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The Authority on World Travel & Tourism
Travel & Tourism Economic impact 2014 Macedonia
For more information, please contact:
Rochelle TurnerHead of Research
2014 World Travel & Tourism Council
WTTC Travel & Tourism Economic Impact 2014
The World Travel & Tourism Council (WTTC) has been investing in economic impact research for over 20 years in order to assess and quantify the value of Travel & Tourisms contribution to GDP and employment. We now produce reports and forecasts of the sectors impact in 184 countries and 24 geographic and economic regions in the world. Our 10-year forecasts provide unique information and seek to better equip both public and private bodies with empirical evidence for their policy making and investment decisions.
2013 proved to be another successful year for the Travel & Tourism industry. Our latest annual research, conducted in conjunction with our research partner Oxford Economics, shows Travel & Tourisms contribution to world GDP grew for the fourth consecutive year in 2013, helped especially by strong demand from international travellers. Visitor exports, the measure of money spent by these international tourists, rose by 3.9% at a global level year on year, to US$1.3trillion, and by over 10% within South East Asia. It is clear that the growth in Travel & Tourism demand from emerging markets continues with pace, as large rising middle-classes, especially from Asia and Latin America, are willing and more able than ever to travel both within and beyond their borders.
In 2013, Travel & Tourisms total contribution to the global economy rose to 9.5% of global GDP (US $7 trillion), not only outpacing the wider economy, but also growing faster than other significant sectors such as financial and business services, transport and manufacturing. In total, nearly 266 million jobs were supported by Travel & Tourism in 2013 - 1 in 11 of all jobs in the world. The sustained demand for Travel & Tourism, together with its ability to generate high levels of employment continues to prove the importance and value of the sector as a tool for economic development and job creation.
The outlook for Travel & Tourism in 2014 is also very positive, with Total Travel & Tourism GDP growth forecast to reach 4.3%. Much of this growth is being driven by higher consumer spending as the recovery from recession gathers pace and is becoming firmly established. Tourists are expected to spend more per trip and stay longer on their holidays in 2014, while long haul travel, especially among the European markets, is also expected to gain a greater share of international tourism demand. Profitability for travel companies should also start to edge up, bringing opportunities for further job creation in the process.
Travel & Tourism forecasts over the next ten years also look extremely favourable, with predicted growth rates of over 4% annually that continue to be higher than growth rates in other sectors. Capitalising on the opportunities for this Travel & Tourism growth will, of course, require destinations and regional authorities, particularly those in emerging markets, to create favourable business climates for investment in the infrastructure and human resource support necessary to facilitate a successful and sustainable tourism sector. At the national level, governments can also do much to implement more open visa regimes and to employ intelligent rather than punitive taxation policies. If the right steps are taken, Travel & Tourism can be a true force for good.
David ScowsillPresident & CEOWTTC
Foreword
Foreword
2014 Annual Research: Key Facts ...............................................1
Defining the Economic Contribution of Travel & Tourism .............2
Travel & Tourisms Contribution to GDP .......................................3
Travel & Tourisms Contribution to Employment ..........................4
Visitor Exports and Investment ....................................................5
Different Components of Travel & Tourism ...................................6
Country Rankings: Absolute Contribution, 2013 ..........................7
Country Rankings: Relative Contribution, 2013 ...........................8
Country Rankings: Real Growth, 2014 .........................................9
Country Rankings: Long Term Growth, 2014-2024 ....................10
Summary Tables: Estimates & Forecasts ...................................11
The Economic Contribution of Travel & Tourism: Real 2013 Prices ........................................................................12
The Economic Contribution of Travel & Tourism: Nominal Prices ...........................................................................13
The Economic Contribution of Travel & Tourism: Growth ..........14
Glossary .....................................................................................15
Methodological Note ..................................................................16
Regions, Sub-regions, Countries ...............................................17
Use of MaTeRial is aUTHoRised, PRovided soURCe is aCknoWledged
Harlequin Building, 65 southwark street, london, se1 0HR, Uk Tel: +44 (0)20 7481 8007 email: [email protected] www.wttc.org
The Economic Impact of Travel & Tourism 2014
Contents
1All values are in constant 2013 prices & exchange rates
= Total contribution of Travel & Tourism
Macedonia
2014 ANNUAL RESEARCH: KEY FACTS 2014 forecast
EMPLOYMENT: DIRECT CONTRIBUTION
EMPLOYMENT: TOTAL CONTRIBUTION
VISITOR EXPORTS
INVESTMENT
WORLD RANKING (OUT OF 184 COUNTRIES):Relative importance of Travel & Tourism's total contribution to GDP
150ABSOLUTE
Size in 2013
155Contribution to GDP in 2013
RELATIVE SIZE39
GROWTH2014 forecast
Total Contribution of Travel & Tourism to GDP
Breakdown of Travel & Tourism's Total Contribution to GDP and Employment 2013
2013 MKDbn GDP (2013 MKDbn)
Direct Indirect Induced
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2013 MKDbn2013 MKDbn
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6 Em
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WTTC Travel & Tourism Economic Impact 2014 1
The direct contribution of Travel & Tourism to GDP was MKD6.7bn (1.3% of total GDP) in 2013, and is forecast to rise by 5.7% in 2014, and to rise by 5.0% pa, from 2014-2024, to MKD11.5bn (1.6% of total GDP) in 2024.
The total contribution of Travel & Tourism to GDP was MKD25.1bn (5.0% of GDP) in 2013, and is forecast to rise by 6.5% in 2014, and to rise by 5.0% pa to MKD43.5bn (6.1% of GDP) in 2024.
In 2013 Travel & Tourism directly supported 8,500 jobs (1.2% of total employment). This is expected to remain unchanged in 2014 and rise by 1.9% pa to 10,000 jobs (1.5% of total employment) in 2024.
In 2013, the total contribution of Travel & Tourism to employment, including jobs indirectly
Visitor exports generated MKD11.9bn (4.2% of total exports) in 2013. This is forecast to grow by 4.4% in 2014, and grow by 5.6% pa, from 2014-2024, to MKD21.5bn in 2024 (3.5% of total).
Travel & Tourism investment in 2013 was MKD2.9bn, or 2.1% of total investment. It should rise by 13.9% in 2014, and rise by 6.0% pa over the next ten years to MKD5.9bn in 2024 (2.6% of total).
2024
GDP: DIRECT CONTRIBUTION
GDP: TOTAL CONTRIBUTION
supported by the industry, was 4.5% of total employment (31,000 jobs). This is expected to rise by 4.3% in 2014 to 32,500 jobs and rise by 1.8% pa to 39,000 jobs in 2024 (5.7% of total).
60LONG-TERM GROWTH
Forecast 2014-2024
1
WTTC Travel & Tourism Economic Impact 20142
Defining the economiccontribution of Travel & Tourism
Travel & Tourism is an important economic activity in most countries around the world. As well as its direct economic impact, the industry has significant indirect and induced impacts. The UN Statistics Division-approved Tourism SatelliteAccounting methodology (TSA:RMF 2008) quantifies only the direct contribution of Travel & Tourism. But WTTC recognises that Travel & Tourism's total contribution is much greater, and aims to capture its indirect and induced impacts through its annual research.
DIRECT CONTRIBUTIONThe direct contribution of Travel & Tourism to GDP reflects the internal spending on Travel & Tourism (total spending within a particular country on Travel & Tourism by residents and non-residents for business and leisure purposes) as well as government 'individual' spending - spending by government on Travel & Tourism services directly linked to visitors, such as cultural (eg museums) or recreational (eg national parks).
