The Authority on World Travel & Tourism
Travel & Tourism Economic Impact 2012 Chile
WTTC Travel & Tourism Economic Impact 2012
1
For more information please contact:
Olivia Ruggles-Brise Director, Policy & Research olivia.rugglesbrise@wttc.org
Eva Aimable Manager, Policy & Research eva.aimable@wttc.org Š 2012 World Travel & Tourism Council
Foreword
For more than 20 years the World Travel & Tourism Council (WTTC) has been investing in economic impact research, which assesses the Travel & Tourism industry’s contribution to GDP and jobs. Our ten-year forecasts are unique in the information they provide to assist governments and private companies plan for the future. Travel & Tourism continues to be one of the world’s largest industries. The total impact of the industry means that, in 2011, it contributed 9% of global GDP, or a value of over US$6 trillion, and accounted for 255 million jobs. Over the next ten years this industry is expected to grow by an average of 4% annually, taking it to 10% of global GDP, or some US$10 trillion. By 2022, it is anticipated that it will account for 328 million jobs, or 1 in every 10 jobs on the planet. 2011 was one of the most challenging years ever experienced by the global Travel & Tourism industry. However, our latest research suggests that, despite political upheaval, economic uncertainty and natural disasters, the industry’s direct contribution to world GDP grew by nearly 3% to US$2 trillion and directly generated 1.2 million new jobs. This was supported by a 3% increase in visitor exports to US$1.2 trillion, with almost 3% growth in capital investment, which rose to over US$0.7 trillion. Moreover, while the macroeconomic environment remains very challenging, our latest projections point to continuous growth in the contribution of Travel & Tourism to global GDP and employment. Rising household incomes in emerging economies – not only the BRICs (Brazil, Russia, India and China) but increasingly across the rest of Southeast Asia and Latin America – will continue to fuel increased leisure demand. Similarly, growing international trade – particularly from emerging markets – will sustain business travel demand. In developed economies, consumers are likely to remain cautious, especially in European countries where austerity programmes are being implemented. This means that we expect growth in Travel & Tourism’s direct contribution to GDP to remain stable at 3% in 2012. We expect the industry to generate directly over 2 million new jobs, with a 2% increase in visitor exports and 3.5% growth in investment over the year. Rarely over the past 20 years have we been challenged by such economic and political uncertainty as we are seeing now. Our ongoing research underlines the importance of Travel & Tourism as a stabilising force globally – providing jobs, generating prosperity, and facilitating international trade and investment.
David Scowsill President & CEO World Travel & Tourism Council
Contents The Economic Impact of Travel & Tourism 2012 2012 Annual Research: Key Facts........................................................................................................1 Defining the Economic Contribution of Travel & Tourism.............................2 Travel & Tourism’s Contribution to GDP......................................................................................3 Travel & Tourism’s Contribution to Employment. .........................................................4 Visitor Exports and Investment...................................................................................................................5 Different Components of Travel & Tourism.............................................................................6 Country Rankings: Absolute Contribution, 2012.........................................................7 Country Rankings: Relative Contribution, 2011............................................................8 Country Rankings: Real Growth, 2012..........................................................................................9 Country Rankings: Long Term Growth, 2012 - 2022....................................... 10 Summary Tables: Estimates and Forecasts.................................................................... 11 The Economic Contribution of Travel & Tourism: Real 2011 Prices. ............................................................................................................................................................ 12 The Economic Contribution of Travel & Tourism: Nominal Prices.................................................................................................................................................................... 13 The Economic Contribution of Travel & Tourism: Growth....................... 14 Glossary.......................................................................................................................................................................................... 15 Methodological Note. .............................................................................................................................................. 16 Regions, Sub-regions, Countries....................................................................................................... 17
USE OF MATERIAL IS AUTHORISED, PROVIDED SOURCE IS ACKNOWLEDGED 1-2 Queen Victoria Terrace, Sovereign Court, London E1W 3HA, UK 2 Tel: +44 (0) 20 7481 8007. Fax: +44 (0) 20 7488 1008. Email: enquiries@wttc.org. www.wttc.org
Chile 2012 ANNUAL RESEARCH: KEY FACTS
2012 forecast
GDP: DIRECT CONTRIBUTION The direct contribution of Travel & Tourism to GDP was CLP3,223.5bn (2.9% of total GDP) in 2011, and is forecast to rise by 4.7% in 2012, and to rise by 3.9% pa, from 2012-2022, to CLP4,943.0bn in 2022 (in constant 2011 prices).
GDP: TOTAL CONTRIBUTION The total contribution of Travel & Tourism to GDP was CLP9,352.7bn (8.3% of GDP) in 2011, and is forecast to rise by 4.9% in 2012, and to rise by 4.1% pa to CLP14,629.0bn in 2022.
EMPLOYMENT: DIRECT CONTRIBUTION In 2011 Travel & Tourism directly supported 210,000 jobs (2.8% of total employment). This is expected to rise by 2.4% in 2012 and rise by 1.1% pa to 239,000 jobs (2.9% of total employment) in 2022.
EMPLOYMENT: TOTAL CONTRIBUTION In 2011, the total contribution of Travel & Tourism to employment, including jobs indirectly supported by the industry, was 7.9% of total employment (590,000 jobs). This is expected to rise by 2.4% in 2012 to 604,500 jobs and rise by 1.0% pa to 670,000 jobs in 2022 (8.2% of total).
VISITOR EXPORTS
Visitor exports generated CLP1,358.4bn (3.0% of total exports) in 2011. This is forecast to grow by 14.4% in 2012, and grow by 5.1% pa, from 2012-2022, to CLP2,545.7bn in 2022 (3.4% of total).
INVESTMENT
Travel & Tourism investment in 2011 was CLP2,462.2bn, or 9.7% of total investment. It should rise by 4.8% in 2012, and rise by 4.8% pa over the next ten years to CLP4,132.5bn in 2022 (9.3% of total).
WORLD RANKING (OUT OF 181 COUNTRIES): Relative importance of Travel & Tourism's total contribution to GDP
43
96
59
102
ABSOLUTE
RELATIVE
GROWTH
LONG-TERM GROWTH
Size in 2011
Contribution to GDP in 2011
2012 forecast
Forecast 2012-2022
Total Contribution of Travel & Tourism to GDP
Breakdown of Travel & Tourism's Total Contribution to GDP and Employment 2011 GDP (2011 CLPbn)
2011 2011CLPbn CLPbn 16,000
1829
14,000 12,000
8,000
3223
6,000
210
4,000
259
122
2,000
Employment ('000)
4301
10,000
Direct
Indirect
Induced
2022 2022
2012
2011
2010
2009
2008
2007
2006
2005
2004
2003
2002
0
= Total contribution of Travel & Tourism WTTC Travel & Tourism Economic Impact 2012
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Defining the economic contribution of Travel & Tourism Travel & Tourism is an important economic activity in most countries around the world. As well as its direct economic impact, the industry has significant indirect and induced impacts. The UN Statistics Division-approved Tourism Satellite Accounting methodology (TSA:RMF 2008) quantifies only the direct contribution of Travel & Tourism. But WTTC recognises that Travel & Tourism's total contribution is much greater, and aims to capture its indirect and induced impacts through its annual research.
