Tourists at the main beach of Boracay, Aklan, the Philippines, on Wednesday, March 23, 2022. Almost 100,000 tourists arrived in the five weeks through March as the Philippines reopened to 157 visa-free countries, the Manila Bulletin reports, citing Tourism Secretary Bernadette Romulo-Puyat. - Bloomberg
MANILA, Apr 23 (dpa): The global travel and tourism sector’s contribution to the world economy was expected to rebound to pre-pandemic levels by 2023 to US$9.6 trillion, industry experts said in a forum in the Philippines this week.
In 2022, the sector was forecast to contribute $8.35 trillion to the world’s gross domestic product (GDP), compared to $5.8 trillion last year, Julia Simpson, president and CEO of the World Travel and Tourism Council, told a global summit in Manila.
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