The direct contribution of Travel & Tourism to GDP is calculated to be consistent with the output, as expressed in National Accounting, of tourism-characteristic sectors such as hotels, airlines, airports, travel agents and leisure and recreation services that deal directly with tourists.The direct contribution of Travel & Tourism to GDP is calculated from total internal spending by netting out the purchases made by the different tourism sectors. This measure is consistent with the definition of Tourism GDP, specified in the 2008 Tourism Satellite Account: Recommended Methodological Framework (TSA: RMF 2008).
TOTAL CONTRIBUTION The total contribution of Travel & Tourism includes its wider impacts (ie the indirect and induced impacts) on the economy. The indirect contribution includes the GDP and jobs supported by:
Travel & Tourism investment spending an important aspect of both current and future activity that includes investment activity such as the purchase of new aircraft and construction of new hotels;
Government 'collective' spending, which helps Travel & Tourism activity in many different ways as it is made on behalf of the community at large eg tourism marketing and promotion, aviation, administration, security services, resort area security services, resort area sanitation services, etc;
Domestic purchases of goods and services by the sectors dealing directly with tourists - including, for example, purchases of food and cleaning services by hotels, of fuel and catering services by airlines, and IT services by travel agents.
The induced contribution measures the GDP and jobs supported by the spending of those who are directly or indirectly employed by the Travel & Tourism industry.
PLEASE NOTE THAT DUE TO CHANGES IN METHODOLOGY BETWEEN 2010 AND 2011, IT IS NOT POSSIBLE TO COMPARE FIGURES PUBLISHED BY WTTC FROM 2011 ONWARDS WITH THE SERIES PUBLISHED IN PREVIOUS YEARS.
MACEDONIA: DIRECT CONTRIBUTION OF TRAVEL & TOURISM TO GDP
MACEDONIA: TOTAL CONTRIBUTION OF TRAVEL & TOURISM TO GDP
1 All values are in constant 2013 prices & exchange rates
3
Travel & Tourism's contribution to GDP1
The direct contribution of Travel & Tourism to GDP in 2013 was MKD6.7bn (1.3% of GDP). This is forecast to rise by 5.7% to MKD7.1bn in 2014.This primarily reflects the economic activity generated by industries such as hotels, travel agents, airlines and other passenger transportation services (excluding commuter services). But it also includes, for example, the activities of the restaurant and leisure industries directly supported by tourists.
The direct contribution of Travel & Tourism to GDP is expected to grow by 5.0% pa to MKD11.5bn (1.6% of GDP) by 2024.
0
2
4
6
8
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12
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Constant 2013 MKDbn % of whole economy GDP
0.0
0.2
0.4
0.6
0.8
1.0
1.2
1.4
1.6
1.8
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2024
2024
induced income impacts, see page 2) was MKD25.1bn in 2013 (5.0% of GDP) and is expected to grow by 6.5% to MKD26.7bn (5.2% of GDP) in 2014.
It is forecast to rise by 5.0% pa to MKD43.5bn by 2024 (6.1% of GDP).
Constant 2013 MKDbn
Direct Indirect Induced
0
5
10
15
20
25
30
35
40
45
50
2013 2014 2024202420240.0
1.0
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7.0
2013 2014 20242024
% of whole economy GDP
Direct Indirect Induced
WTTC Travel & Tourism Economic Impact 2014
The total contribution of Travel & Tourism to GDP (including wider effects from investment, the supply chain and
MACEDONIA: DIRECT CONTRIBUTION OF TRAVEL & TOURISM TO EMPLOYMENT
MACEDONIA: TOTAL CONTRIBUTION OF TRAVEL & TOURISM TO EMPLOYMENT
4
Travel & Tourism generated 8,500 jobs directly in 2013 (1.2% of total employment) and this is forecast to remain the same in 2014 at 8,500 (1.2% of total employment).This includes employment by hotels, travel agents, airlines and other passenger transportation services (excluding commuter services). It also includes, for example, the activities of the restaurant and leisure industries directly supported by tourists.
By 2024, Travel & Tourism will account for 10,000 jobs directly, an increase of 1.9% pa over the next ten years.
0.0
2.0
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8.0
10.0
12.0
2004
2005
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2007
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'000 jobs % of whole economy employment
0.0
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1.6
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2007
2008
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2010
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2014
2024
The total contribution of Travel & Tourism to employment (including wider effects from investment, the supply
By 2024, Travel & Tourism is forecast to support 39,000 jobs (5.7% of total employment), an increase of 1.8% pa over the period.
'000 jobs
Direct Indirect Induced
0.0
5.0
10.0
15.0
20.0
25.0
30.0
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40.0
45.0
2013 2014 2024202420240.0
1.0
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3.0
4.0
5.0
6.0
2013 2014 20242024
% of whole economy employment
Direct Indirect Induced
WTTC Travel & Tourism Economic Impact 2014
Travel & Tourism'scontribution to employment
chain and induced income impacts, see page 2) was 31,000 jobs in 2013 (4.5% of total employment). This is forecast to rise by 4.3% in 2014 to 32,500 jobs (4.7% of total employment).
2024
2024
VISITOR EXPORTS
MACEDONIA: VISITOR EXPORTS AND INTERNATIONAL TOURIST ARRIVALS
INVESTMENT
MACEDONIA: CAPITAL INVESTMENT IN TRAVEL & TOURISM
1 All values are in constant 2013 prices & exchange rates
5
Visitor Exports and Investment1
Visitor exports are a key component of the direct contribution of Travel & Tourism. In 2013,Macedonia generated MKD11.9bn in visitor exports. In 2014, this is expected to grow by 4.4%, and the country is expected to attract 367,000 international tourist arrivals.
By 2024, international tourist arrivals are forecast to total 547,000, generating expenditure of MKD21.5bn, an increase of 5.6% pa.
Constant 2013 MKDbn Foreign visitor exports as % of total exports
0.0
1.0
2.0
3.0
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5.0
6.0
7.0
2004
2005
2006
2007
2008
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2010
2011
2012
2013
2014
2024
2024
Travel & Tourism is expected to have attracted capital investment of MKD2.9bn in 2013. This is expected to rise by 13.9% in 2014, and rise by 6.0% pa over the next ten years to MKD5.9bn in 2024.
Travel & Tourisms share of total national investment will rise from 2.2% in 2014 to 2.6% in 2024.
Constant 2013 MKDbn
0
1
2
3
4
5
6
7
2004
2005
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2011
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2024
% of whole economy GDP
WTTC Travel & Tourism Economic Impact 2014
mn
Foreign tourist arrivals (RHS)
0
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Foreign visitor exports (LHS)
2024
Leisure spending
Business spending
Foreign visitor spending
Domestic spending
Direct
Induced
Indirect
41.8%
11.2%
3.9% 1 All values are in constant 2013 prices & exchange rates
26.7%
16.4%
60.8%
39.2%
79.6%
20.4%
56.9%
(c) Government collective
Indirect is the sum of: (a) Supply chain
(b) Investment
6 WTTC Travel & Tourism Economic Impact 2014
Different components ofTravel & Tourism1
MacedoniaTravel & Tourism's Contribution to GDP:Business vs Leisure, 2013 Leisure travel spending (inbound and domestic)
generated 79.6% of direct Travel & Tourism GDP in 2013 (MKD15.7bn) compared with 20.4% for business travel spending (MKD4.0bn).
Business travel spending is expected to grow by 9.2% in 2014 to MKD4.4bn, and rise by 5.0% pa to MKD7.1bn in 2024.
Leisure travel spending is expected to grow by 4.8% in 2014 to MKD16.4bn, and rise by 5.1% pa to MKD26.9bn in 2024.
