders Forum in Macau, SAR. The Report covers 72 of the world’s most important tourism cities, which together generated over $625bn contribution to GDP last year (24.3% of global Travel & Tourism GDP).
The world’s top ten cities in terms of tourism market size are: Shanghai (US$35bn), Beijing ($32.5bn), Paris ($28bn), Orlando ($24.8bn), New York ($24.8bn), Tokyo ($21.7bn), Bangkok ($21.3bn), Mexico City ($19.7bn), Las Vegas ($19.5bn) and Shenzhen ($19bn).
The world’s top ten cities in terms of job creation are: Jakarta, Beijing, Mexico City, Shanghai, Bangkok, Chongqing, Delhi, Mumbai, Ho Chi Minh City, Shenzhen.
WTTC President & CEO Gloria Guevara commented, “With 54% of the world’s population living in urban areas, cities have become global economic hubs, driving growth and innovation. They attract huge quantities of people who travel to experience their culture, do business, and live. This growth has also resulted in a rise in city tourism – a trend which is forecasted to maintain momentum.
“Our Report highlights the crucial importance of cities to Travel & Tourism worldwide, and likewise how vital this sector is to the economy. Over half a billion trips are made to cities annually representing 45% of global international travel.
” Highlights from the Report include: Cairo was the fastest growing city in 2017 in terms of Travel & Tourism GDP contribution (34.4%), followed by Macau (14.2%).
Four of the five fastest growing cities over the past ten years are located in China: Chongqing, Chengdu, Shanghai, Guangzhou.
Shanghai is ranked as the largest city by Travel & Tourism volume in 2017. By 2027, Shanghai is expected to be double the size of Paris in terms of Travel & Tourism’s direct contribution to GDP.
Bangkok (50.4%), Paris (29.8%), Mexico City (24.0%) and Tokyo (20.2%) are the biggest contributors to their country’s Travel & Tourism GDP.
In terms of domestic vs. international spend; New York sets an example as a city with a remarkable balance (52.7% vs. 47.2%). Meanwhile, Paris relies heavily on international spend and Beijing on domestic.
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