The global tourism body is forecasting that the sector will grow its GDP contribution to nearly €237BN by 2033, almost 12% of the Italian economy and will employ over 3.3MN people across the country, with one in seven Italians working in the sector.
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New travel formats like eco-tourism, solo travel, e-tourism, micro-adventures, and life-long travel are emerging to meet increasingly fragmented and personalised needs. Players in the industry continue to push the boundaries by exploring new relationships with time, space, and purpose.
Outlook overviewIndeed, the World Travel & Tourism Council (WTTC) forecasts that the global travel and tourism sector will reach US$9.5 trillion in 2023 — just 5% below 2019 pre-pandemic levels.
A resounding 87% of survey respondents expect to travel at least as much as they did in the prior year, with 49% selecting that they expect to travel more. This is especially true among younger respondents, with 59% of those between the ages of 18 to 26 planning to travel more in 2023.
Key takeaways: Global leisure travel remains robust, up roughly 31% in March 2023 compared to the same period in 2019, representing an impressive 25% year-over-year-to-date change from 2022 to 2023.
Towards 2030, the metaverse will enable visitors to mentally teleport themselves to destinations, regardless of time, financial resources and physical abilities. Individuals will seamlessly move between integrated digital and physical realities, where the engagement with travel becomes a part of daily life.
Tourism in the year 2050 will be by far the largest industry worldwide. Interna- tional arrivals will amount to 2 billion tourists per year and international receipts will reach a 2.1 trillion US$ (expressed in 1999 dollars) per year.
Towards 2030, the metaverse will enable visitors to mentally teleport themselves to destinations, regardless of time, financial resources and physical abilities. Individuals will seamlessly move between integrated digital and physical realities, where the engagement with travel becomes a part of daily life.
It is possibly one of the most sought-after destinations in the world when it comes to both quick holidays and long, slow vacations. It's also known for its many facets: the rich culture, the millenary history, the delicious cuisine and stunning and widely varied natural scenery.