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Travel & Tourism economic impact in France |
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30-07-2006 |
The World Travel & Tourism Council (WTTC) recently launched its 2006 forecasts of Travel & Tourism’s economic performance for 174 countries.
As Travel & Tourism continues to grow as one of the world’s highest priority industries and employers, WTTC, in partnership with Oxford Economic Forecasting (OEF) and its global sponsor Accenture, produces annually detailed Tourism Satellite Accounting reports. The research is based on the UN standard for Satellite Accounting, quantifies the wide-ranging economic impact of Travel & Tourism and provides solid, credible and professional statistical information that can assist in informing government policy and business decision processes.
WTTC President Jean-Claude Baumgarten says “We are witnessing the power, speed and vitality of Travel & Tourism and how they can bring economic opportunity and jobs to people and economies seeking sustainable development”.
WTTC reported that France is currently the 5th largest Travel & Tourism economy, the 71st most tourism-intense country and 148th in growth forecast. In 2006, WTTC is forecasting:
* Demand: Encompassing all components of Travel & Tourism consumption, investment, government spending and exports, France is expected to generate US$336,535.4mn of economic activity (Total Demand) in 2006, growing (nominal terms) to US$534,945.4mn by 2016. Total Demand is expected to grow by 3.8 per cent in 2006 and by 3.7 per cent per annum, in real terms, between 2007 and 2016.
* Visitor Exports: Travel & Tourism is expected to generate 18.8 per cent of total exports (US$115,012.1mn) in 2006, growing (nominal terms) to US$214,149.8mn (19.6 per cent of total) in 2016.
* GDP: France Travel & Tourism Industry is expected to contribute 4.4 per cent to Gross Domestic Product (GDP) in 2006 (US$95,794.2mn), rising in nominal terms to US$145,573.7mn (5.0 per cent total) by 2016. The Travel & Tourism Economy contribution (per cent of total) should rise from 11.4 per cent (US$249,997.1mn) to 13.1 per cent (US$386,333.6mn) in this same period.
* Employment: France Travel & Tourism Economy employment is estimated at 1,392,000 jobs in 2006, 13.8 per cent of total employment. By 2016, this should total 4,364,000 jobs, 16.3 per cent of total employment. The 1,392,000 Travel & Tourism Industry jobs account for 5.5 per cent of total employment in 2006 and are forecast to total 1,758,000 jobs or 6.6 per cent of the total by 2016.
Access the following link for:
A copy of the full TSA report http://www.wttc.org/2006TSA/pdf/France.pdf
The one page summary http://www.wttc.org/2006TSA/pdf/1.France.pdf
The world TSA report http://www.wttc.org/2006TSA/pdf/World.pdf
The Executive Summary http://www.wttc.org/2006TSA/pdf/Executive%20Summary%202006.pdf
ENDS
About The World Travel & Tourism Council
WTTC is the forum for business leaders in the Travel & Tourism industry. With Chief Executives of some one hundred of the world's leading Travel & Tourism companies as its Members, WTTC has a unique mandate and overview on all matters related to Travel & Tourism.
WTTC works to raise awareness of Travel & Tourism as one of the world's largest industries, employing approximately 230 million people and generating over 10 per cent of world GDP.
About Accenture
Accenture is a global management consulting, technology services and outsourcing company. Committed to delivering innovation, Accenture collaborates with its clients to help them become high-performance businesses and governments. With deep industry and business process expertise, broad global resources and a proven track record, Accenture can mobilize the right people, skills and technologies to help clients improve their performance. With more than 129,000 people in 48 countries, the company generated net revenues of US$15.55 billion for the fiscal year ended August 31, 2005. Its home page is www.accenture.com.
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