- PowerPoint PPT Presentation

Slide1 l.jpg
1 / 30

Bahrain 5.6. Oman 5.3. Saudi Arabia 5.2. Lebanon 4.8. Syria 4.7. Qatar 4.7 ... other tourism activities for Bahrain surpassed all growth expectation ...

I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.

Download Presentation

An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.

- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -

Presentation Transcript

Presentation overview l.jpg

Presentation overview

* WTTC * Macro-Drivers for global economy *Travel & Tourism Growth*Global Trends*Implications for Travel & Tourism

Slide3 l.jpg

Founding Members

Abercrombie & Kent AccorAmerican AirlinesAmerican ExpressAvis, Inc.British Airways plcCanadian Pacific Hotels CorporationDelta Air LinesEast Japan Railway CompanyHertzIberiaRegent International Hotels The Promus Companies Thrifty Rent-a-CarUnited AirlinesWestin Hotels & Resorts

Slide4 l.jpg

To raise awareness of the importance of Travel & Tourism and to work with governments to realise the full potential of the industry in creating sustainable wealth and jobs.

WTTC Purpose

Raising awareness l.jpg

Raising Awareness

WTTC introduction of Travel & Tourism Economy Concept

Headwinds for the world in 2008 macro drivers l.jpg

Headwinds for the world in 2008Macro-Drivers

  • Credit crunch continues to be a worry on outlook

  • High oil prices may become a major constraint on growth

  • US housing in trouble

  • Weaker dollar

  • China to record another year with 2-digit growth

Slide7 l.jpg

Robust global growth to continue…

Robust global growth to continue l.jpg

Robust global growth to continue…

Rapid growth oil price surge l.jpg

Rapid Growth…oil price surge

Explaining the Forecast: 1) Expectations of slower economic growth- dent demand for energy

2) Nominal prospects of increase in OPEC production (December Meeting)

Buoyed by rising per capita incomes l.jpg

…buoyed by rising per capita incomes…

Diversification strategies l.jpg

…& diversification strategies…

Greater integration also boosting business travel l.jpg

Greater integration also boosting business travel…

Travel tourism developments in 2007 2017 l.jpg

Travel & Tourism developments in 2007-2017…

The major stories the rise of the middle east l.jpg

The major stories: the rise of the Middle East…

China s growing role in travel tourism l.jpg

China’s growing role in Travel & Tourism…

Slide16 l.jpg


2006 saw further broad-based strength in the tourism economy. In 2007, growth is not expected to be quite so dynamic as in 2006 as growth moves generally closer to the trend rates embodied in the 10-year annualized forecast.

Slide17 l.jpg


World Average



North Africa

Middle East

European Union

Southeast Asia

Northeast Asia

2007 T&T Economy GDP

(Percent of Total)

Other Western Europe

Central and Eastern Europe

North America

Latin America

Sub-Saharan Africa

South Asia

T&T Economy GDP Growth 2008-2017

(Percent Annualized)

Slide18 l.jpg

2007 – 2017


Slide19 l.jpg

Outlook for

the Middle East

T t economy gdp l.jpg


T&T Economy GDP


World Average

Middle East




Saudi Arabia5.2








2007 T&T Economy GDP

(Percent of Total)

T&T Economy GDP Growth 2008-2017

(Percent Annualized)

Slide21 l.jpg


Expectations in 2007 surpassed results from 2006 in all areas of tourism activities but UAE has experienced major increase in government expenditure, capital investment and visitor exports. Forecasts for next years will be more stable.

Slide22 l.jpg


2007 exceeded all 2006 results in most tourism activities with greatest increase in Business Travel and capital investment.

Slide23 l.jpg


Tourism activity has generally slowed down in 2007 but government expenditure has increased which will develop Jordan’s Travel & Tourism at a stable and consistent rate over the next ten years.

Slide24 l.jpg


2007 saw a marked increase in capital investment. All other tourism activities for Bahrain surpassed all growth expectation of 2006.

Slide25 l.jpg


All tourism activities have double in growth in 2007 and the industry will remain stable and strong for coming decade.

Top 5 infrastructure raking in middle east world rank 124 l.jpg

Top 5 Infrastructure Raking in Middle East (World Rank/ 124)

Summary global view l.jpg

Summary global view

Despite increased downside risks, it remains likely that the slowdown in world GDP growth will be limited because:

- rapidly expanding emerging economies

- these countries are recognizing the development potential of the T&T industry and investing accordingly

- Rapid economic growth boosting incomes and creating an entire new range of customers where international travel is now an option

- the easing in monetary policy by central banks

- strong corporate profitability outside of the financial sector

Implications for the travel tourism industry l.jpg

Implications for the Travel & Tourism Industry

  • Deteriorating economic conditions, particularly in the housing and credit markets across the globe, increasing concerns about prospects for the travel & tourism industry in 2008

  • But the global slowdown is likely to be limited with a contained impact on the industry

  • US dollar’s weakness is curtailing the travel plans of residents of dollar-bloc countries but boosting their inbound tourism

  • Higher energy prices are a two-pronged challenge – they squeeze household budgets and raise the cost of a key input for the industry

Direction of forecast revisions l.jpg

Direction of forecast revisions

Slide30 l.jpg



  • Login