Published on : Tuesday, October 24, 2017
In the last ten years, Singapore’s tourism has almost doubled to US$12.4 billion (S$16.9 billion) in last year and maintains over 164,000 jobs, as per the recent release by the World Travel & Tourism Council or WTTC. According to its recent study across 65 cities approximately, 21 of which are based in the Asia-Pacific region. The cities in China are at the forefront in terms of tourism growth over the coming ten years.
“With the world average growth rate at 4 per cent per year, and Asia-Pacific at 5.8 per cent, these cities are significantly outpacing both the regional and global average,” the study noted.
At around fourteen percent growth every year, Chongqing leads the league. It’s followed by Guanghzhou at 13.1 percent, Shanghai at 12.8 percent and Beijing at 12 percent respectively.
The other cities on the top 10 list are Chengdu with 11.2 percent, Manila with 10.9 percent and Delhi with 10.8 percent, Shenzhen with 10.7 percent, Kuala Lumpur with 10.1 percent and Jakarta with 10 percent respectively.
“The power of Asian cities when it comes to driving the travel and tourism sector is clear to see in this new data. However, not only do these cities contribute significantly to their country’s tourism sector, tourism is also an important generator of economic growth and jobs within the cities themselves,” Gloria Guevara, president and chief executive officer of WTTC said.
As per the WTTC, travel and tourism have been recognized as the main drivers in terms of investment and worldwide financial growth. The sector gives around US$7.6 trillion, or 10.2 percent of global gross domestic product and accounts for 292 million job opportunities. That is one in 10 of all jobs on the planet.