positive
WTTC report: smarter border management could unlock US$401 billion and 14 million jobs
A new report by the World Travel & Tourism Council (WTTC) in partnership with SITA finds that improved visa-and-border processes could add roughly US$401 billion in GDP and create 14 million jobs across G20, EU and African-Union nations by 2035. The analysis highlights digital-border technologies, streamlined visa regimes and smarter customs as key levers. Governments that adopt reforms can boost tourism, hospitality and trade growth, improving global competitiveness. The findings come as many nations look to tourism and services to support post-pandemic recovery.
Tags:
- economy
- tourism
Explore:High Return Equity Mutual Fund
positive
WTTC report: smarter border management could unlock US$401 billion and 14 million jobs
A new report by the World Travel & Tourism Council (WTTC) in partnership with SITA finds that improved visa-and-border processes could add roughly US$401 billion in GDP and create 14 million jobs across G20, EU and African-Union nations by 2035. The analysis highlights digital-border technologies, streamlined visa regimes and smarter customs as key levers. Governments that adopt reforms can boost tourism, hospitality and trade growth, improving global competitiveness. The findings come as many nations look to tourism and services to support post-pandemic recovery.
Tags:
- economy
- tourism
Explore:Mutual Fund Themes
1 min read
83 words
Smarter border management could generate US$401 bn GDP and 14 mn jobs across major economies by 2035, says WTTC report.
A new report by the World Travel & Tourism Council (WTTC) in partnership with SITA finds that improved visa-and-border processes could add roughly US$401 billion in GDP and create 14 million jobs across G20, EU and African-Union nations by 2035. The analysis highlights digital-border technologies, streamlined visa regimes and smarter customs as key levers. Governments that adopt reforms can boost tourism, hospitality and trade growth, improving global competitiveness. The findings come as many nations look to tourism and services to support post-pandemic recovery.
A new report by the World Travel & Tourism Council (WTTC) in partnership with SITA finds that improved visa-and-border processes could add roughly US$401 billion in GDP and create 14 million jobs across G20, EU and African-Union nations by 2035. The analysis highlights digital-border technologies, streamlined visa regimes and smarter customs as key levers. Governments that adopt reforms can boost tourism, hospitality and trade growth, improving global competitiveness. The findings come as many nations look to tourism and services to support post-pandemic recovery.
Tags:
- economy
- tourism
- economy
- tourism
- jobs
- global growth
- policy