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Jean-Claude Baumgarten President World Travel & Tourism Council

Jean-Claude Baumgarten President World Travel & Tourism Council * WTTC * Global Overview * Travel & Tourism Growth * Global Trends * Important Considerations Founding Members

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Jean-Claude Baumgarten President World Travel & Tourism Council

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  1. Jean-Claude BaumgartenPresidentWorld Travel & Tourism Council

  2. * WTTC * Global Overview* Travel & Tourism Growth* Global Trends* Important Considerations

  3. 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

  4. WTTC Purpose 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.

  5. Raising Awareness WTTC introduction of Travel & Tourism Economy Concept

  6. Where do the leaders in the industry lead us? Where do markets lead us? Where does the economy lead us?

  7. Robust global growth to continue…

  8. Robust global growth to continue…

  9. 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)

  10. …buoyed by rising per capita incomes…

  11. …& diversification strategies…

  12. Greater integration also boosting business travel…

  13. Travel & Tourism developments in 2007-2017…

  14. The major stories: the rise of the MiddleEast…

  15. China’s growing role in Travel & Tourism…

  16. WORLD 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.

  17. TRAVEL & TOURISM ECONOMY GDP THE WORLD World Average Caribbean Oceania 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)

  18. 2007 – 2017 WORLD

  19. WTTC’s Top Ten Industry Growers - Demand (2008-2017 Annualized Real Growth, Percent) 1 Montenegro 10.1 2 China 9.1 3 India 7.9 4 Croatia 7.8 5 Congo, Dem Rep 7.8 6 Vietnam 7.5 7 Romania 7.4 8 Namibia 7.1 9 Hong Kong 7.0 10 Chad 7.0

  20. WTTC’s Top Ten Job Creators (2008-2017 Employment Growth, Jobs) 1 China 3,222,280 2 India 2,714,890 3 Brazil 1,896,923 4 Japan 1,868,803 5 Mexico 1,321,671 6 US 1,085,700 7 Vietnam 890,916 8 Pakistan 828,640 9 Spain 812,779 10 France 808,848

  21. European Union Outlook

  22. TRAVEL & TOURISM ECONOMY GDPEUROPEAN UNION World Average Romania 6.9 Latvia 6.5 Lithuania 6.0 Estonia 5.5 Slovakia 5.5 Czech Republic 5.3 Bulgaria 4.5 Hungary 4.5 Luxembourg 4.1 Poland 4.1 Greece 4.0 Slovenia 3.9 Cyprus 3.9 Ireland 3.7 Malta 3.7 Portugal 3.2 Finland 3.2 United Kingdom 3.1 Belgium 3.0 Germany 2.9 Spain 2.9 France 2.8 Sweden 2.8 Denmark 2.0 Austria 1.9 Netherlands 1.8 Italy 1.3 European Union 2007 T&T Economy GDP (Percent of Total) T&T Economy GDP Growth 2008-2017 (Percent Annualized)

  23. GermanyThe World Cup underpinned exceptional tourism growth in 2006, with economy GDP increasing by 7%. For 2007, the challenge is to sustain tourism’s higher contribution to overall activity as growth returns towards the trend rates embodied in the 10-year forecast.Tourism.

  24. France Declining foreign visitor and government spending limited the tourism’s industry’s expansion in 2006, although investment grew rapidly. Such investment is likely to bear fruit in 2007 when visitor exports are expected to rebound, boosting employment growth.

  25. Italy2006 saw a marked increase in visitor exports, which produced a 3% increase in the tourism economy after several years of decline. Further progress is expected to be made in 2007 but the maturity of the tourism sector in Italy is reflected in the more modest 10-year growth rates.

  26. United Kingdom Despite sterling’s strength, 2006 saw a marked rise in all categories of tourism in the UK, with visitor numbers hitting record levels. 2007 is expected to see another good performance, with the tourism economy expanding by over 4%.

  27. Inbound Tourism Worldwide

  28. Top Ten International Tourist Arrivals

  29. Top 10 Infrastructure Ranking Source: World Economic Forum

  30. Where should the industry leaders lead us? • Consolidate position in mature markets; in 10 years USA and EU will still remain the top markets • Corporate fleet renting and leisure • Take position in new markets – China, India and Russia

  31. HEADLINE SPONSOR PACK

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