Macedonia
Domestic vs Foreign, 2013
Travel & Tourism's Contribution to GDP:
Domestic travel spending generated 39.2% of direct Travel & Tourism GDP in 2013 compared with 60.8% for visitor exports (ie foreign visitor spending or international tourism receipts).
Domestic travel spending is expected to grow by 7.7% in 2014 to MKD8.3bn, and rise by 4.2% pa to MKD12.6bn in 2024.
Visitor exports are expected to grow by 4.4% in 2014 to MKD12.5bn, and rise by 5.6% pa to MKD21.5bn in 2024.
b
a
c
MacedoniaBreakdown of Travel & Tourism's Total Contribution to GDP, 2013
The Travel & Tourism industry contributes to GDP and employment in many ways as detailed on page 2.
The total contribution of Travel & Tourism to GDP is its direct contribution.
2013 2013(US$bn) (US$bn)
Europe Average 331.9 Europe Average 937.26 Italy 81.9 8 Italy 201.8
12 Turkey 37.4 14 Turkey 101.2World Average 18.0 World Average 55.0
29 Greece 14.2 27 Greece 35.850 Croatia 6.1 50 Czech Republic 16.752 Czech Republic 5.6 54 Croatia 14.375 Bulgaria 2.0 66 Bulgaria 7.288 Cyprus 1.4 85 Cyprus 4.4
125 Montenegro 0.5 120 Bosnia-Herzegovina 1.7131 Bosnia-Herzegovina 0.5 135 Montenegro 1.1160 Macedonia 0.1 150 Macedonia 0.5
2013 2013'000 jobs '000 jobs
Europe Average 5972.0 Europe Average 16395.616 Italy 1105.9 18 Italy 2619.0
World Average 799.8 20 Turkey 2317.528 Turkey 587.7 World Average 2017.444 Greece 319.5 46 Greece 657.149 Czech Republic 248.5 54 Czech Republic 511.670 Croatia 138.5 73 Bulgaria 356.086 Bulgaria 100.1 77 Croatia 316.8
124 Bosnia-Herzegovina 32.4 114 Bosnia-Herzegovina 114.0132 Cyprus 27.0 129 Cyprus 76.6150 Montenegro 14.6 154 Macedonia 31.1160 Macedonia 8.3 156 Montenegro 30.5
2013 2013(US$bn) (US$bn)
Europe Average 161.0 Europe Average 265.19 Turkey 19.6 9 Italy 42.1
16 Italy 10.8 11 Turkey 35.5World Average 4.2 24 Greece 15.7
38 Greece 3.6 31 Croatia 11.251 Czech Republic 2.0 38 Czech Republic 7.659 Croatia 1.3 World Average 7.073 Bulgaria 0.7 54 Bulgaria 4.4
105 Montenegro 0.3 62 Cyprus 2.8107 Cyprus 0.3 102 Montenegro 1.0125 Bosnia-Herzegovina 0.2 113 Bosnia-Herzegovina 0.7154 Macedonia 0.1 148 Macedonia 0.3
Travel & Tourism's Direct Contribution to GDP Contribution to GDP
Travel & Tourism's Total
Travel & Tourism's Direct Contribution to Employment
Travel & Tourism's Total Contribution to Employment
Travel & TourismCapital Investment
VisitorExports
The competing destinations selected are those that offer a similar tourism product and compete for tourists from the same set of origin markets. These tend to be, but are not exclusively, geographical neighbours.
The tables on pages 7-10 provide provide brief extracts from the full WTTC Country League Table Rankings, highlighting comparisons with competing destinations as well as with the world and regional average.
Country rankings: Absolute contribution, 2013
7WTTC Travel & Tourism Economic Impact 2014
Averages in above tables are simple cross-country averages.
2013 2013% share % share
17 Croatia 12.2 19 Croatia 28.224 Montenegro 9.8 32 Cyprus 20.634 Cyprus 6.8 36 Montenegro 20.036 Greece 6.5 40 Greece 16.364 Turkey 4.6 58 Bulgaria 13.368 Italy 4.2 63 Turkey 12.380 Bulgaria 3.7 78 Italy 10.3
Europe 3.1 World 9.5World 2.9 88 Bosnia-Herzegovina 9.3
108 Czech Republic 2.9 Europe 8.7119 Bosnia-Herzegovina 2.5 105 Czech Republic 8.4176 Macedonia 1.3 155 Macedonia 5.0
2013 2013% share % share
14 Croatia 13.3 17 Croatia 30.426 Greece 8.9 24 Cyprus 22.127 Montenegro 8.8 36 Montenegro 18.329 Cyprus 7.8 38 Greece 18.253 Czech Republic 5.0 62 Bulgaria 12.255 Italy 4.9 64 Italy 11.689 Bulgaria 3.4 70 Bosnia-Herzegovina 10.7
World 3.4 74 Czech Republic 10.4Europe 3.1 88 Turkey 9.1
103 Bosnia-Herzegovina 3.0 World 8.9131 Turkey 2.3 Europe 8.5174 Macedonia 1.2 153 Macedonia 4.5
2013 2013% share % share
7 Montenegro 28.0 18 Montenegro 51.429 Greece 13.7 22 Croatia 45.137 Croatia 12.0 36 Cyprus 27.238 Turkey 11.7 37 Greece 26.946 Cyprus 10.7 55 Turkey 16.776 Bulgaria 6.6 76 Bulgaria 12.0
Europe 4.6 80 Bosnia-Herzegovina 10.1106 Czech Republic 4.5 103 Italy 7.0
World 4.4 World 5.4115 Bosnia-Herzegovina 4.2 Europe 5.3138 Italy 3.2 121 Czech Republic 4.9170 Macedonia 2.1 131 Macedonia 4.2
Travel & Tourism InvestmentContribution to Total Capital Investment
Visitor ExportsContribution to Total Exports
Travel & Tourism's Direct Contribution to Employment
Travel & Tourism's Total Contribution to Employment
Travel & Tourism's Direct Contribution to GDP Contribution to GDP
Travel & Tourism's Total
WTTC Travel & Tourism Economic Impact 2014
Country rankings: Relative contribution,2013
8
2014 2014% growth % growth
1 Montenegro 12.6 1 Montenegro 13.29 Cyprus 9.3 26 Cyprus 7.4
42 Czech Republic 6.6 36 Czech Republic 6.850 Croatia 6.1 39 Macedonia 6.552 Turkey 6.1 53 Croatia 5.860 Macedonia 5.7 World 4.378 Bulgaria 4.8 101 Turkey 4.1
World 4.3 113 Bulgaria 3.7Europe 3.4 125 Bosnia-Herzegovina 3.3
132 Greece 3.1 134 Greece 3.0153 Italy 2.6 Europe 2.8158 Bosnia-Herzegovina 2.3 158 Italy 2.1
2014 2014% growth % growth
1 Montenegro 14.0 1 Montenegro 14.431 Czech Republic 5.5 23 Czech Republic 5.440 Croatia 4.9 34 Croatia 4.854 Bulgaria 4.3 48 Cyprus 4.364 Turkey 3.8 50 Macedonia 4.369 Macedonia 3.7 61 Bosnia-Herzegovina 3.975 Cyprus 3.4 81 Bulgaria 3.083 Bosnia-Herzegovina 3.1 88 Greece 2.7
102 Greece 2.6 World 2.5Europe 2.4 Europe 1.6World 2.2 131 Italy 1.3
123 Italy 2.0 143 Turkey 1.0
2014 2014% growth % growth
5 Bosnia-Herzegovina 14.6 10 Cyprus 11.06 Montenegro 14.3 15 Montenegro 10.07 Macedonia 13.9 30 Czech Republic 8.7
