France’s Travel & Tourism Sector Could Mark Nearly 35% Increase This Year

France’s travel and tourism sector could post an overall rise of 34.9 percent this year, representing a growth of €38 billion, according to the latest research by the World Travel and Tourism Council (WTTC).

The WTTC also confirmed that the travel and tourism industry’s increase this year could reach the overall recovery in Europe of 23.9 percent and the global recovery of 30.7 percent, TheSchengen.com reports.

The contribution of the French travel and tourism sector to GDP made up a total of €211 billion, or 8.5 percent of the country’s economy, in 2019.

The report also stressed that in 2020, when the coronavirus had a major impact on other countries, the contribution to the travel and tourism industry fell to 108 billion euros or 4.7 percent of the national economy.

In addition, according to the report, France could see an annual growth of 21.8 percent in 2022, which will lead to an increase of 32 billion euros in the country’s economy.

According to the report, although domestic travel has helped the economy, it is not enough to achieve the full recovery required to save its economy as well as the millions of jobs lost due to the Corona virus pandemic.

The World Trade Center asserted that while domestic spending could increase by 56.6 percent year-on-year, in 2021, international spending could decline by 1.9 percent this year.

The travel and tourism sector supported nearly 2.7 million jobs before the coronavirus outbreak.

Despite losing nearly 200,000 jobs last year, research shows employment will remain stagnant through this year.

Julia Simpson, President and CEO of WTTC, noted in this regard: “Our recent research shows that the travel and tourism sector in France is beginning to recover faster than its neighbors although there is still a long way to go.”

In addition, Simpson emphasized that in the past year, the pandemic has left thousands of people out of work in France. She added that this year, although employment remains flat, it is expected to see an increase in France’s travel and tourism industry next year, as long as the country keeps its doors open for immunized travelers.

The research showed that the future of the travel and tourism industry could be much brighter if the country’s government fulfills the following requirements:

Allow fully vaccinated travelers to move freely, despite their country of origin. Vaccines in countries around the world implement health and safety protocols in order to enhance customer confidence

According to the WTTC, if these measures are followed before the end of this year, the impact on the economy and jobs across France could be necessary.

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Source: schengenvisainfo.com

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