DIRECT CONTRIBUTION The direct contribution of Travel & Tourism to GDP reflects the ‘internal’ spending on Travel & Tourism (total spending within a particular country on Travel & Tourism by residents and non-residents for business and leisure purposes) as well as government 'individual' spending - spending by government on Travel & Tourism services directly linked to visitors, such as cultural (eg museums) or recreational (eg national parks). The direct contribution of Travel & Tourism to GDP is calculated to be consistent with the output, as expressed in National Accounting, of tourism-characteristic sectors such as hotels, airlines, airports, travel agents and leisure and recreation services that deal directly with tourists.The direct contribution of Travel & Tourism to GDP is calculated from total internal spending by ‘netting out’ the purchases made by the different tourism sectors. This measure is consistent with the definition of Tourism GDP, specified in the 2008 Tourism Satellite Account: Recommended Methodological Framework (TSA: RMF 2008). TOTAL CONTRIBUTION The total contribution of Travel & Tourism includes its ‘wider impacts’ (ie the indirect and induced impacts) on the economy. The ‘indirect’ contribution includes the GDP and jobs supported by: ● Travel & Tourism investment spending – an important aspect of both current and future activity that includes investment activity such as the purchase of new aircraft and construction of new hotels; ● Government 'collective' spending, which helps Travel & Tourism activity in many different ways as it is made on behalf of the ‘community at large’ – eg tourism marketing and promotion, aviation, administration, security services, resort area security services, resort area sanitation services, etc; ● Domestic purchases of goods and services by the sectors dealing directly with tourists - including, for example, purchases of food and cleaning services by hotels, of fuel and catering services by airlines, and IT services by travel agents. The ‘induced’ contribution measures the GDP and jobs supported by the spending of those who are directly or indirectly employed by the Travel & Tourism industry. PLEASE NOTE THAT DUE TO CHANGES IN METHODOLOGY BETWEEN 2010 AND 2011, IT IS NOT POSSIBLE TO COMPARE FIGURES PUBLISHED BY WTTC FROM 2011 ONWARDS WITH THE SERIES PUBLISHED IN PREVIOUS YEARS.
2
WTTC Travel & Tourism Economic Impact 2012
Travel & Tourism's 1 contribution to GDP The direct contribution of Travel & Tourism to GDP in 2011 was CLP3,223.5bn (2.9% of GDP). This is forecast to rise by 4.7% to CLP3,375.2bn in 2012.This primarily reflects the economic activity generated by industries such as hotels, travel agents, airlines and other passenger transportation services (excluding commuter services). But it also includes, for example, the activities of the restaurant and leisure industries directly supported by tourists. The direct contribution of Travel & Tourism to GDP is expected to grow by 3.9% pa to CLP4,943.0bn (2.8% of GDP) by 2022.
CHILE: DIRECT CONTRIBUTION OF TRAVEL & TOURISM TO GDP Constant 2011 CLPbn
% of whole economy GDP 3.3
6,000
3.2
5,000
3.1
4,000 3.0
3,000 2.9
2,000 2.8
1,000
2.7
2022 2022
2012
2011
2010
2009
2008
2007
2006
2005
2004
2003
2.6
2002
2022 2022
2012
2011
2010
2009
2008
2007
2006
2005
2004
2003
2002
0
The total contribution of Travel & Tourism to GDP (including wider effects from investment, the supply chain and induced income impacts, see page 2) was CLP9,352.7bn in 2011 (8.3% of GDP) and is expected to grow by 4.9% to CLP9,808.0bn (8.4% of GDP) in 2012. It is forecast to rise by 4.1% pa to CLP14,629.0bn by 2022 (8.4% of GDP). CHILE: TOTAL CONTRIBUTION OF TRAVEL & TOURISM TO GDP % of whole economy GDP
Constant 2011 CLPbn 16,000
9.0
14,000
8.0
12,000
7.0 6.0
10,000
5.0
8,000
4.0 6,000
3.0
4,000
2.0
2,000
1.0
0
0.0 2011
Direct 1
Indirect
2012
Induced
2022 2022 2022
2011
Direct
2012
Indirect
2022 2022
Induced
All values are in constant 2011 prices & exchange rates WTTC Travel & Tourism Economic Impact 2012
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Travel & Tourism's contribution to employment Travel & Tourism generated 210,000 jobs directly in 2011 (2.8% of total employment) and this is forecast to grow by 2.4% in 2012 to 215,000 (2.8% of total employment). This includes employment by hotels, travel agents, airlines and other passenger transportation services (excluding commuter services). It also includes, for example, the activities of the restaurant and leisure industries directly supported by tourists.
By 2022, Travel & Tourism will account for 239,000 jobs directly, an increase of 1.1% pa over the next ten years.
CHILE: DIRECT CONTRIBUTION OF TRAVEL & TOURISM TO EMPLOYMENT '000 jobs
% of whole economy employment 3.2
300.0
3.1
250.0
3.0
200.0 2.9
150.0 2.8
100.0
The total contribution of Travel & Tourism to employment (including wider effects from investment, the supply chain and induced income impacts, see page 2) was 590,000 jobs in 2011 (7.9% of total employment). This is forecast to rise by 2.4% in 2012 to 604,500 jobs (8.0% of total employment). By 2022, Travel & Tourism is forecast to support 670,000 jobs (8.2% of total employment), an increase of 1.0% pa over the period. CHILE: TOTAL CONTRIBUTION OF TRAVEL & TOURISM TO EMPLOYMENT % of whole economy employment
'000 jobs 800.0
9.0
700.0
8.0
600.0
7.0 6.0
500.0
5.0
400.0
4.0 300.0
3.0
200.0
2.0
100.0
1.0
0.0
0.0 2011
Direct
4
2012
Indirect
Induced
WTTC Travel & Tourism Economic Impact 2012
2022 2022 2022
2011
Direct
2012
Indirect
Induced
2022 2022
2022 2022
2012
2011
2010
2009
2008
2007
2006
2005
2004
2002
2022 2022
2012
2011
2010
2009
2008
2007
2006
2005
2.5
2004
0.0
2003
2.6
2002
50.0
2003
2.7
1
Visitor Exports and Investment VISITOR EXPORTS
Visitor exports are a key component of the direct contribution of Travel & Tourism. In 2011, Chile generated CLP1,358.4bn in visitor exports. In 2012, this is expected to grow by 14.4%, and the country is expected to attract 3,244,000 international tourist arrivals.
By 2022, international tourist arrivals are forecast to total 4,217,000, generating expenditure of CLP2,545.7bn, an increase of 5.1% pa.