17 Czech Republic 11.6 34 Turkey 8.443 Croatia 7.9 42 Bulgaria 7.6
World 5.7 59 Croatia 6.779 Cyprus 5.4 62 Greece 6.696 Bulgaria 4.6 Europe 5.8
104 Italy 4.3 World 4.8Europe 3.8 101 Macedonia 4.4
136 Turkey 2.6 114 Italy 3.6160 Greece 0.9 130 Bosnia-Herzegovina 2.8
Travel & Tourism's Direct Contribution to Employment
Travel & Tourism's Total Contribution to Employment
Travel & TourismInvestment
VisitorExports
Travel & Tourism's Direct Contribution to GDP Contribution to GDP
Travel & Tourism's Total
Country rankings: Real growth,
2014
9WTTC Travel & Tourism Economic Impact 2014
2014 - 2024 2014 - 2024% growth pa % growth pa
2 Montenegro 8.6 1 Montenegro 8.846 Croatia 5.4 47 Bosnia-Herzegovina 5.450 Bosnia-Herzegovina 5.3 56 Cyprus 5.154 Cyprus 5.2 57 Croatia 5.165 Macedonia 5.0 60 Macedonia 5.0
103 Turkey 4.2 World 4.2World 4.2 100 Turkey 4.2
140 Greece 3.4 121 Greece 3.7Europe 2.9 Europe 2.8
163 Czech Republic 2.9 167 Czech Republic 2.6167 Bulgaria 2.8 169 Bulgaria 2.6176 Italy 2.3 177 Italy 2.0
2014 - 2024 2014 - 2024% growth pa % growth pa
4 Montenegro 5.9 3 Montenegro 6.214 Turkey 4.1 15 Cyprus 4.082 Croatia 2.4 62 Turkey 2.790 Bosnia-Herzegovina 2.3 World 2.494 Cyprus 2.2 81 Greece 2.3
100 Italy 2.1 83 Croatia 2.2World 2.0 84 Bosnia-Herzegovina 2.2
111 Macedonia 1.9 112 Macedonia 1.8117 Greece 1.7 125 Italy 1.6
Europe 1.7 Europe 1.3158 Czech Republic 0.8 166 Czech Republic 0.3178 Bulgaria -0.4 182 Bulgaria -0.9
2014 - 2024 2014 - 2024% growth pa % growth pa
1 Montenegro 8.7 6 Montenegro 7.935 Macedonia 6.0 22 Bosnia-Herzegovina 6.536 Bosnia-Herzegovina 5.9 45 Macedonia 5.651 Bulgaria 5.5 53 Cyprus 5.462 Turkey 5.1 59 Croatia 5.3
World 5.1 91 Turkey 4.371 Greece 5.0 World 4.290 Cyprus 4.5 113 Greece 3.8
Europe 3.5 Europe 3.7153 Czech Republic 2.7 148 Bulgaria 2.9154 Croatia 2.6 149 Czech Republic 2.9158 Italy 2.3 179 Italy 1.6
Travel & Tourism's Direct Contribution to GDP Contribution to GDP
Travel & Tourism's Total
Travel & Tourism's Direct Contribution to Employment
Travel & Tourism's Total Contribution to Employment
Travel & Tourism InvestmentContribution to Capital Investment
Visitor ExportsContribution to Exports
WTTC Travel & Tourism Economic Impact 2014
Country rankings: Long term growth, 2014 - 2024
10
2014
Macedonia MKDbn % of total Growth2 MKDbn % of total Growth3
Direct contribution to GDP 6.7 1.3 5.7 11.5 1.6 5.0
Total contribution to GDP 25.1 5.0 6.5 43.5 6.1 5.0
Direct contribution to employment4 8 1.2 3.7 10 1.5 1.9
Total contribution to employment4 31 4.5 4.3 39 5.7 1.8
Visitor exports 11.9 4.2 4.4 21.5 3.5 5.6
Domestic spending 7.7 1.5 7.7 12.6 1.8 4.2
Leisure spending 15.7 1.1 4.8 26.9 1.3 5.1
Business spending 4.0 0.3 9.2 7.1 0.3 5.0
Capital investment 2.9 2.1 13.9 5.9 2.6 6.012013 constant prices & exchange rates; 22014 real growth adjusted for inflation (%); 32014-2024 annualised real growth adjusted for inflation (%); 4'000 jobs
2014
Europe US$bn % of total Growth2 US$bn % of total Growth3
Direct contribution to GDP 663.7 3.1 3.4 917.9 3.3 2.9
Total contribution to GDP 1,874.4 8.7 2.8 2,552.4 9.2 2.8
Direct contribution to employment4 11,944 3.1 2.4 14,508 3.6 1.7
Total contribution to employment4 32,791 8.5 1.6 37,847 9.3 1.3
Visitor exports 530.1 5.3 5.8 805.0 5.6 3.7
Domestic spending 869.6 4.0 2.1 1,143.1 4.1 2.6
Leisure spending 1,068.1 2.3 3.4 1,497.6 2.5 3.1
Business spending 331.7 0.7 3.6 453.5 0.7 2.8
Capital investment 181.1 4.6 3.8 264.4 4.9 3.512013 constant prices & exchange rates; 22014 real growth adjusted for inflation (%); 32014-2024 annualised real growth adjusted for inflation (%); 4'000 jobs
2014
Worldwide US$bn % of total Growth2 US$bn % of total Growth3
Direct contribution to GDP 2,155.5 2.9 4.3 3,379.3 3.1 4.2
Total contribution to GDP 6,989.7 9.5 4.3 10,962.8 10.3 4.2
Direct contribution to employment4 100,893 3.4 2.2 126,255 3.7 2.0
Total contribution to employment4 265,835 8.9 2.5 346,839 10.2 2.4
Visitor exports 1,295.9 5.4 4.8 2,052.4 5.2 4.2
Domestic spending 3,220.6 4.4 4.2 5,057.1 4.8 4.2
Leisure spending 3,412.8 2.2 4.3 5,451.2 2.4 4.4
Business spending 1,103.7 0.7 4.7 1,661.1 0.7 3.7
Capital investment 753.8 4.4 5.7 1,308.5 4.9 5.112013 constant prices & exchange rates; 22014 real growth adjusted for inflation (%); 32014-2024 annualised real growth adjusted for inflation (%); 4'000 jobs
2013
2013
2013 2013 2024
2013 2024
2013 2024
% of total refers to each indicator's share of the relevant whole economy indicator such as GDP and employment. Visitor exports is shown relative to total exports of goods and services.
WTTC Travel & Tourism Economic Impact 2014 11
Summary tables:Estimates & Forecasts
1
1
1
1
1
1
Domestic spending is expressed relative to whole economy GDP. For leisure and business spending, their direct contribution to Travel & Tourism GDP is calculated as a share ofwhole economy GDP (the sum of these shares equals the direct contribution). Investment is relative to whole economy investment
2008 2009 2010 2011 2012 2013 2014E 2024F
Domestic expenditure
(includes government individual spending)
3. Internal tourism consumption(= 1 + 2 )
4. Purchases by tourism providers,
including imported goods (supply chain)
5. Direct contribution of Travel & Tourism to GDP(= 3 + 4)
Other final impacts
(indirect & induced)
6. Domestic supply chain
11. Total contribution of Travel & Tourism to GDP(= 5 + 6 + 7 + 8 + 9 + 10)
Employment impacts ('000)
12.
Other indicators
14. Expenditure on outbound travel
6.7
13.
