In 2019, the travel and tourism sector generated nearly $9.2 trillion to the global economy, but in 2020 the pandemic brought travel and tourism to an almost complete standstill, which resulted in a 49.1 percent drop, representing a punishing loss of nearly $4.5 trillion. While the global economy is set to receive a modest 30.7 percent year-over-year increase from travel and tourism in 2021, this will only represent $1.4 trillion and is mainly driven by domestic spending.
The economic modelling was conducted by Oxford Economics on behalf of WTTC and calculated a baseline scenario based on the current global vaccination rollout, consumer confidence and relaxed travel restrictions in some in regions around the world. The research reveals that at the current rate of recovery, travel and tourism’s contribution to the global economy could see a similar moderate year-over-year rise of 31.7 percent in 2022.
Last year, WTTC revealed the loss of a staggering 62 million travel and tourism jobs around the world and with the current pace of recovery, jobs are set to rise by only 0.7 percent this year. Similarly, research shows a more hopeful potential year-on-year jobs rise across the sector next year, up 18 percent.
I WROTE THIS BEFORE I LEFT
In July of 2024 I did a 7 night tour with Backroads adventure travel. Here is a review and breakdown of that adventure!
Here are some pictures from the trip: Backroads 2024
For those of you not familiar, Backroads tours is a luxury adventure travel company that offers worldwide biking, hiking, adventure tours that incorporate top notch hotels and river cruises. In this instance, we were on AMA Waterways, the AMASonata.
To begin this trip, I took a private tour from Berlin with a stop in Dresden on the way to Prague. This took around 4.5 hours. You could also take the train or fly.
Once in Prague I checked into my hotel, Hotel Klarav a great hotel near Prague Castle. I always recommend this hotel first to people staying in Prague.
I stayed three nights in Prague, it ended up being one of my favorite cities in the world. Absolutely fantastic. While in Prague, I did a city tour on bike that included the Charles Bridge, Old town square with Tyn and St. Nicholas Churches. after riding around and seeing the sights, I met up with some of the other Backroads people to enjoy a local restaurant. The next day, a group of us did a walking tour that included Prague Castle! Ask me about Prague! Its full of adventure.
The first day of the Backroads trip departed the hotel first thing in the Morning. The bus ride was about 90 minutes, we arrived at Tittling, Germany around noon. Backroads had a beautiful lunch set up for us while they discussed safety and biking. After 26 miles of biking, we reached the ship in Vilshofen!