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Published on : Tuesday, August 29, 2017
The UNWTO Global Conference on Tourism Development and Sustainability which will be held in Jamaica this November, takes place at a time when tourism around the globe is outperforming other key sectors like financial and business services, manufacturing, public services, retail and distribution, as well as transport.
To quote Minister of Tourism Edmund Bartlett, “The conference will address the imbalance in the global funding of tourism activities and development. And given the powerhouse impact that tourism is having on the world economy, there is a disproportionate flow of funding and financing, and this is happening although 80 per cent of tourism is driven by small and medium countries.”
He said that the global tourism sector generated US$7.6 trillion, approximately 10.2 per cent of global gross domestic product (GDP), and 292 million jobs in 2016, equivalent to one in 10 jobs in the global economy. In addition, locally, the travel and tourism industry generated $4.5 billion to GDP last year. This represents 30 per cent of Jamaica’s GDP and twice the size of the contribution made by the Jamaican banking industry.
“This event is also of historical importance, because it signals the first time that the UNWTO will stage a world conference on tourism in the Caribbean or Americas,” Bartlett said.
The conference will be held at the Montego Bay Convention Centre in St. James from November 27 to 29, and it is estimated that around 1,000 delegates from 157 countries will attend the conference.
Tags: UNWTO Global Conference