8.9 7.3 6.9
Total contribution of Travel & Tourism to employment 28.8 28.8 27.1
3.8 4.1
8.1 8.3
25.1
5.92.8 2.9
1.61.0 1.0 1.1
7.9
Direct contribution of Travel & Tourism to employment
Imported goods from indirect spending -0.6
7.2 7.4
27.8 29.8 31.1
3.7
-0.5 -0.5
9.6 10.5 10.6
2.5 2.4
1.0 1.0
2.6
10.
-0.8 -0.5 -0.5
7.3 7.1
9.
23.5 24.0
7. Capital investment
8. Government collective spending
22.1
3.9 4.0 3.7
11.1 10.3
Induced
24.8 23.7
2.6
0.9 1.0
32.5
11.5
38.6
43.5
8.6 10.4
-0.6
4.3
26.7
11.5
7.9 7.6 7.2 7.6
20.7 18.4 17.4 19.1
18.8
-1.1
19.7 20.8 34.1
-22.5-13.0 -13.7
10.9
3.3
11.7 21.5
7.4 12.67.3
19.2
7.7 8.3
Macedonia
(MKDbn, real 2013 prices)
1. Visitor exports 11.9 11.9 12.5
2.
12.4 11.4 10.5
8.2 7.0 6.9
-12.6-13.9 -12.1 -12.6-11.5
6.8 6.3 6.7 7.15.9 6.4 6.5
WTTC Travel & Tourism Economic Impact 201412
The economic contribution ofTravel & Tourism: Real 2013 prices
2008 2009 2010 2011 2012 2013 2014E 2024F
Domestic expenditure
(includes government individual spending)
3. Internal tourism consumption(= 1 + 2 )
4. Purchases by tourism providers,
including imported goods (supply chain)
5. Direct contribution of Travel & Tourism to GDP(= 3 + 4)
Other final impacts
(indirect & induced)
6. Domestic supply chain
11. Total contribution of Travel & Tourism to GDP(= 5 + 6 + 7 + 8 + 9 + 10)
Employment impacts ('000)
12.
Other indicators
14. Expenditure on outbound travel
Historical data for concepts has been benchmarked to match reported TSA data where available.
*Concepts shown in this table align with the standard table totals as described in the 2008 Tourism Satellite Account: Recommended Methodological Framework (TSA: RMF 2008) developed by the United Nations Statistical Division (UNSD), the Statistical Officeof the European Communities (EUROSTAT), the Organisation for Economic Co-operation and Development (OECD) and the World Tourism Organization (UNWTO).
8.8
13.
7.8 6.4 6.3
Total contribution of Travel & Tourism to employment 28.8 28.8
0.9 1.0 1.1
27.1
3.5 3.6 4.1
8.1 8.3
25.1
0.8 0.9 0.9 0.9
2.4 2.3 2.2 2.2 2.5 2.9 3.4 7.8
10.3
Direct contribution of Travel & Tourism to employment
Imported goods from indirect spending -0.6
6.8 7.1
27.8 29.8 31.1
7.3
10.
-0.7 -0.4 -0.5
7.3
9.
22.1 23.1
7. Capital investment
8. Government collective spending
21.6 20.8 20.2
3.4 3.5 3.4
9.7 9.0
4.5Induced
-0.5 -0.5
8.7 9.8 10.2 10.9
32.5
15.2
38.6
57.1
8.6 10.4
2.0
27.4
11.8 24.7
7.9 7.6 7.2 7.6
16.5
21.3 44.8
-29.6
-0.6 -1.4
18.0 16.2 15.9 17.9
-12.1 -10.7 -11.8-10.5
11.0 28.3
2. 7.2 6.2 6.3 6.9 7.0 7.7 8.5
10.9 10.0 9.6
Macedonia
(MKDbn, nominal prices)
1. Visitor exports
-12.1 -13.0 -14.1
12.811.4 11.9
18.4 19.7
6.0 5.6 6.7 7.35.4 6.0 6.3
WTTC Travel & Tourism Economic Impact 2014
13
The economic contribution ofTravel & Tourism: Nominal prices
2008 2009 2010 2011 2012 2013 2014E 2024F 2
Domestic expenditure
(includes government individual spending)
3. Internal tourism consumption(= 1 + 2 )
4. Purchases by tourism providers,
including imported goods (supply chain)
5. Direct contribution of Travel & Tourism to GDP(= 3 + 4)
Other final impacts
(indirect & induced)
6. Domestic supply chain
11. Total contribution of Travel & Tourism to GDP(= 5 + 6 + 7 + 8 + 9 + 10)
Employment impacts ('000)
12.
Other indicators
14. Expenditure on outbound travel1.0
5.0
4.5
5.0
1.9
5.0
6.0
3.9
5.6
4.2
5.1
5.12.9 5.7
5.05.5 -7.5 2.3 5.7-6.9 9.6 1.3
4.4
7.6 -12.6 9.6-5.0
5.0 -8.3 -8.4 11.7
0.1
1.6
2. 9.9 -14.9 -1.2 -1.3
Macedonia
Growth1 (%)
1. Visitor exports 0.6
7.7
6.9 -10.8 -5.6 9.5 0.5 2.7 5.7
6.4
3.7
6.5
5.7
6.0
5.6
13.9
4.5
6.1
-7.5
Induced
6.5 -4.3
3.6 3.6
23.2 -5.8
12.3 4.1
-1.8
9.
6.6 2.2
7. Capital investment
8. Government collective spending
5.5
-0.93.9 1.9
2.5 7.3
10.6
4.4
1.9 -0.8
Direct contribution of Travel & Tourism to employment
Imported goods from indirect spending
-3.4 -5.6
-9.7
10.
8.5
3.9
11.4
-2.0 4.9
8.0 0.8
-6.1 -3.5
-6.9 9.6 1.3
6.6
-5.6
-6.9
-8.9
2.3
1.8 1.4 8.3
3.2
12008-2013 real annual growth adjusted for inflation (%); 22014-2024 annualised real growth adjusted for inflation (%)
13.
14.5 -18.5 -4.3
Total contribution of Travel & Tourism to employment 4.7 4.3 1.80.0 -5.9
2.5
4.2
5.2
WTTC Travel & Tourism Economic Impact 2014
14
The economic contribution ofTravel & Tourism: Growth
15WTTC Travel & Tourism Economic Impact 2014
Key DeFiniTionSTravel & Tourism relates to the activity of travellers on trips outside their usual environment with a duration of less than one year. Economic activity related to all aspects of such trips is measured within the research.
Direct contribution to GDP GDP generated by industries that deal directly with tourists, including hotels, travel agents, airlines and other passenger transport services, as well as the activities of restaurant and leisure industries that deal directly with tourists. It is equivalent to total internal Travel & Tourism spending (see below) within a country less the purchases made by those industries (including imports). In terms of the UNs Tourism Satellite Account methodology it is consistent with total GDP calculated in table 6 of the TSA: RMF 2008.
Direct contribution to employment the number of direct jobs within the Travel & Tourism industry. This is consistent with total employment calculated in table 7 of the TSA: RMF 2008.
Total contribution to GDP GDP generated directly by the Travel & Tourism sector plus its indirect and induced impacts (see below).
Total contribution to employment the number of jobs generated directly in the Travel & Tourism sector plus the indirect and induced contributions (see below).
DiReCT SPenDinG imPaCTSVisitor exports spending within the country by international tourists for both business and leisure trips, including spending on transport, but excluding international spending on education. This is consistent with total inbound tourism expenditure in table 1 of the TSA: RMF 2008.
Domestic Travel & Tourism spending spending within a country by that countrys residents for both business and leisure trips. Multi-use consumer durables are not included since they are not purchased solely for tourism purposes. This is consistent with total domestic tourism expenditure in table 2 of the TSA: RMF 2008. Outbound spending by residents abroad is not included here, but is separately identified according to the TSA: RMF 2008 (see below).
