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WTTC: 2011 North East Asia


GDP: Direct Contribution
The direct contribution of Travel &Tourism to GDP is expected to be USD336.9bn (2.4% of total GDP) in 2011, rising by 5.9% pa to USD625.7bn (2.6%) in 2021 (in constant 2011 prices).

GDP: Total Contribution
The total contribution of Travel &Tourism to GDP, including its wider economic impacts, is forecast to rise by 5.9% pa from USD1,071.5bn (7.7% of GDP) in 2011 to USD1,995.5bn (8.6%) by 2021.

Employment: Direct Contribution
Travel & Tourism is expected to support directly 25,663,000 jobs (2.9% of total employment) in 2011, rising by 1.4% pa to 29,480,000 jobs (3.1%) by 2021.

Employment: Total Contribution
The total contribution of Travel & Tourism to employment, including jobs indirectly supported by the industry, is forecast to rise by 2.4% pa from 71,840,000 jobs (8.1% of total employment) in 2011 to 90,779,000 jobs (9.7%) by 2021.

Visitor Exports
Travel & Tourism visitor exports are expected to generateUSD142.6bn (3.2% of total exports) in 2011, growing by 9.4% pa (in nominal terms) to USD240.9bn (2.9%) in 2021.

Travel & Tourism investment is estimated at USD149.8bn or 3.3% of total investment in 2011. It should rise by 6.4% pa to reach USD287.7bn (or 3.5%) of total investment in 2021.

World ranking (out of 12 regions):
Relative importance of Travel & Tourism’s total contribution to GDP
• 3 ABSOLUTE size
• 9 RELATIVE contribution to national economy
• 3 GROWTH forecast

North East Asia includes China, Hong Kong, Japan, Korea Republic of Macau, Taiwan

Download the Travel & Tourism report on North East Asia here

About WTTC
The World Travel & Tourism Council (WTTC) is the forum for business leaders in the Travel & Tourism industry. With Chief Executives of some one hundred of the world’s leading Travel & Tourism companies as its Members, WTTC has a unique mandate and overview on all matters related to Travel & Tourism.
WTTC works to raise awareness of Travel & Tourism as one of the world’s largest industries, supporting more than 258 million jobs and generating 9.1 per cent of world GDP.

This article is quoted from WTTC . Follow the links and get an overview of 2011 WTTC region reports or country reports.

This article is uploaded by Majbritt Thomsen, administrator on ‘Views On Tourism’.

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Posted in China, Development, Hong Kong, Japan, Korea, Macau, Market knowledge, Northeast Asia, Performance and management, Policy, South Korea, Sustainability, Taiwan.

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