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Published on : Monday, November 11, 2013
Tourism Secretary Ramon Jimenez Jr. said while speaking to The STAR that while there were some obstacles to tourism growth, the international visitors arrival target for 2013 is still achievable.
“Yes, we are confident that we will breach the five million mark for foreign and the targeted 44 million domestic travellers for 2013. There are challenges but we will overcome them,” he said.
Latest report by the World Tourism and Travel Council indicated that “the global travel and tourism industry will grow marginally slower in 2013 than previously indicated”.
WTTC forecasts that the total contribution from travel and tourism to the world economy will be 2.9 per cent in 2013, down from the 3.2 per cent growth initially forecast in February this year.
“However, the reduction in growth in travel and tourism is driven by reduced investment growth in the economy as a whole, impacting on the industry and slowing global economic growth,” WTTC said.
Oxford Economics, WTTC’s research partner, forecasts global economic growth to be 2.1 per cent, a slight downgrade from the 2.4 per cent forecast at the start of the year.
WTTC president and CEO David Scowsill said, “Travel and Tourism is a growth industry which generates nine per cent of global gross domestic product (GDP) and supports 260 million jobs, or one in 11 of the world’s jobs.”