Government individual spending spending by government on Travel & Tourism services directly linked to visitors, such as cultural (eg museums) or recreational (eg national parks).
internal tourism consumption total revenue generated within a country by industries that deal directly with tourists including visitor exports, domestic spending and government individual spending. This does not include spending abroad by residents. This is consistent with total internal tourism expenditure in table 4 of the TSA: RMF 2008.
Business Travel & Tourism spending spending on business travel within a country by residents and international visitors.
Leisure Travel & Tourism spending spending on leisure travel within a country by residents and international visitors.
inDiReCT anD inDuCeD imPaCTS indirect contribution the contribution to GDP and jobs of the following three factors:
Capitalinvestment includes capital investment spending by all sectors directly involved in Travel & Tourism. This also constitutes investment spending by other industries on specific tourism assets such as new visitor accommodation and passenger transport equipment, as well as restaurants and leisure facilities for specific tourism use. This is consistent with total tourism gross fixed capital formation in table 8 of the TSA: RMF 2008.
Governmentcollectivespending general government spending in support of general tourism activity. This can include national as well as regional and local government spending. For example, it includes tourism promotion, visitor information services, administrative services and other public services. This is consistent with total collective tourism consumption in table 9 of TSA: RMF 2008.
Supply-chaineffects purchases of domestic goods and services directly by different sectors of the Travel & Tourism sector as inputs to their final tourism output.
induced contribution the broader contribution to GDP and employment of spending by those who are directly or indirectly employed by Travel & Tourism.
oTheR inDiCaToRSoutbound expenditure spending outside the country by residents on all trips abroad. This is fully aligned with total outbound tourism expenditure in table 3 of the TSA: RMF 2008.
Foreign visitor arrivals the number of arrivals of foreign visitors, including same-day and overnight visitors (tourists) to the country.
Glossary
16 WTTC Travel & Tourism Economic Impact 2014
APEC(ASiA-PACifiCEConomiCCooPErAtion)Australia, Brunei, Canada, Chile, China, Hong Kong, Indonesia, Japan, South Korea, Malaysia, Mexico, New Zealand, Papua New Guinea, Peru, Philippines, Russian Federation, Singapore, Taiwan, Thailand, USA, Vietnam.
The CommonweaLTh Anguilla, Antigua and Barbuda, Australia, Bahamas, Bangladesh, Barbados, Belize, Bermuda, Botswana, Brunei, Cameroon, Canada, Cayman Islands, Cyprus, Dominica, Ghana, Grenada, Guyana, India, Jamaica, Kenya, Kiribati, Lesotho, Malawi, Malaysia, Maldives, Malta, Mauritius, Mozambique, Namibia, Nigeria, New Zealand, Pakistan, Papua New Guinea, Rwanda, South Africa, Seychelles, Sierra Leone, Singapore, Solomon Islands, Sri Lanka, St Kitts and Nevis, St Lucia, St Vincent and the Grenadines, Swaziland, Tanzania, Tonga, Trinidad and Tobago, Uganda, UK, British Virgin Islands, Vanuatu, Zambia.
FoRmeR neTheRLanDS anTiLLeSBonaire, Curacao, Sint Maarten, Saba and Sint Eustatius.
G20Argentina, Australia, Brazil, Canada, China, European Union, France*, Germany*, India, Indonesia, Italy*, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, Turkey, UK, USA.
oaS (oRGanizaTion oF ameRiCan STaTeS)Argentina, Antigua and Barbuda, Bahamas, Barbados, Belize, Bolivia, Brazil, Canada, Chile, Colombia, Costa Rica, Cuba, Dominican Republic, Dominica, Ecuador, El Salvador, Grenada, Guatemala, Guyana, Haiti, Honduras, Jamaica, Mexico, St Kitts and Nevis, Nicaragua, Panama, Paraguay, Peru, St Lucia, St Vincent and the Grenadines, Suriname, Trinidad and Tobago, USA, Uruguay.
oeCD (oRGaniSaTion FoR eConomiC Co-oPErAtionAnddEvEloPmEnt)Australia, Austria, Belgium, Canada, Chile, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Israel, Italy, Japan, South Korea, Luxembourg, Mexico, Netherlands, New Zealand, Norway, Poland, Portugal, Slovak Republic, Slovenia, Spain, Sweden, Switzerland, Turkey, UK, USA.
meDiTeRRaneanAlbania, Algeria, Bosnia Herzegovina, Croatia, Cyprus, Egypt, France, Greece, Israel, Italy, Lebanon, Libya, Malta, Montenegro, Morocco, Serbia, Slovenia, Spain, Syria, Tunisia, Turkey, Jordan, Macedonia, Portugal.
oTheR oCeaniaAmerican Samoa, Cook Islands, French Polynesia, Guam, Marshall Islands, Micronesia (Federated States of), New Caledonia, Niue, Northern Mariana Islands, Palau, Samoa, Tuvalu.
SaDC (SouTheRn aFRiCan DeVeLoPmenT Community)Angola, Botswana, Democratic Republic of Congo (DRC), Lesotho, Madagascar, Malawi, Mauritius, Mozambique, Namibia, Seychelles, South Africa, Swaziland, Tanzania, Zambia, Zimbabwe.
*included in European Union
WTTC has an on-going commitment to align its economic impact research with the UN Statistics Division-approved 2008 Tourism Satellite Account: Recommended Methodological Framework (TSA:RMF 2008) and makes small revisions annually, following a full refinement in 2011. This has involved further benchmarking of country reports to official, published TSAs, including for countries which are reporting data for the first time, as well as to existing countries reporting an additional years data. New country TSAs incorporated this year were Iceland, Serbia, UAE and the UK. In addition to producing reports on 184 countries, we also produce a world report and reports on 23 other geographic regions, sub-regions and economic and geographic groups. This year there are 7 reports for special economic and geographic groups.