CHILE: VISITOR EXPORTS AND INTERNATIONAL TOURIST ARRIVALS Constant 2011 CLPbn
mn
3,000
4.5
Foreign visitor exports as % of total exports 6.0
4
2,500
3.5
2,000
3
5.0
4.0
2.5
1,500
2
1,000
3.0
1.5 1
500
2.0
0.5
2022 2022
1.0
2022 2022
2012
2011
2010
2009
2008
2007
2006
2005
2004
Foreign visitor exports (LHS)
2003
0.0
2002
2012
2011
2010
2009
2008
2007
2006
2005
2004
2003
0 2002
0
Foreign tourist arrivals (RHS)
INVESTMENT Travel & Tourism is expected to have attracted capital investment of CLP2,462.2bn in 2011. This is expected to rise by 4.8% in 2012, and rise by 4.8% pa over the next ten years to CLP4,132.5bn in 2022. Travel & Tourism’s share of total national investment will fall from 9.3% in 2012 to 9.3% in 2022. CHILE: CAPITAL INVESTMENT IN TRAVEL & TOURISM % of whole economy GDP
Constant 2011 CLPbn
12.0
4,500 4,000
10.0
3,500 8.0
3,000 2,500
6.0
2,000 4.0
1,500 1,000
2.0 500
1
2022 2022
2012
2011
2010
2009
2008
2007
2006
2005
2004
2003
0.0 2002
2022 2022
2012
2011
2010
2009
2008
2007
2006
2005
2004
2003
2002
0
All values are in constant 2011 prices & exchange rates WTTC Travel & Tourism Economic Impact 2012
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Different components of Travel & Tourism1 Chile Travel & Tourism's Contribution to GDP:
Leisure travel spending (inbound and domestic) generated 82.0% of direct Travel & Tourism GDP in 2011 (CLP5,886.2bn) compared with 18.0% for business travel spending (CLP1,296.2bn).
Business vs Leisure, 2011
Leisure spending
82.0%
Leisure travel spending is expected to grow by 4.3% in 2012 to CLP6,141.6bn, and rise by 3.8% pa to CLP8,918.8bn in 2022.
Business spending
18.0%
Business travel spending is expected to grow by 6.1% in 2012 to CLP1,375.1bn, and rise by 4.3% pa to CLP2,085.0bn in 2022.
Chile Travel & Tourism's Contribution to GDP: Domestic vs Foreign, 2011
Domestic travel spending generated 80.9% of direct Travel & Tourism GDP in 2011 compared with 19.1% for visitor exports (ie foreign visitor spending or international tourism receipts).
Foreign visitor spending
19.1%
Domestic travel spending is expected to grow by 2.3% in 2012 to CLP5,881.2bn, and rise by 3.6% pa to CLP8,342.7bn in 2022.
Domestic spending
80.9%
Visitor exports are expected to grow by 14.4% in 2012 to CLP1,553.5bn, and rise by 5.1% pa to CLP2,545.7bn in 2022.
Chile Breakdown of Travel & Tourism's Total Contribution to GDP, 2011 Direct
34.5% Induced
The total contribution of Travel & Tourism to GDP is nearly three times greater than its direct contribution.
19.6% Indirect
a
46.0% Indirect is the sum of: (a) Supply chain 26.0% (b) Investment
c
14.9% (c) Government collective
b
5.1% 1
6
The Travel & Tourism industry contributes to GDP and employment in many ways as detailed on page 2.
All values are in constant 2011 prices & exchange rates
WTTC Travel & Tourism Economic Impact 2012
Country rankings: Absolute contribution, 2011 Travel & Tourism's Direct Contribution to GDP 6 Brazil 8 Mexico World Average
2011 (US$bn)
Travel & Tourism's Total Contribution to GDP
2011 (US$bn)
78.5
6 Brazil
212.9
63.7
11 Mexico
142.0
16.6
World Average
49.6
24 Argentina
16.6
23 Argentina
45.5
37 Venezuela
9.6
37 Venezuela
25.6
42 Chile
6.7
43 Chile
19.3
45 Peru
6.1
50 Peru
16.0
72 Costa Rica
2.0
64 Cuba
7.9
74 Cuba
1.9
75 Costa Rica
5.0
78 Guatemala
1.6
80 Guatemala
4.1
89 Ecuador
1.2
86 Ecuador
3.4
Travel & Tourism's Direct Contribution to Employment
2011 '000 jobs
Travel & Tourism's Total Contribution to Employment
4 Mexico
2925.4
5 Brazil
6 Brazil
2683.6
6 Mexico
World Average
782.4
World Average
2011 '000 jobs 7654.3 6347.4 1959.2
23 Argentina
639.6
24 Argentina
1732.5
35 Venezuela
370.0
33 Peru
1033.2
37 Peru
355.4
34 Venezuela
963.7
55 Chile
210.0
47 Chile
590.2
65 Guatemala
146.2
55 Cuba
519.4
70 Cuba 82 Ecuador
127.9 100.0
65 Guatemala 79 Ecuador
381.6 273.8
86 Costa Rica
93.4
88 Costa Rica
237.0
Travel & Tourism Capital Investment
2011 (US$bn)
Visitor Exports
2011 (US$bn)
6 Brazil
24.8
28 Mexico
11.8
11 Mexico
18.5
40 Brazil
7.0
20 Argentina
6.7
28 Chile
5.1
43 Argentina
6.4
4.1
57 Peru
3.3
43 Venezuela
2.6
60 Chile
2.8
48 Peru
2.2
64 Cuba
2.5
62 Cuba
1.1
69 Costa Rica
2.2
75 Ecuador
0.6
85 Guatemala
1.4
84 Guatemala
0.5
101 Ecuador
0.8
100 Costa Rica
0.3
112 Venezuela
0.7
World Average
World Average
6.5
The tables on pages 7-10 provide provide brief extracts from the full WTTC Country League Table Rankings, highlighting comparisons with competing destinations as well as with the world average. The competing destinations selected are those that offer a similar tourism product and compete for tourists from the same set of origin markets. These tend to be, but are not exclusively, geographical neighbours. WTTC Travel & Tourism Economic Impact 2012
7
Country rankings: Relative contribution, 2011 Travel & Tourism's Direct Contribution to GDP 49 Mexico World Average
5.6
Travel & Tourism's Total Contribution to GDP World Average
2011 % share 14.0
5.2
64 Mexico
12.4
61 Costa Rica
4.8
65 Costa Rica
12.3
76 Argentina
3.8
71 Cuba
11.4
83 Peru
3.5
77 Argentina
10.5
85 Venezuela
3.5
84 Venezuela
9.3
89 Guatemala
3.4
85 Peru
9.2
96 Brazil
3.2
93 Guatemala
8.7
105 Chile
2.9
94 Brazil
8.6
106 Cuba
2.8
102 Chile
8.3
149 Ecuador
1.9
147 Ecuador
5.1
Travel & Tourism's Direct Contribution to Employment 39 Mexico World Average
2011 % share 6.3 5.3
Travel & Tourism's Total Contribution to Employment 45 Mexico World Average
2011 % share 13.7 13.6
63 Costa Rica
4.5
65 Costa Rica
11.4
84 Argentina
3.6
73 Cuba
10.5
95 Venezuela
3.0
81 Argentina
9.9 7.9
101 Guatemala
3.0
97 Peru
107 Chile
2.8
98 Venezuela
7.9
113 Brazil
2.7
99 Chile
7.9
115 Peru
2.7
101 Brazil
7.8
120 Cuba
2.6
105 Guatemala
7.7
155 Ecuador
1.7
155 Ecuador
4.5
Travel & Tourism Investment Contribution to Total Capital Investment 22 Cuba 48 Chile World Average
2011 % share 16.9 9.7
