Mexico Metropolis. This 2024, the journey and tourism sector will contribute 385.9 billion {dollars} to the Gross Home Product (GDP) of Latin America, which can suggest a development of 6 % in comparison with what was reported in 2019, the 12 months earlier than the pandemic, anticipated the World Journey and Tourism Council (WTTC).
In response to the newest examine carried out by the world group, finished together with Oxford Economics, on the finish of this 12 months, the sector will present one in each 12 jobs within the area with a complete of 18 million 200 thousand jobs.
The examine predicts that the spending of worldwide guests within the Latin American area, wherein Mexico is included, will attain an quantity of 60.5 billion {dollars}, a rise of 5.5 % in comparison with the interval earlier than the pandemic and 11 % if in comparison with 2023.
In the meantime, home tourism, one of many drivers of the restoration of the sector within the area in recent times because of the opening of world locations, might attain an expenditure of 226 billion {dollars}, which can signify a rise of seven.5 %. % in comparison with 2019.
The examine additionally exhibits that in 2023, the journey and tourism sector contributed 367.4 billion {dollars} to Latin America’s GDP, which represented a rise of three.7 billion {dollars} in comparison with 2019 and represented 7.8 % of the whole financial system of the area.
In response to the examine, the sector generated 17,33 million jobs within the area, which represented a rise of 110,000 jobs in comparison with 2019.
“The projection for the journey and tourism sector in Latin America in 2024 may be very optimistic; It’s a reflection of the area’s huge potential to spice up financial growth and generate job alternatives. The expansion of tourism in Latin America not solely exceeds pre-pandemic numbers, but additionally demonstrates the resilience and flexibility of the sector,” stated Julia Simpson, president and normal director of the WTTC.
The examine additionally estimates that by 2034, the sector within the Latin American area will contribute $498 billion to the financial system, which can signify 8.3 % of the regional GDP.
It can additionally signify a pillar for the technology of jobs, offering employment to 22 million 43 thousand folks, and on this means, 9.6 % of the workforce in Latin America can be represented by the journey and tourism sector.
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– 2024-05-20 21:42:00