methodological note
17WTTC Travel & Tourism Economic Impact 2014
economic impact reports:regions,sub-regionsandcountries
woRLD
Region Sub- Region CountRy
AfRi
CA
noRt
h
AfRi
CA
AlgeriaEgyptLibyaMoroccoTunisia
Sub-
SAhA
RAn
AngolaBeninBotswanaBurkina FasoBurundiCameroonCape VerdeCentral African RepublicChadComorosDemocratic Republic of CongoEthiopiaGabonGambiaGhanaGuineaIvory CoastKenyaLesothoMadagascarMalawiMaliMauritiusMozambiqueNamibiaNigerNigeriaRepublic of CongoReunionRwandaSao Tome & PrincipeSenegalSeychellesSierra LeoneSouth AfricaSudan
Swaziland
Tanzania
Togo
Uganda
ZambiaZimbabwe
Region Sub-Region CountRy
euRo
pe
euRo
peAn
uni
on
Lithuania
Luxembourg
Malta
Netherlands
Poland
Portugal
Romania
Slovakia
Slovenia
Spain
Sweden
UK
othe
R eu
Rope
Albania
Armenia
AzerbaijanBelarus
Bosnia Herzegovina
GeorgiaIcelandKazakhstanKyrgyzstanMacedoniaMoldovaMontenegroNorwayRussian FederationSerbiaSwitzerlandTurkeyUkraineUzbekistan
Mid
dle
eASt
Bahrain
Iran
Iraq
Israel
Jordan
Kuwait
Lebanon
Oman
Qatar
Saudi Arabia
Syria
UAE
Yemen
Region Sub-Region CountRy
ASiA
-pAC
ifiC
noRt
heAS
t AS
iA
JapanChinaHong KongSouth KoreaMacauTaiwanMongolia
oCeA
niA
AustraliaNew ZealandFijiKiribatiOther OceaniaPapua New GuineaSolomon IslandsTongaVanuatu
Sout
h AS
iA
BangladeshIndiaMaldivesNepalPakistanSri Lanka
Sout
heAS
t AS
iA
BruneiCambodiaIndonesiaLaosMalaysiaMyanmarPhilippinesSingaporeThailandVietnam
euRo
pe
euRo
peAn
uni
on
Austria BelgiumBulgariaCroatiaCyprusCzech RepublicDenmarkEstoniaFinlandFranceGermanyGreece HungaryIrelandItalyLatvia
Region Sub- Region CountRy
AMeR
iCAS
CARi
bbeA
n
AnguillaAntigua & BarbudaArubaBahamasBarbadosBermudaCayman IslandsCubaFormer Netherlands AntillesDominicaDominican RepublicGrenadaGuadeloupeHaitiJamaicaMartiniquePuerto RicoSt Kitts & NevisSt LuciaSt Vincent & the GrenadinesTrinidad & TobagoUK Virgin IslandsUS Virgin Islands
lAti
n AM
eRiC
A
ArgentinaBelizeBoliviaBrazilChileColombiaCosta RicaEl SalvadorEcuadorGuatemalaGuyanaHondurasNicaraguaPanamaParaguayPeruSurinameUruguayVenezuela
noRt
h AM
eRiC
A CanadaMexicoUSA
18 WTTC Travel & Tourism Economic Impact 2014
The woRLD TRaVeL & TouRiSm CounCiL iS The FoRum FoR BuSineSS LeaDeRS in The TRaVeL & TouRiSm inDuSTRy.With the Chairs and Chief Executives of more than 100 of the foremost Travel & Tourism companies as its Members, WTTC has a unique mandate and overview on all matters related to Travel & Tourism.
WTTC works to raise awareness of Travel & Tourism as one of the worlds largest sectors, supporting over 266 million jobs and generating 9.5% of global GDP in 2013.
Together with its research partner, Oxford Economics, WTTC produces comprehensive reports on an annual basis to quantify, compare and forecast the economic impact of Travel & Tourism on 184 economies around the world. It also publishes a World report highlighting global trends, as well as reports on regions, sub-regions and economic and geographic groups.
To download the reports or spreadsheets of the data, visit www.wttc.org
aSSiSTinG wTTC To PRoViDe TooLS FoR anaLySiS, BenChmaRKinG, FoReCaSTinG anD PLanninG.Over the last 30 years, Oxford Economics has built a diverse and loyal client base of over 700 international organisations, including leading multinational companies and financial institutions; key government bodies and trade associations; and top universities, consultancies, and think tanks. Headquartered in Oxford, England, with regional centres in London, New York and Singapore, Oxford Economics has offices across the globe in Belfast, Chicago, Dubai, Miami, Milan, Paris, Philadelphia, San Francisco, and Washington DC. The company employs over 130 full-time people, including more than 80 professional economists, industry experts and business editors one of the largest teams of macroeconomists and thought leadership specialists underpinned by our heritage with Oxford University and the academic community including a contributor network of over 500 economists, analysts and journalists around the world.
For more information, please take advantage of a free trial on our website, www.oxfordeconomics.com , or contact Frances Nicholls, Head of Business Development, Oxford Economics Ltd, Broadwall House, 21 Broadwall, London SE1 9PL.
Tel: email: [email protected]
ChaiRman
TUI DEUTSCHLAND GMBH& TUIFLY GMBHDr michael FrenzelChairman of the Supervisory Boards
PReSiDenT & Ceo
WORLD TRAVEL &TOURISM COUNCILDavid Scowsill
ViCe ChaiRmen
BEIJING TOURISM GROUPDuan QiangChairman
ETIHAD AIRWAYSJames hoganCEO
JUMEIRAH GROUPGerald LawlessPresident & Group CEO
MANDARIN ORIENTALedouard ettedguiGroup Chief Executive
RIOFORTE INVESTMENTS SAmanuel Fernando esprito SantoChairman
SILVERSEA CRUISESmanfredilefebvredovidiodiBalsorano de ClunieresChairman
THE TRAVEL CORPORATIONBrett TollmanPresident & Chief Executive
WYNDHAM WORLDWIDEStephen P holmesChairman & CEO
eXeCuTiVe CommiTTee
ABERCROMBIE & KENTGeoffreyJWKentFounder, Chairman & CEO
ACCORSbastien BazinCEO
AMERICAN EXPRESS COMPANYwilliam GlennPresident & CEO of American Express Global Business Travel
BHARAT HOTELSJyotsna SuriChairperson & Managing Director
CARLSONDouglas andersonPresident & CEO Carlson Wagonlit Travel
EMIRATESGary ChapmanPresident Group Services & Dnata, Emirates Group
HILTON WORLDWIDEChristopher J nassettaPresident & CEO
INTERCONTINENTAL HOTELS GROUPRichard SolomonsChief Executive
JTB CORPhiromi TagawaPresident & CEO
MARRIOTT INTERNATIONALJw marriott, JrChairman
arne m SorensonPresident & CEO
OUTRIGGER ENTERPRISES GROUPDr Richard R KelleyChairman Emeritus
REVOLUTION PLACESPhilippe BourguignonVice Chairman
SABRE HOLDINGSTom KleinPresident
SHUN TAK HOLDINGSPansy hoManaging Director
TRAVEL GUARD WORLDWIDEJeffreyCrutledgeChairman & CEO
TRAVELPORTGordon wilsonPresident & CEO
TSOGO SUN GROUPJabu mabuzaDeputy Chairman
VISITBRITAINChristopher Rodrigues, CBeChairman
GLoBaL memBeRS
ABU DHABI TOURISM &CULTURE AUTHORITYmubarak hamad al muhairiDirector General
AEROMEXICOandrs Conesa LabastidaCEO
AGODARob RosensteinCEO
ALL NIPPONS AIRWAYS (ANA)Shinichiro itoPresident & CEO
ALTOURalexandre ChemlaPresident
AMADEUS IT GROUP SALuis marotoPresident & CEO
AVIS BUDGET GROUPRonald L nelsonChairman & CEO