Visitor Exports Contribution to Total Exports 57 Cuba World Average
2011 % share 16.9 15.9
8.3
61 Costa Rica
14.8
61 Mexico
8.0
71 Guatemala
11.8
72 Argentina
6.9
98 Argentina
6.8
79 Guatemala
6.2
100 Peru
6.5
92 Venezuela
5.3
130 Ecuador
3.6
96 Brazil
5.2
135 Mexico
3.3
99 Peru
8
2011 % share
4.9
137 Chile
3.0
126 Ecuador
3.5
153 Brazil
2.5
129 Costa Rica
3.4
171 Venezuela
0.7
WTTC Travel & Tourism Economic Impact 2012
Country rankings: Real growth, 2012
Travel & Tourism's Direct Contribution to GDP
2012 % growth
Travel & Tourism's Total Contribution to GDP
2012 % growth
11 Venezuela
9.6
21 Brazil
7.8
35 Brazil
6.2
38 Costa Rica
6.2
36 Costa Rica
6.1
62 Chile
4.7
59 Chile
4.9
72 Guatemala
4.4
65 Guatemala
4.6
80 Argentina
3.7
76 Argentina
4.1
84 Peru
3.6
80 Ecuador
3.8
87 Ecuador
3.4
85 Peru
3.4
97 Mexico
2.7
89 Mexico
World Average 111 Cuba
Travel & Tourism's Direct Contribution to Employment
2.7 2.2
2012 % growth
7 Venezuela
10.1
3.3
World Average
2.5
124 Cuba
1.1
Travel & Tourism's Total Contribution to Employment
2012 % growth
38 Venezuela
8.0
6 Venezuela
8.3
65 Brazil
7.1
10 Guatemala
7.1
54 Guatemala
7.0
21 Costa Rica
5.6
37 Costa Rica
5.7
29 Brazil
5.1
39 Ecuador
2.6
65 Ecuador
2.9
2.4
74 Chile
135 Chile World Average 49 Argentina
2.2 1.6
World Average 90 Argentina
2.4 1.9 1.8
27 Peru
1.5
101 Peru
1.2
100 Mexico
0.9
102 Mexico
1.2
130 Cuba
-0.1
138 Cuba
-1.3
Travel & Tourism Investment
2012 % growth
Visitor Exports
2012 % growth
16 Venezuela
12.1
5 Chile
14.4
29 Guatemala
9.5
14 Brazil
11.6
40 Costa Rica
8.4
33 Costa Rica
7.1
47 Argentina
7.5
41 Argentina
6.5
77 Mexico
5.1
57 Guatemala
5.0
89 Chile
4.8
87 Mexico
3.0
96 Ecuador
4.3
97 Peru
102 Peru 104 Brazil World Average 173 Cuba
3.6
World Average
2.5 1.6
3.5
113 Venezuela
3.1
119 Ecuador
1.0 0.8
-7.7
121 Cuba
0.7
WTTC Travel & Tourism Economic Impact 2012
9
Country rankings: Long term growth, 2012 - 2022
Travel & Tourism's Direct Contribution to GDP
Travel & Tourism's Total Contribution to GDP
2012 - 2022 % growth pa
50 Peru
5.0
50 Brazil
5.1
51 Brazil
5.0
54 Peru
5.0
75 Mexico
4.4
73 Mexico
4.5
79 Cuba
4.3
76 Ecuador
4.4
86 Ecuador
4.2
79 Cuba
4.3
90 Venezuela
4.2
89 Venezuela
4.2
92 Costa Rica
4.1
World Average 98 Argentina
4.1 4.0
World Average 96 Chile 97 Costa Rica
4.1 4.1 4.1
102 Chile
3.9
105 Argentina
3.8
154 Guatemala
2.4
147 Guatemala
2.6
Travel & Tourism's Direct Contribution to Employment
2012 - 2022 % growth pa
Travel & Tourism's Total Contribution to Employment
2012 - 2022 % growth pa
27 Peru
3.1
34 Peru
3.0
37 Costa Rica
2.9
35 Ecuador
3.0
38 Venezuela
2.9
38 Venezuela
2.9
39 Ecuador
2.9
39 Guatemala
2.9
49 Argentina
2.8
50 Costa Rica
2.7
54 Guatemala
2.6
62 Argentina
65 Brazil
2.5
World Average
1.8
World Average 70 Brazil
2.3
1.7
130 Cuba
1.1
130 Chile
1.0
135 Chile
1.1
131 Cuba
1.0
2012 - 2022 % growth pa
95 Mexico
2.5 2.4
100 Mexico
Travel & Tourism Investment Contribution to Capital Investment
Visitor Exports Contribution to Exports
1.8
2012 - 2022 % growth pa
5 Brazil
8.7
1 Brazil
12.2
27 Mexico
6.5
6 Venezuela
7.5
51 Costa Rica
5.8
8 Argentina
7.3
55 Venezuela
5.7
27 Peru
5.7
5.3
43 Chile
5.1
74 Cuba
5.0
69 Mexico
4.3
76 Ecuador
4.9
72 Cuba
4.2
80 Chile
4.8
79 Costa Rica
4.1
4.6
89 Ecuador
World Average
93 Argentina
10
2012 - 2022 % growth pa
112 Peru
4.1
147 Guatemala
3.0
WTTC Travel & Tourism Economic Impact 2012
World Average 165 Guatemala
3.8 3.5 1.4
Summary tables: Estimates & Forecasts 2011
CLPbn
1
3,223.5
2.9
4.7
4,943.0
2.8
3.9
Total contribution to GDP
9,352.7
8.3
4.9
14,629.0
8.4
4.1
Direct contribution to employment
210
2.8
2.4
239
2.9
1.1
4
590
7.9
2.4
670
8.2
1.0
Visitor exports
1,358.4
3.0
14.4
2,545.7
3.4
5.1
Domestic spending
5,747.7
5.1
2.3
8,342.7
4.8
3.6
Leisure spending
5,886.2
5.2
4.3
8,918.8
5.1
3.8
Business spending
1,296.2
1.2
6.1
2,085.0
1.2
4.3
Capital investment
2,462.2
9.7
4.8
4,132.5
9.3
4.8
% of total
Growth
3
2011 constant prices & exchange rates; 22012 real growth adjusted for inflation (%); 32012-2022 annualised real growth adjusted for inflation (%); 4'000 jobs
2011 1
2011
2012
2022 2
1
US$bn
% of total
Growth
2.0
971.4
3.1
3.6
8.6
1.6
2,795.8
8.9
3.5
15,108
3.6
2.0
18,650
3.8
1.9
Total contribution to employment
38,840
9.3
1.6
48,461
10.0
2.1
Visitor exports
243.0
6.1
0.9
348.3
4.6
3.5
1,011.3
4.5
2.3
1,492.4
4.8
3.7
Leisure spending
959.1
4.3
2.0
1,422.0
4.5
3.8
Business spending
318.6
1.4
2.1
450.8
1.5
3.3
6.2
2.0
406.7
6.6
5.2
US$bn
% of total
Growth
665.5
3.0
1,945.6
Direct contribution to employment 4
Americas Direct contribution to GDP Total contribution to GDP 4
Domestic spending
Capital investment
239.8 2
3
3
4
2011 constant prices & exchange rates; 2012 real growth adjusted for inflation (%); 2012-2022 annualised real growth adjusted for inflation (%); '000 jobs
2011 1
2011
2012
2022 2
1
US$bn
% of total
Growth
2.8
3,056.2
3.0
4.2
9.1
2.8
9,939.5
9.8
4.3
Worldwide
US$bn
% of total
Growth
Direct contribution to GDP
1,972.8
2.8
Total contribution to GDP
6,346.1
Direct contribution to employment4
98,031
3.3
2.3
120,470
3.6
1.9
Total contribution to employment
254,941
8.7
2.0
327,922
9.8
2.3
Visitor exports
1,170.6
5.3
1.7
1,694.7
4.3
3.6
Domestic spending
2,791.2
4.0
3.5
4,547.6
4.6
4.6
Leisure spending
3,056.9
4.4
3.1
4,853.8
4.8
4.4
Business spending
968.4
1.4
2.5
1,476.2
1.5
4.0
Capital investment
743.0
4.9
3.5
1,320.4
5.1
5.6
4
1
Growth2
Direct contribution to GDP
Total contribution to employment
1
2022
2012
% of total
Chile
4
1
2011 1
CLPbn
3
2011 constant prices & exchange rates; 22012 real growth adjusted for inflation (%); 32012-2022 annualised real growth adjusted for inflation (%); 4'000 jobs
WTTC Travel & Tourism Economic Impact 2012
11
The economic contribution of Travel & Tourism: Real 2011 prices Chile (CLPbn, real 2011 prices)
2006
2007
2008
2009
2010
2011
2012E
2022F
1.
