Global tourism revenue to total 5.8 trillion USD this year, surpassing pre-pandemic level: report

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Global tourism revenue is estimated to total 5.8 trillion U.S. dollars in 2024, marking an increase of 139.6 percent over the pre-pandemic level in 2019, according to a report released by an international tourism summit held here.

The Report on World Tourism Economy Trends (2024) predicted that international tourist arrivals would amount to 13.579 billion in number this year, recovering to 103.9 percent of 2019.

At the same time, the report called for efforts by the global tourism industry to turn challenges from technology advancements and climate change into growth opportunities, proactively incorporating them into reshaping the industry.

The World Tourism Cities Federation Wellington Fragrant Hills Tourism Summit 2024, scheduled for Monday and Tuesday, was jointly sponsored by the World Tourism Cities Federation (WTCF) and the Wellington City Council. The WTCF, founded in 2012 on the initiative of Beijing, is the world’s first international tourism organization focusing on cities.

This year’s summit themed “Promoting Sustainable City Tourism: Innovation and Enhancement”, featured keynote speeches, panel discussions, and tourism fairs, among others. Its discussions focused on an innovative development of global tourism industry in the new era.

Tourism has emerged as a pillar industry for global economic growth, Sima Hong, executive vice chair of the WTCF Council and deputy mayor of Beijing, told the opening ceremony.

She said that the global tourism industry is facing challenges concerning environmental protection, cultural heritage protection, and tourism safety as the industry rapidly expands.

Sima called for deepened international exchanges and partnerships in cultural and tourism industries, commitment to green development, and elevating the tourist experience through technology empowerment, to foster stability, resilience, and prosperity of the tourism sector. Source: Xinhua

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