Tourism and Travel
About this sector
Based on its contribution to global gross domestic product, the number of people it employs, and the number of clients it serves, tourism has been described as the world’s largest industry. In 2008 these figures were 9.5% of global GDP, over 200 million jobs – one in 13 of all jobs worldwide – 924 million international travellers in 2008, and perhaps 10 times the number of domestic travellers.
The industry forms one of the top five export earners in 150 countries, and is particularly important for developing countries. For the world’s 40 poorest countries, tourism is second to oil as a source of foreign exchange.