Visitor exports
1183.4
1304.6
1476.9
1425.6
1219.3
1358.4
1553.5
2545.7
2.
Domestic expenditure
4956.8
5267.4
5561.0
5422.6
5300.4
5747.7
5881.2
8342.7
6197.1
6632.9
7106.5
6932.1
6596.1
7182.0
7520.4
11012.6
-3349.8
-3614.7
-4045.2
-3663.6
-3598.3
-3958.5
-4145.2
-6069.6
2847.3
3018.2
3061.3
3268.5
2997.8
3223.5
3375.2
4943.0
2380.3
2523.1
2559.2
2732.3
2506.1
2694.7
2821.6
4132.2
3.
Internal tourism consumption (= 1 + 2 + government individual spending)
4.
Purchases by tourism providers, including imported goods (supply chain)
5.
Direct contribution of Travel & Tourism to GDP (= 3 + 4)
Other final impacts (indirect & induced) 6.
Domestic supply chain
7.
Capital investment
896.5
1360.4
2095.6
1954.4
2113.4
2462.2
2579.9
4132.5
8.
Government collective spending
356.5
388.1
437.0
498.7
499.6
522.8
561.7
793.2
9.
Imported goods from indirect spending
-609.7
-1337.8
-1384.1
-1009.8
-1158.4
-1379.1
-1445.6
-2222.7
10. Induced
1487.8
1478.3
1587.1
1875.0
1727.2
1828.7
1915.2
2850.8
11. Total contribution of Travel & Tourism to GDP
7358.6
7430.3
8355.9
9319.1
8685.6
9352.7
9808.0
14629.0
182.4
190.0
193.4
208.4
196.3
210.0
215.1
239.3
465.7
460.3
514.8
580.3
552.8
590.2
604.4
670.3
922.4
1127.1
990.9
1129.4
1114.2
1203.5
1303.1
2575.3
(= 5 + 6 + 7 + 8 + 9 + 10)
Employment impacts ('000) 12. Direct contribution of Travel & Tourism to employment
13.
Total contribution of Travel & Tourism to employment Other indicators
14. Expenditure on outbound travel
12
WTTC Travel & Tourism Economic Impact 2012
The economic contribution of Travel & Tourism: Nominal prices Chile (CLPbn, nominal prices)
2006
2007
2008
2009
2010
2011
2012E
2022F
1.
Visitor exports
973.0
1127.3
1285.1
1273.6
1192.6
1358.4
1610.3
3613.7
2.
Domestic expenditure
4075.5
4551.7
4838.8
4844.3
5184.4
5747.7
6096.2
11842.7
5091.2
5727.9
6179.1
6182.6
6447.9
7182.0
7791.0
15619.8
-2750.1
-3119.8
-3515.4
-3262.7
-3515.7
-3958.9
-4292.8
-8603.5
2341.0
2608.1
2663.7
2919.9
2932.2
3223.5
3498.6
7016.8
1957.0
2180.3
2226.8
2440.9
2451.3
2694.7
2924.7
5865.8
3.
Internal tourism consumption (= 1 + 2 + government individual spending)
4.
Purchases by tourism providers, including imported goods (supply chain)
5.
Direct contribution of Travel & Tourism to GDP (= 3 + 4)
Other final impacts (indirect & induced) 6.
Domestic supply chain
7.
Capital investment
737.1
1175.6
1823.4
1746.0
2067.2
2462.2
2674.3
5866.2
8.
Government collective spending
293.1
335.4
380.3
445.5
488.7
522.8
582.2
1125.9
9.
Imported goods from indirect spending
-501.3
-1156.1
-1204.4
-902.1
-1133.1
-1379.1
-1498.5
-3155.2
10. Induced
1223.2
1277.5
1380.9
1675.0
1689.4
1828.7
1985.2
4046.8
11. Total contribution of Travel & Tourism to GDP
6050.2
6420.8
7270.7
8325.2
8495.6
9352.7
10166.6
20766.4
182.4
190.0
193.4
208.4
196.3
210.0
215.1
239.3
465.7
460.3
514.8
580.3
552.8
590.2
604.4
670.3
758.4
974.0
862.2
1009.0
1089.8
1203.5
1350.8
3655.7
(= 5 + 6 + 7 + 8 + 9 + 10)
Employment impacts ('000) 12. Direct contribution of Travel & Tourism to employment
13.
Total contribution of Travel & Tourism to employment Other indicators
14. Expenditure on outbound travel
*Concepts shown in this table align with the standard table totals as described in the 2008 Tourism Satellite Account: Recommended Methodological Framework (TSA: RMF 2008) developed by the United Nations Statistical Division (UNSD), the Statistical Office of the European Communities (EUROSTAT), the Organisation for Economic Co-operation and Development (OECD) and the World Tourism Organization (UNWTO). Historical data for concepts has been benchmarked to match reported TSA data where available. WTTC Travel & Tourism Economic Impact 2012
13
The economic contribution of Travel & Tourism: Growth Chile Growth 1 (%)
2006
2007
2008
2009
2010
2011
2012E
2022F
1.
