Posted by Alumni from WEF
May 22, 2024
With mounting challenges to our societies ' conflict, geopolitical tension, climate change and rising inequality ' we should look to the 17 Sustainable Development Goals (SDGs) and their promise of a shared blueprint for peace, prosperity, people and planet by 2030. However, as UN Secretary General Antonio Guterres reminds us, 'that promise is in peril' with the impact of the COVID-19 pandemic having stalled three decades of steady progress. International tourists reached 88% of pre-pandemic levels in 2023. Around 1.3 billion tourists travelled internationally, with total tourism exports of $1.6 trillion, almost 95% of the $1.7 trillion recorded pre-pandemic. Preliminary estimates indicate that tourism's direct gross domestic product (GDP) reached $3.3 trillion, the same as 2019, as per our World Tourism Barometer. Yet, persisting inflation, high interest rates, volatile oil prices and disruptions to trade could impact the pace of recovery. Uncertainty derived from ongoing Russian... learn more
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