BEIJING CAPITALINTERNATIONAL AIRPORT CODonG zhiyiChairman
zhanG GuanghuiPresident & CEO
BEIJING TOURISM GROUPLiu yiPresident
BEST DAY TRAVELmiguel ortizChairman & Founder
BRITISH AIRWAYSKeith williamsChief Executive Officer
CANNERY ROW COMPANYTed J BalestreriChairman & CEO
CHANGI AIRPORT GROUPLee Seow hiangCEO
CHICAGO DEPARTMENT OF AVIATIONRosemarie S. andolinoCommissioner
CHINA INTERNATIONAL TRAVEL SERVICE, HEAD OFFICE (CITS)yu ningningPresident
CHINA SOUTHERN AIRLINESTan wangengPresident & CEO
CHIMELONGSu zhigangChairman & CEO
Chen wanchengPresident
COSTA CRUISESPier Luigi FoschiChairman of the Board
CORPORATE TRAVEL SERVICESJose Luis CastroFounder & CEO
CROWN LIMITEDRowen CraigieManaging Director & CEO
CTRIP.COM INTERNATIONALFan minVice Chairman of the Board and President
DEPARTMENT OF TOURISM & COMMERCE MARKETING, GOVERNMENT OF DUBAIH.E.HelalSaeedKhalfan al marriDirector General
DIAMOND RESORTSStephen J CloobeckFounder & Chairman
DUBAILANDmohammed al habbaiCEO
DUBAI AIRPORTS INTERNATIONALPaulGriffithsCEO
EAST JAPAN RAILWAY COMPANYSatoshi SeinoChairman & Director
EXPEDIA INCDara KhosrowshahiPresident & CEO
FAIRMONT HOTELS & RESORTSJenniferfoxPresident
FINTRAXJohn mooreChairman
GLOBAL BLUE GROUPPer SetterbergPresident & CEO
GLOBAL LEISURE PARTNERSmark harmsChairman & CEO
GREATER TORONTO AIRPORTS AUTHORITYhoward engPresident & CEO
HERTZ CORPORATIONmark FrissoraChairman & CEO
michel TaridePresident, Hertz International
HNA GROUPChen FengChairman of the Board
HOGG ROBINSON GROUPdavidradcliffeChief Executive
HONG KONG & SHANGHAI HOTELSClement KwokCEO & MD
HUANGSHAN TOURISM GROUPhuanG LinmuPresident and Chairman of the Board
HYATT HOTELS CORPORATIONmark S hoplamazianPresident and CEO
IBMmartySalfenGeneral Manager, Global Travel & Transportation Industry
INDIAN HOTELS COMPANYRK Krishna KumarVice Chairman
INTERNATIONAL AIRLINES GROUPwillie walshChief Executive
INTERSTATE HOTELS & RESORTSJim abrahamsonCEO
JAPAN AIRLINES CO. LTDmasaru onishiChairman
KERZNER INTERNATIONALalan LeibmanCEO
JONES LANG LASALLE HOTELSarthur de haastChairman Hotels & Hospitality Group
LEBUA HOTELS & RESORTSRattawadee BualertPresident
Deepak ohriCEO
LOEWS HOTELSJonathan m TischChairman & CEO
LOS ANGELES WORLD AIRPORTSGina marie LindseyExecutive Director
LOTTEdong-BinShinChairman
MELI HOTELS INTERNATIONALSebastin escarrerVice Chairman
MESSE BERLIN GMBHChristian GkePresident & CEO
MGM RESORTSINTERNATIONALJim murrenCEO
MISSION HILLS GROUPDr Ken ChuChairman & CEO
ORBITZ WORLDWIDEBarneyHarfordCEO
OTI HOLDINGayhan BektasChairman
OZALTIN HOLDINGznur zdemirVice Chairman
PAN PACIFIC HOTEL GROUPBernold SchroederCEO
PEAK ADVENTURE TRAVELDarrell wadeCEO
QUNARzhuanG ChenchaoCo-Founder & CEO
RADISSON EDWARDIAN HOTELSJasminder SinghChairman & CEO
REED TRAVEL EXHIBITIONSRichard mortimoreManaging Director
RELAIS & CHTEAUXPhilippe GombertPresident International, Chairman of the Board
ROYAL CARIBBEAN CRUISESRichard D FainChairman & CEO
R TAUCK & PARTNERSRobin TauckPresident
S-GROUP CAPITALMANAGEMENTVladimir yakushevManaging Partner
SHANGRI-LA INTERNATIONAL HOTEL MANAGEMENTGreg DoganPresident & CEO
SHANGHAI JIN JIANGINTERNATIONAL HOTELSyanG weiminCEO
SHANGHAI SPRING INTERNATIONAL TRAVEL SERVICESXiao QianghuiGeneral Manager
SOUTH AFRICAN AIRWAYSmonwabisi KalaweCEO
STARWOOD HOTELS & RESORTS WORLDWIDEFrits D van PaasschenPresident & CEO
TAJ HOTELS RESORTS & PALACESRaymond BicksonManaging Director & CEO
TAP PORTUGALFernando PintoCEO
TRAVEL LEADERSmichael BattChairman & CEO
TURKISH AIRLINESTemel KotilCEO
UNITED AIRLINESJeffSmisekPresident & CEO
Jim ComptonVice Chairman & Chief Revenue Officer
VALUE RETAILDesiree BollierCEO
VIRTUOSOmatthew D upchurch CTCCEO
WILDERNESS SAFARISKeith VincentCEO
ZAGAT SURVEY LLCTim zagatCo-Founder, Co-Chair & CEO
inDuSTRy PaRTneRS
BOSTON CONSULTING GROUPachim FechtelSenior Partner & Managing Director
THE COCA-COLA COMPANYStefaniedmillerGroup Vice President, Strategic Partnership Marketing
DELOITTEadam weissenbergVice Chairman & Partner, Deloitte & Touche LLP
ECOLABmichael hickeyExecutive Vice President and President, Global Institutional
GOOGLERob TorresManaging Director for Travel
JCBKoremitsu SannomiyaPresident & Chief Operating Officer
SPENCER STUARTJerry noonanGlobal Consumer Leader
TOSHIBA CORPORATIONatsutoshi nishidaChairman of the Board
VISA WORLDWIDEelizabeth BuseGroup President, APCEMEA
ReGionaL memBeRS
ABACUSRobert BaileyPresident & CEO
ALPITOURGabriele BurgioCEO
AMBASSADOR HOTEL GROUPJung-HoSuhChairman
APPLE LEISURE GROUPalex zozayaCEO
DIETHELM TRAVELRichard BrouwerCEO
DOURO AZULmario FerreiraCEO
EL CID RESORTSCarlos BerdeguCEO
GRUPO MASOesteban TorbarCEO
JA RESORTS AND HOTELSDavid ThomsonCOO
MAKEMYTRIP.COMDeep KalraFounder & Chief Executive
MINOR HOTEL GROUPDillip RajakarierCEO
NORTHERN CAUCACUS RESORTSSergey Victorovich VereshchaginDirector General
NRMA GROUPTony StuartCEO
PALACE RESORTSJos Chapur zahoulPresident
ROTANA HOTEL MANAGEMENTCORPORATIONSelim el zyrPresident & CEO
SENTOSA DEVELOPMENTCORPORATIONmike BarclayCEO
SHKP HOTELSRicco De BlankCEO
SWAIN TOURian SwainPresident
THOMAS COOK INDIAmadhaven menonManaging Director
TREND OPERADORA LTDALuis Paulo LuppaCEO
honoRaRy memBeRS
ACCORGrard PlissonCo-Chairman,Supervisory Board
AMERICAN EXPRESS COMPANYJonathan S LinenAdviser to Chairman
ANDR JORDAN GROUPandr JordanChairman
THE HERTZ CORPORATIONFrank olsenRetired Chairman of the Board
TOSCANA VILLE & CASTELLITommaso zanzottoPresident
UNIVERSAL MEDIACarl RudermanChairman
ChaiRman emeRiTuS
RRE VENTURESJames D Robinson iiiGeneral PartnerWTTC Chairman (1990-1994)
immeDiaTe PaST ChaiRman
ABERCROMBIE & KENTGeoffreyJWKentFounder, Chairman & CEOWTTC Chairman (2007-2012)
FoRmeR ChaiRmen
GLOBAL ALLIANCE ADVISORS LLCvincentAWolfingtonChairman
WTTC Chairman (2004-2007)INTERCONTINENTAL HOTELS GROUPSir ian ProsserRetired ChairmanWTTC Chairman (2001-2003)
AMERICAN EXPRESSharvey GolubRetired Chairman & CEOWTTC Chairman (1996-2001)
ROBERT H BURNS HOLDINGSRobert h BurnsChairmanWTTC Chairman (1994-1996)
immeDiaTe PaST PReSiDenT
CREWE ASSOCIATESJean-ClaudeBaumgartenChairman & MD
Harlequin Building65 Southwark Street
London, SE1 0HRUnited Kingdom
Telephone: +44 (0)20 7481 8007Fax: +44 (0) 207 488 1008Email: [email protected]
www.wttc.org