Visitor exports
-4.9
10.2
13.2
-3.5
-14.5
11.4
14.4
5.1
2.
Domestic expenditure
1.3
6.3
5.6
-2.5
-2.3
8.4
2.3
3.6
0.0
7.0
7.1
-2.6
-4.8
9.0
4.6
3.9
1.6
7.8
9.3
-7.0
-1.6
11.0
3.3
3.8
-1.4
6.0
1.4
6.8
-8.3
7.5
4.7
3.9
-1.4
6.0
1.4
6.8
-8.3
7.5
4.7
3.9
3.
Internal tourism consumption (= 1 + 2 + government individual spending)
4.
Purchases by tourism providers, including imported goods (supply chain)
5.
Direct contribution of Travel & Tourism to GDP (= 3 + 4)
Other final impacts (indirect & induced) 6.
Domestic supply chain
7.
Capital investment
12.9
51.7
54.0
-6.7
8.1
16.5
4.8
4.8
8.
Government collective spending
0.1
8.9
12.6
14.1
0.2
4.6
7.4
3.5
9.
Imported goods from indirect spending
6.3
37.9
3.2
-7.7
0.6
11.9
5.0
4.1
10. Induced
-0.4
-0.6
7.4
18.1
-7.9
5.9
4.7
4.1
11. Total contribution of Travel & Tourism to GDP
-1.6
1.0
12.5
11.5
-6.8
7.7
4.9
4.1
-3.9
4.2
1.7
7.8
-5.8
7.0
2.4
1.1
-4.4
-1.2
11.8
12.7
-4.7
6.8
2.4
1.0
-1.6
22.2
-12.1
14.0
-1.4
8.0
8.3
7.0
(= 5 + 6 + 7 + 8 + 9 + 10)
Employment impacts ('000) 12. Direct contribution of Travel & Tourism to employment
13.
Total contribution of Travel & Tourism to employment Other indicators
14. Expenditure on outbound travel
1
2005-2011 real annual growth adjusted for inflation (%);
14
WTTC Travel & Tourism Economic Impact 2012
2
2011-2021 annualised real growth adjusted for inflation (%)
Glossary Key Definitions
Internal tourism consumption – total revenue generated
Travel & Tourism – relates to the activity of travellers on
within a country by industries that deal directly with
trips outside their usual environment with a duration of less
tourists including visitor exports, domestic spending and
than one year. Economic activity related to all aspects of
government individual spending. This does not include
such trips is measured within the research.
spending abroad by residents. This is consistent with
Direct contribution to GDP – GDP generated by industries that deal directly with tourists, including hotels,
total internal tourism expenditure in table 4 of the TSA: RMF 2008.
travel agents, airlines and other passenger transport
Business Travel & Tourism spending – spending
services, as well as the activities of restaurant and leisure
on business travel within a country by residents and
industries that deal directly with tourists. It is equivalent to
international visitors.
total internal Travel & Tourism spending (see below) within
Leisure Travel & Tourism spending – spending on leisure
a country less the purchases made by those industries
travel within a country by residents and international visitors.
(including imports). In terms of the UN’s Tourism Satellite Account methodology it is consistent with total GDP
Indirect and Induced Impacts
calculated in table 6 of the TSA: RMF 2008.
Indirect contribution – the contribution to GDP and
Direct contribution to employment – the number
jobs of the following three factors:
of direct jobs within the Travel & Tourism industry. This is
• Capital investment – includes capital investment spending
consistent with total employment calculated in table 7 of the
by all sectors directly involved in the Travel & Tourism
TSA: RMF 2008.
industry. This also constitutes investment spending by other
Total contribution to GDP – GDP generated directly by
industries on specific tourism assets such as new visitor
the Travel & Tourism industry plus its indirect and induced
accommodation and passenger transport equipment, as
impacts (see below). Total contribution to employment –
well as restaurants and leisure facilities for specific tourism
the number of jobs generated directly in the Travel &
use. This is consistent with total tourism gross fixed capital
Tourism industry plus the indirect and induced contributions (see below).
formation in table 8 of the TSA: RMF 2008. • Government collective spending – general government spending in support of general tourism activity. This can
Direct Spending Impacts
include national as well as regional and local government
Visitor exports – spending within the country by international
spending. For example, it includes tourism promotion, visitor
tourists for both business and leisure trips, including
information services, administrative services and other public
spending on transport. This is consistent with total inbound
services. This is consistent with total collective tourism
tourism expenditure in table 1 of the TSA: RMF 2008.
consumption in table 9 of TSA: RMF 2008.
Domestic Travel & Tourism spending – spending within a country by that country’s residents for both business and leisure trips. Multi-use consumer durables are not included
• Supply-chain effects – purchases of domestic goods and services directly by different sectors of the Travel & Tourism industry as inputs to their final tourism output.
since they are not purchased solely for tourism purposes.
Induced contribution – the broader contribution to
This is consistent with total domestic tourism expenditure
GDP and employment of spending by those who are
in table 2 of the TSA: RMF 2008. Outbound spending by
directly or indirectly employed by Travel & Tourism.
residents abroad is not included here, but is separately
Other Indicators
identified according to the TSA: RMF 2008 (see below).
Outbound expenditure – spending outside the country by
Government individual spending – government spending
residents on all trips abroad. This is fully aligned with total
on individual non-market services for which beneficiaries
outbound tourism expenditure in table 3 of the TSA:
can be separately identified. These social transfers are
RMF 2008.
directly comparable to consumer spending and, in certain cases, may represent public provision of consumer services. For example, it includes provision of services in national parks and museums.
Foreign visitor arrivals – the number of arrivals of foreign visitors, including same-day and overnight visitors (tourists) to the country.
WTTC Travel & Tourism Economic Impact 2012
15
Methodological note In 2011, WTTC refined its methodology for estimating the direct contribution of Travel & Tourism to be fully consistent with the UN Statistics Division-approved 2008 Tourism Satellite Account: Recommended Methodological Framework (TSA:RMF 2008). Some further revisions to the research have been made in 2012 as part of WTTC’s ongoing commitment to align the research with the TSA:RMF 2008. This has involved further benchmarking of country reports to official, published TSAs, including for countries which are reporting data for the first time as well as updates to earlier years. As part of the alignment process we are now also able to isolate and exclude international travel flows related to education.  In addition to 181 individual country reports, one world report and 17 covering world regions and sub-regions, we also provide reports with combined results for special economic groupings including, for the first time in 2012, the G20 and SADC.
Special economic groups G20 Argentina, Australia, Brazil, Canada, China, European Union, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea,Turkey, UK, USA.
SADC (Southern African Development Community) Angola, Botswana, Democratic Republic of Congo (DRC), Lesotho, Madagascar, Malawi, Mauritius, Mozambique, Namibia, Seychelles, South Africa, Swaziland, United Republic of Tanzania, Zambia, Zimbabwe.
BRIC Brazil, Russia, India, China.
APEC (Asia-Pacific Economic Cooperation) Australia, Brunei, Canada, Chile, China, Hong Kong, Indonesia, Japan, South Korea, Malaysia, Mexico, New Zealand, Papua New Guinea, Peru, Philippines, Russian Federation, Singapore, Taiwan, Thailand, USA, Vietnam.
