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.
Colombia’s tourism sector plays an increasingly important role in the national economy, being now among the main sources of foreign revenue for the country, behind mineral and agricultural commodities exports. It also offers ...View more details
Estimated at USD 84bn in 2019, Russia’s tourism and leisure sector ranks among the 20 largest globally. However, its total contribution to GDP is 5%, which is far below the global average that year of 10.3%. The sector still has ...View more details
The government of Indonesia recognises the tourism industry as a vital driver of economic growth and is trying to work towards its development. The sector is being seen as much as an important contributor to employment as ...View more details
India’s tourism sector has witnessed remarkable growth over the last couple of decades and has emerged as a key contributor to the country’s economic growth. According to the World Travel and Tourism Council (WTTC), India ...View more details
The Philippines’ tourism sector has been the focus of President Rodrigo Duterte’s Government as one of the key sectors of economic development. Government intentions are visible in various tourism development plans ...View more details
Tourism is an important source of revenues for Thailand’s economy, accounting for 19.7% of GDP and about 16% of total employment in 2019, according to the World Travel and Tourism Council (WTTC). The number of foreign tourists ...View more details
The tourism and leisure sector is and will be a one of the top contributors to Malaysia’s economy in years to come, putting the onus on the government to invest heavily in the sector. Malaysia’s location makes it a favourable destination ...View more details
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