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
• WORLD RANKING (OUT OF 184 COUNTRIES)
Travel & Tourism’s contribution to GDP
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 – a key fact that represents the spending within the country by international tourists for both business and leisure trips, including spending on transport.
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
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.