OECD (Organisation for Economic Co-operation and Development) Australia, Austria, Belgium, Canada, Czech Republic, Denmark, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Japan, South Korea, Luxembourg, Mexico, Netherlands, New Zealand, Norway, Poland, Portugal, Slovakia, Spain, Sweden, Switzerland, Turkey, UK, USA.
16
WTTC Travel & Tourism Economic Impact 2012
Economic impact reports: Regions, sub-regions and countries WORLD
Algeria
Anguilla
Egypt
Antigua & Barbuda
Libya
Aruba
Morocco
Bahamas
Tunisia
Barbados
Angola
Bermuda
Benin
Caribbean
China
Luxembourg
Hong Kong
Malta
South Korea Macau
Taiwan
Netherlands Poland
Portugal
Romania Slovakia
Slovenia
Fiji
Spain
Kiribati
Sweden
Other Oceania
UK
Guadeloupe
Solomon Islands
Albania
Chad
Haiti
Tonga
Armenia
Democratic Republic of Congo
Martinique
Jamaica
Puerto Rico
Gabon
St Kitts & Nevis
Ghana
St Vincent & the Grenadines
Guinea
St Lucia Americas
Gambia
Bangladesh South Asia
Ethiopia
Vanuatu Asia
Comoros
Azerbaijan Belarus Bosnia Herzegovina
India Nepal
Croatia
Pakistan
Other Europe
Central African Republic
Grenada
Country Lithuania
Europe
Cape Verde
Dominican Republic
Subregion
Japan
New Zealand
Dominica
Cameroon
Region
Australia
Former Netherlands Antilles
Burundi
Country
Mongolia
Cuba
Burkina Faso
Sri Lanka
Trinidad & Tobago
Maldives
US Virgin Islands
Cambodia
Iceland Kazakhstan Kyrgyzstan
Brunei
Lesotho
Argentina
Indonesia
Montenegro
Madagascar
Belize
Laos
Norway
Mali
Brazil
Myanmar
Serbia
Malawi
Bolivia Chile
Mozambique
Colombia
Namibia Niger
Nigeria
Republic of Congo Reunion Rwanda
Latin America
Mauritius
Sao Tome & Principe
Costa Rica
Malaysia
Papua New Guinea Philippines
Turkey
Thailand
Bahrain
Austria
Israel
Ecuador
Vietnam
Guyana
Belgium
Guatemala Honduras
Bulgaria Cyprus
Panama
Czech Republic
Sierra Leone
Peru
Paraguay
South Africa
Suriname
Sudan
Uruguay
Swaziland Tanzania
Togo
Uganda
Zambia
Zimbabwe
Venezuela
Canada
Mexico
USA
European Union
Nicaragua
Senegal
Seychelles
Moldova
Switzerland
Singapore
El Salvador
Macedonia
Russia
Denmark Estonia Finland France
Germany
Greece
Ukraine
Iran
Jordan Middle East
Kenya
SouthEast Asia
UK Virgin Islands
Ivory Coast
North America
SUB-SAHARAN
Subregion
Cayman Islands
Botswana
Africa
Region
European Union
Subregion Country
NORTHEAST Asia
Region
Oceania
Country
Europe
Subregion North Africa
Region
Kuwait
Lebanon Oman Qatar
Saudi Arabia Syria UAE
Yemen
Hungary
Ireland Italy
Latvia
WTTC Travel & Tourism Economic Impact 2012
17
The World Travel & Tourism Council is the forum for business leaders in the Travel & Tourism industry. With the Chairs and Chief Executives of the 100 foremost 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, supporting some 255 million jobs and generating 9% of global GDP in 2011. Together with its research partner, Oxford Economics, WTTC produces comprehensive reports on an annual basis – with updates whenever required – to quantify, compare and forecast the economic impact of Travel & Tourism on 181 economies around the world. It also publishes a World report highlighting global trends, as well as reports on regions, sub-regions and special economic groupings. To download one-page summaries, the full reports or spreadsheets, visit www.wttc.org
Assisting WTTC to provide tools for analysis, benchmarking, forecasting and planning. Over the last 30 years Oxford Economics has built a diverse and loyal client base of over 300 organisations worldwide, including international organisations, governments, central banks, and both large and small businesses. Headquartered in Oxford, England, with offices in London, Belfast, Paris, the UAE, Singapore, Philadelphia, New York and San Francisco, Oxford Economics employs over 70 full-time, highly qualified economists and data specialists, while maintaining links with a network of economists in universities worldwide. For more information please take advantage of a free trial on our website, www.oxfordeconomics.com, or contact John Gaster, Oxford Economics, Abbey House, 121 St Aldates, Oxford, OX1 1HB, UK. Tel: +44 (0) 1865 268 900; email: jtholstrup@oxfordeconomics.com
18
WTTC Travel & Tourism Economic Impact 2012
CHAIRMAN ABERCROMBIE & KENT
Geoffrey J W Kent Founder, Chairman & CEO
PRESIDENT & CEO WORLD TRAVEL & TOURISM COUNCIL
OUTRIGGER ENTERPRISES GROUP
DOLPHIN CAPITAL INVESTORS
RIOFORTE INVESTMENTS SA
DUBAILAND
Dr Richard R Kelley Chairman Emeritus
Manuel Fernando Espírito Santo Chairman
SABRE HOLDINGS
David Scowsill
Tom Klein President
VICE CHAIRMEN
SHUN TAK HOLDINGS
GLOBAL LEISURE PARTNERS Mark Harms Chairman & CEO
MANDARIN ORIENTAL Edouard Ettedgui Group Chief Executive
SILVERSEA CRUISES
Manfredi Lefebvre d’Ovidio di Balsorano de Clunieres Chairman
THE TRAVEL CORPORATION
Brett Tollman President & Chief Executive
TUI AG
Dr Michael Frenzel Chairman of the Executive Board
Pansy Ho Managing Director
TRAVEL GUARD WORLDWIDE Jeffrey C Rutledge Chairman & CEO
TRAVELPORT
Gordon Wilson President & CEO
TSOGO SUN GROUP Jabu Mabuza Deputy Chairman
VISITBRITAIN
Christopher Rodrigues, CBE Chairman
GLOBAL MEMBERS
WORLD TRAVEL & TOURISM COUNCIL
ALTOUR
Jean-Claude Baumgarten
Alexandre Chemla President
WYNDHAM WORLDWIDE
AMADEUS IT GROUP SA
