Travel To Make Up 1 In 9 Jobs By 2033 With $15.5T Economy: Report
Portfolio Pulse from Shivani Kumaresan
By 2033, the travel industry is expected to account for more than 11.6% of the global economy, totaling $15.5 trillion, according to the World Travel & Tourism Council (WTTC). The industry is projected to provide employment to 430 million people, making up 1 in every 9 jobs worldwide. The U.S. travel industry will reach $3 trillion by 2033, representing 10.1% of the economy, while China's sector will grow to $4 trillion, accounting for 14.1% of the country's economy.
August 21, 2023 | 3:35 pm
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POSITIVE IMPACT
Airbnb (ABNB) could benefit from the projected growth in the travel industry as it is a major player in the sector.
As a major player in the travel industry, Airbnb is likely to benefit from the projected growth in the sector. The company's revenues could increase as more people travel and use its services.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Delta Airlines (DAL) could see an increase in its revenues due to the projected growth in the travel industry.
Delta Airlines, being a major airline, is likely to benefit from the projected growth in the travel industry. The company could see an increase in its revenues as more people travel.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Disney (DIS) could see a boost in its theme park revenues due to the projected growth in the travel industry.
Disney, with its theme parks and resorts, is likely to benefit from the projected growth in the travel industry. The company could see an increase in its revenues as more people travel and visit its parks.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80