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Wednesday, 15 April 2015

WTTC Global Summit 2015: Tourism industry urged to address talent shortage

Over 14 million jobs globally are at risk in the tourism industry, if governments and private sector companies do not act now to address the talent shortage in the industry.
Research conducted for the World Travel & Tourism Council by Oxford Economics shows that the industry could employ 14 million fewer people and contribute $610 billion less in GDP to the world economy over the next ten years, when compared to accepted growth forecasts, if government and private companies fail to implement policies which promote proactive and careful talent management.

Tourism currently sustains 266 million jobs, once the indirect and induced impacts are taken into consideration, a figure projected to rise to 347 million by 2024.
Similarly, the industry contributed nearly $7 trillion to the global economy in 2014; which is forecast to rise to $11 trillion by 2024.Read More 15/04/2015 Breaking Travel NewsWTTC Global Summit 2015: Tourism industry urged to address talent shortage

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