Published on : Wednesday, November 10, 2021
According to research from the World Travel & Tourism Council (WTTC), France’s Travel & Tourism sector’s recovery is expected to achieve a growth of 34.9% this year.
The Destination France summit organized by President Emmanuel Macron with an opening speech from the WTTC Chairman and President & CEO of Carnival Corporation &plc, Arnold W. Donald, will focus on encouraging travelers back to France, which before the pandemic, was the world’s most popular destination.
WTTC said that the sector’s growth this year is expected to rise ahead of Europe’s overall recovery at 23.9%, and the global recovery at 30.7%.
In 2019, France’s Travel & Tourism sector’s contribution to GDP was 211 billion euros (8.5% of the national economy).
In 2020, when the pandemic shut down international travel, the contribution of the Travel & Tourism sector declined to just 108 billion euros (4.7% of the national economy).
However, now with the current rate of recovery, France’s Travel & Tourism sector can expect a year-on-year growth of almost 35%, representing an increase of 38 billion euros.
In terms of employment, the French Travel & Tourism sector generated almost 2.7 million jobs before the pandemic.
After suffering a loss of almost 200,000 jobs last year, employment looks stagnant this year.
However, the outlook is more positive next year with an expected increase of 9.4%, providing an additional 236,000 jobs across the country.