Stephen P Holmes Chairman & CEO
EXECUTIVE COMMITTEE ACCOR
Denis Hennequin Chairman & CEO
AMERICAN EXPRESS COMPANY
William Glenn President, Global Merchant Network Group
BEIJING TOURISM GROUP Qiang Duan Chairman
BHARAT HOTELS
Jyotsna Suri Chairperson & Managing Director
CARLSON
Hubert Joly President, CEO & Director
EMIRATES
Gary Chapman President Group Services & Dnata, Emirates Group
ETIHAD AIRWAYS James Hogan CEO
HILTON WORLDWIDE
Christopher J Nassetta President & CEO
INTERCONTINENTAL HOTELS GROUP PLC Richard Solomons Chief Executive
Luis Maroto President & CEO
Jose Antonio Tazón Chairman of the Board
AVIS BUDGET GROUP Ronald L Nelson Chairman & CEO
BEIJING CAPITAL INTERNATIONAL AIRPORT CO Zhiyi Dong Chairman
Guanghui Zhang President & CEO
BEIJING TOURISM GROUP Yi Liu President
Sebastián Escarrer Vice Chairman
EAST JAPAN RAILWAY COMPANY Satoshi Seino President & CEO
EXPEDIA INC
Dara Khosrowshahi President & CEO
FAIRMONT RAFFLES HOTELS INTERNATIONAL Chris J Cahill COO
GLOBAL BLUE GROUP Per Setterberg President & CEO
HERTZ CORPORATION Mark Frissora Chairman & CEO, Hertz Corporation
Michel Taride President, Hertz International & Executive Vice President, Hertz Corporation
HNA GROUP
Feng Chen Chairman of the Board
HOGG ROBINSON GROUP David Radcliffe Chief Executive
MGM RESORTS INTERNATIONAL Jim Murren CEO
MISSION HILLS GROUP
Ted J Balestreri Chairman & CEO
CHINA INTERNATIONAL TRAVEL SERVICE, HEAD OFFICE (CITS) Rong Chen CEO
Jean Gabriel Pérès President & CEO
NH HOTELS
Mariano Pérez Claver Chairman
ORBITZ WORLDWIDE Barney Harford CEO
PAN PACIFIC HOTEL GROUP Patrick Imbardelli President & CEO
PHOCUSWRIGHT Philip C Wolf President & CEO
QUNAR
Chenchao Zhuang Co-Founder & CEO
RADISSON EDWARDIAN HOTELS Jasminder Singh Chairman & CEO
REED TRAVEL EXHIBITIONS Richard Mortimore Managing Director Jaume Tàpies President
HOTELPLAN HOLDING
R TAUCK & PARTNERS
Hans Lerch Vice Chairman & CEO
Robin Tauck President
HUANGSHAN TOURISM GROUP
S-GROUP CAPITAL MANAGEMENT
CHOICE HOTELS INTERNATIONAL Stephen P Joyce President & CEO
COSTA CRUISES Pier Luigi Foschi Chairman & CEO
CTRIP.COM INTERNATIONAL
Khalid A bin Sulayem Director General
DIAMOND RESORTS Stephen J Cloobeck Chairman & CEO
DLA PIPER
Sir Nigel Knowles Co-CEO
RK Krishna Kumar Vice Chairman
JONES LANG LASALLE HOTELS Arthur de Haast Global CEO
JTB CORP
Hiromi Tagawa President & CEO
LEBUA HOTELS & RESORTS CO LTD Rattawadee Bualert President Deepak Ohri CEO
LOEWS HOTELS
Jonathan M Tisch Chairman & CEO
LOS ANGELES WORLD AIRPORTS Gina Marie Lindsey Executive Director
Andy Payne CEO
ZAGAT SURVEY LLC
Tim Zagat Co-Founder, Co-Chair & CEO
Adam Weissenberg Global Segment Lead - Travel Hospitality and Leisure
RELAIS & CHÂTEAUX
INDIAN HOTELS COMPANY LTD
WILDERNESS SAFARIS
MÖVENPICK HOTELS & RESORTS
Clement Kwok CEO & MD
Marty Salfen General Manager, Global Travel & Transportation Industry
Matthew D Upchurch CTC CEO
INDUSTRY PARTNERS
HONG KONG & SHANGHAI HOTELS
IBM
VIRTUOSO
Dr Ken Chu Chairman & CEO
Vladimir Yakushev Managing Partner
CANNERY ROW COMPANY
MARRIOTT INTERNATIONAL
MELIÁ HOTELS INTERNATIONAL
Paul Denis Griffiths CEO
Raimund Hosch President & CEO
HYATT HOTELS CORPORATION SHANGRI-LA INTERNATIONAL HOTEL Mark S Hoplamazian MANAGEMENT President and CEO
Giorgio Boscolo CEO
DEPARTMENT OF TOURISM & COMMERCE MARKETING, GOVERNMENT OF DUBAI
Arne M Sorenson President & CEO
DUBAI AIRPORTS INTERNATIONAL
MESSE BERLIN GMBH
Jiwei Xu Chairman
Min Fan CEO
JW Marriott, Jr Chairman & CEO
Mohammed Al Habbai CEO
Dong-Bin Shin Chairman
BOSCOLO GROUP
JUMEIRAH GROUP Gerald Lawless Executive Chairman
Miltos Kambourides Managing Partner
LOTTE
Greg Dogan President & CEO
SOUTH AFRICAN AIRWAYS Sizakele Mzimela CEO
SPENCER STUART
Jerry Noonan Co-leader, Global Hospitality & Leisure Practice
STARWOOD HOTELS & RESORTS WORLDWIDE, INC Frits D van Paasschen President & CEO
TAJ HOTELS RESORTS & PALACES Raymond Bickson Managing Director & CEO
TAP PORTUGAL Fernando Pinto CEO
TRANSAERO AIRLINES Alexander Pleshakov CEO
UNITED AIRLINES Jeff Smisek President & CEO
Jim Compton Executive Vice President & CEO
DELOITTE
REGIONAL MEMBERS DOURO AZUL Mario Ferreira CEO
HONORARY MEMBERS ACCOR
Gérard Pélisson Co-Chairman, Supervisory Board
AMERICAN EXPRESS COMPANY Jonathan S Linen Adviser to Chairman
ANDRÉ JORDAN GROUP André Jordan Chairman
FT MOORE P/L
Sir Frank Moore, AO Chairman
THE HERTZ CORPORATION
Frank Olsen Retired Chairman of the Board
NOMURA INTERNATIONAL Lord Colin Marshall of Knightsbridge Chairman
TZ ASSOCIATES
Tommaso Zanzotto President
UNIVERSAL MEDIA Carl Ruderman Chairman
CHAIRMAN EMERITUS RRE VENTURES
James D Robinson III General Partner WTTC Chairman (1990-1994)
IMMEDIATE PAST CHAIRMAN GLOBAL ALLIANCE ADVISORS LLC Vincent A Wolfington Chairman WTTC Chairman (2004-2007)
FORMER CHAIRMEN INTERCONTINENTAL HOTELS GROUP PLC Sir Ian Prosser Retired Chairman WTTC Chairman (2001-2003)
AIG INC
Harvey Golub Non-Executive Chairman WTTC Chairman (1996-2001)
ROBERT H BURNS HOLDINGS LTD Robert H Burns Chairman WTTC Chairman (1994-1996)
1-2 Queen Victoria Terrace, Sovereign Court, London E1W 3HA United Kingdom Telephone: +44 (0) 20 7481 8007 Fax: +44 (0) 20 7488 1008 Email: enquiries@wttc.org
www.wttc.org