Rwanda: Travel, Tourism Investment to Increase By 11% in 2023

  • 📰 allafrica
  • ⏱ Reading Time:
  • 46 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 99%

South Africa Headlines News

South Africa Latest News,South Africa Headlines

Global travel and tourism investment is set to increase by 11.5 per cent in 2023 and return to pre-pandemic levels in 2025, the World Travel and Tourism Council (WTTC) President and Chief Executive Julia Simpson said on Thursday, November 2.

Speaking during the second day of the WTTC's 23rd Global Summit in Kigali, Simpson referred to the latest data from WTTC and its partner Oxford Economics.

"Our latest data highlights our sector's enduring appeal and resilience and is recovering faster than anticipated. Africa has the world's youngest population and by 2033, $1 in every $13 created in Africa, will come from Travel and Tourism and 1 in 17 jobs will be in the sector. Globally, the industry is expected to create almost 126 million jobs worldwide within 10 years, according to a report issued by the WTTC in 2022.

"Hosting the WTTC Global Summit in Rwanda and for the first time in Africa marks an incredible milestone for the continent. It is also an opportunity for the world to witness Rwanda and Africa's dedication to sustainable tourism." "I invite you all to join us for this historic occasion, and witness the naming of the next generation of baby mountain gorillas in what promises to be a remarkable celebration of conservation," he added.

Source: News Formal (newsformal.com)

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in ZA

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Rwanda: Low-Income Earners to Get Tax Cut as Rwanda Enforces LawLow-income earners, like primary school teacher Angelique Uwubuntu, will, starting this November, receive relatively higher pay as the government moves to enforce a relevant provision of the 2022 income tax law, The New Times understands.
Source: allafrica - 🏆 1. / 99 Read more »

Rwanda: Health Ministry Mulls Major Changes as NCDs Surge in RwandaThe Ministry of Health (MoH) is working to introduce new changes in healthcare so that more attention will be paid to Non-Communicable Diseases (NCDs) since they have overtaken infectious diseases as the main cause of death.
Source: allafrica - 🏆 1. / 99 Read more »

Rwanda: African Air Transport Cost Remains a Barrier to Tourism GrowthPresident Paul Kagame said the high cost of air travel to Africa and within Africa remains a barrier to the growth of the tourism sector, which calls for the implementation of the Single African Air Transport Market (SAATM).
Source: allafrica - 🏆 1. / 99 Read more »

Rwanda: President Suluhu, Burundian VP Bazombanza in Kigali for Global Tourism SummitPresident Samia Suluhu Hassan of Tanzania and Vice President of Burundi Prosper Bazombanza, on Wednesday, November 1, arrived in Rwanda to attend the 23rd World Travel and Tourism Council Global Summit.
Source: allafrica - 🏆 1. / 99 Read more »

Club Med reports resort capacity recovery to 99.2% of 2019 levels in 2023 H1 resultsSouth Africa Today, News source, provides breaking news on South Africa, world, Africa, sport, travel and more.
Source: SATodayNews - 🏆 44. / 51 Read more »

SAP Turns Every Developer Into a Generative AI Developer at SAP TechEd in 2023South Africa Today, News source, provides breaking news on South Africa, world, Africa, sport, travel and more.
Source: SATodayNews - 🏆 44. / 51 Read more »