Travel & Tourism

Jobs generated by Travel & Tourism are spread across the economy in retail, construction, manufacturing, and telecommunications, as well as directly in Travel & Tourism companies. These jobs employ a large proportion of women, minorities, and young people, are predominantly in small and medium-sized companies, and offer good training and transferability. Tourism can also be one of the most effective drivers of regional economic development. These patterns apply to both developed and emerging economies. There are numerous examples of Travel & Tourism acting as a catalyst for conservation, environmental improvement, and the maintenance of local diversity and culture. Travel & Tourism creates jobs and wealth and has tremendous potential to contribute to economically, environmentally and socially sustainable development in both developed countries and emerging nations. It has a comparative advantage in that its start-up and running costs can be low compared to many other forms of industrial development in the long term.