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World video travel guide
News • Great Britain • 2011-09-27
World Tourism Day: Travel & Tourism a driver of world economic revival
The World Travel & Tourism Council today urged Governments to recognise the vast economic and social contribution of Travel & Tourism - particularly as a driver of sustainable economic growth and revival.
Speaking on World Tourism Day, David Scowsill, President & CEO, World Travel & Tourism Council, said:
\"Today, on World Tourism Day, we call on Governments around the world to recognise the central role that our industry plays in their economies today, as well as its leading role as a driver of global sustainable economic recovery.
Travel & Tourism acts as a universal bridge connecting people, cultures and communities all over the world. And at the same time, Travel & Tourism is a world leader in contributing to the global economy by creating jobs, generating wealth, and improving the quality of life of its citizens. Many Governments understand this. Unfortunately, many others do not.
While we fully support the efforts made by some Governments to reduce their debt burdens, we do not believe it is good economics to overly tax an industry that is a driver of growth and recovery as taxes on Travel & Tourism tend to do more harm than good economically. We also urge Governments to implement sensible visa policies which balance the understandable requirements of homeland security with the needs of a sustainable Travel & Tourism industry.
The World Travel & Tourism Council was formed over 20 years ago by the heads of some of the largest private Travel & Tourism companies in the world to ensure that Governments, the media and the society understood the enormous economic and social contribution of Travel & Tourism.
That is still our aim today. Our Membership still consists of the heads of the largest and most influential private companies in world Travel & Tourism. Together our industry accounts for 9% of the world’s Gross Domestic Product – and accounts for 260 million jobs. This makes Travel & Tourism bigger than the Automotive sector and just behind the Banking industry. It is a huge driver of world trade and can play a sizeable role in the recovery of the global economy.\"
David Scowsill was speaking at the Hotel Investment Conference Africa.
