Every year the authority on world travel & tourism (World Travel and Tourism Council – WTTC) does an annual research with statistical data including:
• GDP: Direct contribution
• GDP: Total contribution
• EMPLOYMENT: DIRECT CONTRIBUTION
• EMPLOYMENT: TOTAL CONTRIBUTION
• VISITOR EXPORTS
• INVESTMENT
• WORLD RANKING (OUT OF 184 COUNTRIES)
Travel & Tourism’s contribution to GDP
Source: WTTC Travel & Tourism Economic Impact 2015
As is reflected on the grafics you can see the direct contribution of Travel & Tourism to GDP is expected to grow by 3.8% pa to RON15.9bn (1.6% of GDP) by 2025.
The data reflects the economic activity generated by industries such as hotels, travel agents, airlines and other passenger transportation services.
Visitor Exports
Visitor exports – a key fact that represents the spending within the country by international tourists for both business and leisure trips, including spending on transport.
Source: WTTC Travel & Tourism Economic Impact 2015
By 2025, international tourist arrivals are forecast to total 10,200,000, generating expenditure of RON14.4bn, an increase of 6.3% pa.
Leisure spending vs Business spending
Source: WTTC Travel & Tourism Economic Impact 2015
Leisure travel spending generated 69.1% of direct Travel & Tourism GDP in 2014 compared with 30.9% for business travel spending.
Business travel spending is expected to grow by by 8.1% pa to RON13.6bn in 2025. On the other side leisure travel spending is expected to grow by 1.6% pa to RON16.6bn in 2025.
WTTC promotes sustainable growth for the sector, working with governments and international institutions to create jobs, to drive exports and to generate prosperity.