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International Luxury Travel Market Cannes, France December 8, 2003

International Luxury Travel Market Cannes, France December 8, 2003. The Perfect Storm. WTTC’s 2002 Tourism Satellite Accounting Research. WTTC’s 2003 Tourism Satellite Accounting Research. Base Case & Pessimistic War Scenario. Components of Travel & Tourism Demand. World - Personal T&T.

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International Luxury Travel Market Cannes, France December 8, 2003

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  1. International LuxuryTravel MarketCannes, FranceDecember 8, 2003

  2. The Perfect Storm

  3. WTTC’s 2002 Tourism Satellite Accounting Research

  4. WTTC’s 2003 Tourism Satellite Accounting Research

  5. Base Case & Pessimistic War Scenario

  6. Components of Travel & Tourism Demand

  7. World - Personal T&T 2003 • Travel & Tourism Spending by Visitors • US$ 2.1 Trillion in 2003 • 9.9% of Total Personal Consumption in Year 2003 • 2.2% Real Growth in 2003 • 4.8% Real Growth in 2004 • 3.7% Real Growth per annum (2004-2013)

  8. World - Business Travel • T&T Spending by Companies and Government Agencies • US$ 489 Billion in 2003 • US$ 423 Bn Corporate • US$ 66 Bn Government • 0.6% Real Growth in 2003 • 4.8% Real Growth in 2004 • 3.7% Real Growth per annum (2004-2013) 2003

  9. World - Gov’t T&T Expenditures • Government Travel & Tourism Services Provided to Individual Visitors and the Community-at-large • US$ 224 Billion in 2003 • 3.9% of Total Government Expenditures in 2003 • 2.8% Real Growth in 2003 • 3.0% Real Growth in 2004 • 3.0% Real Growth per annum (2004-2013) 2003

  10. World - T&T Capital Investment • T&T Facilities, Equipment and Infrastructure by Public and Private Sectors • US$ 686 Billion in 2003 • 9.6% of Total Capital Investment in 2003 • 2.8% Real Growth in 2003 • 3.9% Real Growth in 2004 • 4.3% Real Growth per annum (2004-2013) 2003

  11. World - Visitor Exports 2003 • T&T Spending by Inbound Visitors • US$ 531 Billion in 2003 • 5.9% of Total Exports in 2003 • 3.0% Real Growth in 2003 • 10.7% Real Growth in 2004 • 7.1% Real Growth per annum (2004-2013)

  12. World - Other T&T Exports • Consumer and Capital Goods Exported for Visitors and Travel & Tourism Companies • US$ 479 Billion in 2003 • 5.3% of Total Exports in 2003 • 8.9% Real Growth in 2003 • 8.9% Real Growth in 2004 • 7.2% Real Growth per annum (2004-2013) 2003

  13. Perspectives of Travel & Tourism Supply / Production

  14. Consumption = Travel & Tourism Industry Demand = Travel & Tourism Economy

  15. World - T&T Industry GDP 2003 • Travel & Tourism GDP Associated with Visitor Consumption (Direct) • US$ 1.3 Trillion in 2003 • 3.7% of Total Gross Domestic Production in 2003 • 1.1% Real Growth in 2003 • 4.8% Real Growth in 2004 • 3.6% Real Growth per annum (2004-2013)

  16. World - T&T Economy* GDP • Travel & Tourism GDP Associated with T&T Demand (Direct and Indirect) • US$ 3.5 Trillion in 2003 • 10.2% of Total Gross Domestic Production in 2003 • 2.0% Real Growth in 2003 • 4.8% Real Growth in 2004 • 3.9% Real Growth per annum (2004-2013) 2003 *WTTC Concept

  17. World - T&T Industry Employment 2003 • Travel & Tourism Employment assoc. with Visitor Consumption (Direct) • 67.4 Million Jobs in 2003 • 2.6% of Total Employment in 2003 • 0.1% Real Growth in 2003 • 2.2% Real Growth per annum (2004-2013)

  18. World - T&T Economy* Employment 2003 • Travel & Tourism Employment assoc. with T&T Demand (Direct and Indirect) • 195 Million Jobs in 2003 • 7.6% of Total Employment in 2003 • 1.5% Real Loss in 2003 • 2.4% Real Growth per annum (2004-2013) *WTTC Concept

  19. Regional and National Perspectives

  20. T&T Economy GDP World Average European Union Oceania Caribbean 2003 T&T Economy GDP (Percent of Total) North Africa Other Western Europe Central and Eastern Europe Middle East Southeast Asia South Asia North America Sub-Saharan Africa Northeast Asia Latin America T&T Economy GDP Growth 2004 -2013 (Percent Annualized)

  21. T&T Economy GDP Size Represents 2003 US$ European Union Oceania Caribbean North Africa Other Western Europe Central and Eastern Europe Middle East Southeast Asia North America Sub-Saharan Africa South Asia Northeast Asia Latin America

  22. T&T Economy GDP Top = High % of GDP Bottom = Low % of GDP European Union High % of GDP Oceania Caribbean North Africa Other Western Europe Central and Eastern Europe Middle East Southeast Asia Low % of GDP North America Sub-Saharan Africa South Asia Northeast Asia Latin America

  23. T&T Economy GDP Left = Slow Growth Right = Fast Growth European Union Oceania Caribbean North Africa Other Western Europe Central and Eastern Europe Middle East Southeast Asia North America Sub-Saharan Africa South Asia Northeast Asia Latin America Slow Growth Fast Growth

  24. T&T Demand WTTC’s Top Ten Industry Growers (2004-2013 Annualized Real Growth, Percent) 1 Angola 9.5 2 Mexico 9.5 3 Turkey 9.2 4 China 8.9 5 India 8.8 6 Botswana 8.5 7 Laos 8.4 8 Malaysia 8.2 9 Hong Kong 8.1 10 Vanuatu 7.8

  25. T&T Capital Investment World Average Caribbean Oceania North America North Africa Sub-Saharan Africa 2003 T&T Capital Investment (Percent of Total) Middle East Other Western Europe Southeast Asia European Union South Asia Central and Eastern Europe Northeast Asia Latin America T&T Capital Investment Growth 2003 -2013 (Percent Annualized)

  26. T&T Capital Investment WTTC’s Top Ten Investors (2004-2013 Annualized Real Growth, Percent) 1 Mexico 10.5 2 Turkey 8.5 3 Finland 8.0 4 China 8.0 5 Argentina 7.7 6 Malaysia 7.6 7 India 7.5 8 Singapore 7.4 9 Chinese Taipei 6.9 10 Hong Kong 6.8

  27. Travel & Tourism: Resilient and Renewable

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