Tourism & Leisure is one of the largest and fastest-growing sectors, with an important social, economic and cultural role worldwide. Serving an increasing number of destinations and international tourists, it is a major driver for socio-economic progress through the creation of employment, foreign exchange generation and infrastructure development. It also has a wide-ranging impact on a number of related sectors – from construction to transportation and telecommunications.
Activities associated with Tourism & Leisure are travel arrangement and reservation services, and a variety of arts, entertainment and recreational services provided by companies and individuals, museums, historical sites, amusement and theme parks, and gambling companies. It also includes accommodation, food-service and drinking establishments.
The direct and indirect economic contribution of Brazil’s tourism and leisure sector reached BRL 551.5bn (USD 139.9bn) in 2019 or 7.7% of the country’s GDP, according to the World Travel and Tourism Council (WTTC). The sector has a major ...View more details
Tourism is among China’s most important sectors, with total contribution amounting to RMB 9.9tn or 11% of GDP. China’s tourism sector has been dominated by domestic travel over the last decade, supported by rising disposable income, ...View more details
Brazil’s tourism sector has solid growth potential thanks to the country’s diverse natural and cultural resources, which were ranked among the top ten in the world by the 2019 Travel and Tourism Competitiveness Report by the World ...View more details
Russia’s vast territory, wide range of tourist attractions and proximity to European and Asian markets offer strong growth potential for the country’s tourism sector. However, high entry barriers, underdeveloped transport infrastructure ...View more details
Indonesia’s tourism industry is an important driver of economic growth, job creation and foreign exchange income. The total contribution of travel and tourism to the country’s gross domestic product (GDP) stood at 6% in 2018, ...View more details
Indonesia’s tourism industry is an important driver of economic growth, job creation and foreign exchange income. The total contribution of travel and tourism to the country’s gross domestic product (GDP) stood at 6% in 2018, according to ...View more details
Tourism and leisure contributed MYR 84.1bn (5.9% of GDP) directly to Malaysia’s economy in 2018, making it a priority sector for the government which has allocated a single ministry – the Ministry of Tourism and Culture ...View more details
Colombia’s tourism sector has significant growth potential due to the country’s natural and cultural resources. The recent demobilisation of the insurgent group FARC has stimulated demand for tourist services due to an improved security ...View more details
India’s IT industry consists of IT services and Hardware and Business Process Management (BPM). Ecommerce has been part of the BPM segment of this industry since FY2013. The IT-BPM sector is largely export-driven. Software accounted for 74.5% ...View more details
The tourism sector in Brazil has significant growth potential thanks to the country’s sector-relevant natural resources, which were recognised as the most abundant in the world in the 2017 Travel and Tourism Competitiveness Report by the World ...View more details