The World Travel & Tourism Council (WTTC) has revealed the travel and tourism sector in France will propel the national economic recovery and could even surpass pre-pandemic levels next year, when it is projected to rise 2.2% above 2019 levels.
The forecast from WTTC’s latest Economic Impact Report (EIR) shows the sector’s contribution to GDP could reach more than €216 billion by next year.
Employment within the sector could also exceed 2019 levels, creating almost 90,000 additional jobs, representing nearly 2.8 million by the end of next year.
According to the global Tourism body’s latest data, travel and tourism’s GDP is expected to grow at an average of 2.8% annually over the next decade, more than twice the 1.3% growth rate of the country’s overall economy, to reach nearly €264 billion (9% of the total economy).
The forecast also reveals the travel and tourism sector in France, is expected to create more than 385,000 jobs in the next 10 years, averaging over 38,000 new jobs every year, reaching more than three million employed within the sector by 2032.
Read the full article at Breaking Travel News